Was the first Covid-19 lockdown a bad time to establish an esports organization?
and were established in early 2020 and just announced they will be shutting down operations as the economic situation in esports grows tenser.
🗞:
Follow
Click to Follow TobiasSeck
Tobias Seck
@TobiasSeck
Writer-turned-business analyst and . Covering sim racing, financial, legal, and corporate matters within the esports ecosystem.
Tobias Seck’s Tweets
. is proactively seeking approval from the EU Commission and other antitrust regulators for its $68.7B bid to purchase 💰
The deal has already received approval without conditions in Brazil. The deal is expected to close in June 2023
🔗 sbjsbd.biz/ctivision-Bliz
1
3
5
It was a rough Nasdaq debut for $FAZE as its stock price dropped by more than 20%. The outstanding regulatory filings revealing how much FaZe Clan's valuation decreased compared to the initial merger filing could send the stock on a nosedive.
Read more⬇️
sportsbusinessjournal.com/Esports/Sectio
2
5
Breaking: Activision Blizzard shareholders voted to approve the $70 billion Microsoft sale this morning, an expected procedural move.
The FTC still has to scrutinize the deal; several U.S. senators have urged the agency to review it over antitrust concerns.
4
29
141
. is “totally sold out” for next month’s Aramco U.S. Grand Prix, and will feature the largest crowd to attend a race at the Austin venue since COTA started hosting F1 in 2012.
▪️ sbjsbd.biz/COTA
3
24
110
I have to point out that this acquisition values - a legacy esports organization - at approximately $27M, while just sold its slot for $32.6M showing how little esports brands are worth compared to a slot in one of the big franchised esports leagues.
1
3
8
Show this thread
As a syndicate, the former owners are now the largest shareholder group of the organization's new parent company. Going public through the acquisition might turn out to be a valuable business decision, especially if can "upgrade" to a market soon. twitter.com/esportsobserve
This Tweet is unavailable.
1
4
9
Show this thread
Did you know that turned down Nike in favor of his deal with Adidas?
shared the reason behind the Adidas decision and talks about further insights from building the Ninja brand in an interview with 's .
1
3
4
Looking forward to participate in the #CaptainTom100 challenge in a few hours by doing 100 laps (620km) around Bathurst in with , and the amazing Snail Racing community, driving my favorite car in the sim, the M4 GT3 - Prototype.
1
3
7
This is a cruel reminder of the esports industry's current state. With a few exceptions, esports organizations are burning through cash rapidly, which for many comes from investors native to the sports and entertainment industry. More teams could be hit by the same fate soon. twitter.com/esportsobserve
This Tweet is unavailable.
1
At the end of its first year running, eSport1 had roughly 1.11M subscribers paying a monthly fee of €5.99 incl. VAT grossing the company monthly revenues of roughly €6.65M. Adding an English channel likely increases its growth opportunity exponentially to its licensing fees. twitter.com/esportsobserve
This Tweet is unavailable.
1
3
In his playing days, Beckham was one of the best scorers in soccer. Now he scored big in esports. His association with Guild Esports pockets him about $20M over the next five years, while he holds a 4.78% stake in the company he acquired for $319K. twitter.com/Kevin_Hitt/sta
This Tweet is unavailable.
3
2
11
In gut 30 Minuten geht es los, super interessantes Thema mit einigen Diskussionspunkte die es in sich haben, z.B. gehört im Sim Racing, genauso wie auch im Motorsport, Multi-Team Ownership und von Herstellern/Teams kontrollierte Wettbewerbe zum Alltag.
Quote Tweet
19.08.2020
17:30
twitch.tv/take
Morgen um 17:30 sprechen @TaKeSeN und ich im E-Sport Business Talk mit @Sliverlegrand und @ManuelWendel2 über #SimRacing.
Überbewertet? Wertvoll für Sponsoren? Keine Zukunft?
Ich bin gespannt. #EBTShow this thread
1
3
🗓 19.08.2020
⏰ 17:30
🎥 twitch.tv/take
Morgen um 17:30 sprechen und ich im E-Sport Business Talk mit und über #SimRacing.
Überbewertet? Wertvoll für Sponsoren? Keine Zukunft?
Ich bin gespannt. #EBT
5
10
15
Show this thread
I would be everything but surprised if Tencent pushes Huya's products in the U.S. as well if loses the U.S. presidential elections in November.
1
Show this thread
This investment marks the next milestone in the company's rapid growth over the last few years (EPIC raised at an $825M valuation in 2012 from Tencent - the company's second-largest shareholder). twitter.com/esportsobserve
This Tweet is unavailable.
1
1
Time flies. It's been 5 years since I joined and 1 since I started reporting on all things business, finance, and sim racing in esports. I'm eternally grateful to the team who made TEO the credible asset it is today and who trusted me to be TEO material
Quote Tweet
Can you believe that @TobiasSeck signed his first employment agreement with @esportsobserved 5 years ago? This makes him the longest standing employee at TEO.
Congratulation and thank you for your support during all these years!
GIF
read image description
ALT
1
2
12
Special thanks go out to , , , Leeston Bryant, and who made time to share their experiences and opinions to make this article possible.
1
Show this thread
Motorsports are back and sim racing is still flourishing. I got the opportunity to talk to several sim racers, racing drivers, motorsports organizations, and esports organizers about how COVID impacted sim racing and what's next for the esports niche.
1
2
Show this thread
Heard about video-sharing social media app ? It's a big deal and now under fire from members of the U.S. government. I love 's explanation of the situation, especially what tools the government has to ban the app. It's 100% worth a read.
1
1
3
As you read this story, multiple times you'll think "well surely this can't get any weirder."
You will be incorrect twitter.com/esportsobserve
This Tweet is unavailable.
2
2
Code Red going public is a big deal considering recent events! The amazing and I analyzed the deal and its implications.
Quick reminder: This business transaction is an ongoing process and therefore subject to change, if anything does, trust the official documents. twitter.com/esportsobserve
This Tweet is unavailable.
2
4
I'm very happy to see that , who got sacked by over an "esports scandal," will be finishing the ongoing season with . I think it's a great move for both parties involved, from a sports and a brand value perspective.
Quote Tweet
I am extremely happy to tell you that I will finish season 6 of Formula E together with @nio333formulae 
Announcing my comeback after the tough last weeks I had just feels amazing.... twitter.com/NIO333FormulaE…
Announcing my comeback after the tough last weeks I had just feels amazing.... twitter.com/NIO333FormulaE…Show this thread
2
Morgen gibt es das Jubiläum.
📅 10.06.2020
⏰ 17:30
🎥 twitch.tv/take
Für die 10. Folge des E-Sport Business Talk haben wir uns eingeladen. Wir sprechen über die Zeit nach und Simon hat Fragen an und mich.
Einschalten & Weitersagen.
1
5
19
Einschalten: E-Sport Business Talk mit und mir. Zu Gast heute von .
📅 03.06.2020
⏰ 17:30
🎥 twitch.tv/take
Weitersagen!
2
7
19
Besides, in light of Audi's handling of its other mishaps, it seems hypocritical and not a display of integrity to sack Abt for the reasons given.
Show this thread
Abt not only brings his family's great motorsports heritage to the Formula E grid but also helped Audi's Formula E team and the series in general by - ironically - creating transparency for fans and bringing them behind the scenes through his vlogs.
1
Show this thread
Yes, I think Daniel made a severe mistake in judgment, which could have been avoided by communicating his plans to Audi Sport and the Formula E. Did Audi make a good decision? I argue they didn't.
1
Show this thread
Watch the scene in this video, it's worth the minute (the victim Wehrlein later jokingly praised Scheider for pulling the move off without ending up in the gravel himself):
1
Show this thread
Ullrich reacted by ordering Scheider to push his Mercedes rival off the track over the radio, which was broadcasted on television for everyone to hear. Ullrich was fined €200K for his actions; nevertheless, Audi extended his contract later the same year until his retirement.
1
Show this thread