The business of sports is increasingly becoming an interesting sector for growth investors. Technological advancements have revolutionized the different aspects of sports investments. Esports is one of the few that are experiencing rapid growth.Top gaming companies like Electronic Arts (EA) and Activision Blizzard (ATVI) have made significant investments in the industry with the latter reportedly having raked in revenue of more than $500 million from the eSports-related business. Companies operating in other industries including McDonald’s (MCD), food and drink and Nike (NKE), sporting goods are targeting marketing opportunities while Comcast is building an eSports stadium.Esports is becoming a powerful force of attraction, something that some people will be surprised to hear. It is reported that the market will cross 550 million annual spectators next year, which is impressive considering the fact that in 2018, the active audience was estimated at about 380 million.Some analysts have also estimated that the market will hit annual sales of about $2.96B by the year 2022, which again shows that gaming companies could be about to open another lucrative revenue stream that will drive growth in the coming years.How does the business of eSports work?Ideally, eSports is a term derived from the interactivity between spectators ...
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