FinancialBuzz.com News Commentary
NEW YORK, Aug. 20, 2019 /PRNewswire/ -- With the growth of the eSports industry, gaming has now become a credible career among the youth. Millions of teenagers and young adults around the world are actively striving to become professional players because of the attractive annual income. For instance, Dota 2 player Kuro "KuroKy" Salehi Takhasomi is the highest-earning player in eSports history and collectively earned over USD 4 Million in tournament winnings. However, his earnings do not even include income he may have generated from sponsorships and brand deals. On the other hand, Michael "Shroud" Grzesiek, who was formerly a professional eSports player, has transitioned to the media and casual side of the gaming industry. Based on his Twitch metrics, it is projected the Grzesiek nets approximately USD 4.4 Million in annual revenue. Thanks to high-profile cases like these, the lucrative market has now caught the attention of individual players as well institutions. In particular, a handful of universities and colleges have begun to offer students scholarships as well as courses for eSports. For example, the University of California, Los Angeles (UCLA) and Ohio State University (OSU) both offer eSport courses as well as degrees. And UCLA has even created varsity eSports teams for popular games such as League of Legends, Overwatch, Dota 2 and Hearthstone. Similarly, OSU offers students scholarships for its eSports teams, but in addition, the school also boasts it eSports arena where players train and compete. As of now, only a handful of postsecondary institutions offer eSport curriculums, but as the industry continues to flourish, other institutions may adapt to the changing job market. According to data compiled by Ovum, the global eSports market was valued at USD 733 Million in 2017. By 2022, the agency expects the market to reach USD 1.9 Billion while growing at a CAGR of 20.7%. UMG Media Ltd. (TSX-V: ESPT), Electronic Arts Inc. (NASDAQ: EA), Advanced Micro Devices, Inc. (NASDAQ: AMD), Dell Technologies Inc. (NYSE: DELL), Seagate Technology plc (NASDAQ: STX)
For many young adults, the thought of getting paid to play videos is a dream. However, professional players have explained the daunting and grueling process of the industry. Matthew "HotanCold" Stevens, a professional Rainbow Six Siege player for Dark Zero Esports, explained in an interview with WRAL Techwire the routine that professionals undergo on a daily basis. Stevens explained that a normal routine is waking up at 9:30 AM and conducting team workouts from 10 to 11 AM. Typically, the team engages in free weight exercises or runs. After the workouts, the team will practice strategies and tactics in the game from 11:30 AM to 9 PM. While many young adults may find it entertaining to be able to play their favorite games for hours each day, former professionals have voiced their experiences on the matter. Retired professional player, Dennis Fong said that players are essentially expected and required to play a single game as a full-time career. Fong noted that it deters players from pursuing relationships as well as taking part in other daily life activities. During the inception of the eSports industry, it was typically a band of players, training for hours each day to compete against other top-level players. Many said that they get burnt out easily and found no motivation to play on. Nowadays, many professional teams have implemented medical personnel and trainers such as psychiatrists and physical therapists to prevent adverse physical and mental damage. Many organizations, whether they're a professional team or a school's roster, strive to provide players with elite treatment in order to avoid long term risks. And with the pace the eSports industry has been growing, more and more individuals and schools have been attempting to create teams. "It'll be transformative and a way to engage students that right now education is missing out on," said North American Scholastic Esports Federation Commissioner Mark Deppe. "When I look at esports, I see it as uncharted territory and there is risk involved, but that's when you find the reward as well."
UMG Media Ltd. (TSX-V: ESPT) just announced breaking news today that, "through Activate Entertainment LLC. ("Activate") is pleased to announce that it will operate the Esports Gaming World (EGW) at the Los Angeles County Fair. EGW is a full 19-day premier attraction located in the massive 42,000sqft esports hall. EGW takes place during the LA County Fair, which sees over 1.3 million visitors.
The featured attractions operated by UMG/Activate at EGW include:
- The Main Stage - Over 19 days of nonstop esports and gaming on the main stage at EGW. Guests and attendees get the opportunity to enjoy the full professional esports experience by participating in events on the featured stage.
- PC Gaming World - Dozens of stations featuring daily free tournaments, as well as multiple free-to-play premium computer stations featuring the latest and greatest esports and competitive gaming titles. PC Gaming World will also feature its own programming of daily events to enjoy.
- Console Gaming World - Exclusive console gaming lounge that comes fully stocked with high-end systems loaded up with the most exciting console games available today.
- Battle Royale City - Inspired by the hottest gaming trend in the country, Battle Royale City features big-screen TVs and non-stop gameplay featuring your favorite BR games and titles
"EGW at the Los Angeles County Fair will bring tremendous exposure for UMG. This is one of the best examples of the work done by Activate and the tremendous value Activate brings to UMG, commented Dave Antony, CEO of UMG. "We are very excited about this and future events to be produced."
About UMG - UMG Media Ltd. is a premier esports company in North America, offering live gaming entertainment events and online play. UMG provides online and live tournaments as well as the creation and distribution of original esports content. For more information about UMG visit www.umggaming.com.
About Activate - Activate Entertainment is one of the leading esports and gaming activation and production specialists in the industry. Activate owns and operates a number of unique esports Ips, including Esports Gaming World (EGW) and The Elite Esports Academy. To learn about Activate visit www.actentgroup.com
For our latest "Buzz on the Street" Show featuring UMG Media Ltd, recent corporate news, please head over to: https://www.youtube.com/watch?v=YgvUGw85sMo
Electronic Arts Inc. (NASDAQ: EA) is a global leader in digital interactive entertainment. Recently, EA SPORTS Madden NFL 20 has taken the sports world by storm, turning players into stars with some long-awaited football action. Over 70% of players dove into Face of the Franchise: QB1 during the game's first week in a bid to become the next great quarterback. The new mode shows 80% growth over last year's Longshot 2, demonstrating just how eager Madden NFL 20 players are to put themselves in the game and become stars. Fans couldn't wait to get their hands on the game, as Madden NFL 20 had the highest final week of pre-orders in franchise history. Also, well over half of week one sell-through units were digital, a first ever milestone for the franchise. Additionally, the head-to-head action in the game has been intense — the number of games played in-game in the first week is up by double-digit percentages over last year. The superstars of the Madden NFL community have also been shining during launch, creating nearly 2,000 videos which have been viewed over 63 million times. This year's features are striking a chord with Madden NFL players, with the highest positive sentiment ever measured on social channels for the franchise.
Advanced Micro Devices, Inc. (NASDAQ: AMD) for 50 years has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the datacenter. Recently, AMD announced the global availability of its new leadership PC gaming platform based on AMD Radeon™ RX 5700 series graphics cards and 3rd Gen AMD Ryzen™ Desktop Processors, as well as AMD Ryzen™ 3000 Series Processors with Radeon™ Graphics (APUs). Together, these offerings take gaming performance, immersive experiences, and visual fidelity to new heights. AMD Radeon RX 5700 series graphics cards redefine what is possible in 1440p gaming. Built on the ground-breaking all-new AMD RDNA gaming architecture and 7nm process technology, the new graphics cards deliver superior visual fidelity, lightning-fast performance and advanced features to power the latest AAA and eSports titles. "We are proud to deliver our newest AMD Radeon graphics cards and AMD Ryzen processor products to create the ultimate PC gaming platform with leadership performance at every price point," said Dr. Lisa Su, President and Chief Executive Officer, AMD. "AMD is committed to driving innovation and competition across the computing and graphics markets to give PC enthusiasts, gamers and creators incredible experiences and unmatched value."
Dell Technologies Inc. (NYSE: DELL) is a unique family of businesses that helps organizations and individuals build their digital future and transform how they work and live. Recently, Dell and Alienware arrived at the 11th annual Gamescom trade fair with new tech to satisfy the needs of die-hard gamers and newbies alike – laptops, desktops, monitors, headsets, keyboards, mice – a complete gaming ecosystem shaped by tenacity and relentless innovation. "For decades, Dell and Alienware have been trailblazers in the PC gaming industry," said Ray Wah, Senior Vice President, Consumer and Small Business Product Group for Dell Technologies. "We're introducing a complete PC gaming ecosystem, with industry firsts, cutting-edge designs and exceptional performance that will keep players ahead of the competition."
Seagate Technology plc (NASDAQ: STX) crafts the datasphere, helping to maximize humanity's potential by innovating world-class, precision-engineered data management solutions with a focus on sustainable partnerships. Seagate Technology plc recently announced the new Game Drive designed for PlayStation®4 systems to boost storage and offer game portability. Available in 2TB capacity, the new Seagate Game Drive enhances your PS4 system gaming capabilities and delivers easy installation connecting directly to PS4 via USB cable. The officially licensed Game Drive for PS4 offers graphical branding elements to match the PS4 systems, as well as increased storage capacity so users can retain older titles and add-ons while downloading new games. "Games can average 40GB per title, so even the highest-capacity internal console hard drives available can be maximized quickly," said Jeff Fochtman, Vice President of Marketing for Seagate. "Seagate's new Game Drive for PS4 offers a storage upgrade so users can keep saved content while expanding their ability to download new games and add-ons."
Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.