Esports Industry News

UPDATE: June, 2023 All charges against Bernard Chong have been dropped by the Court of Appeals in Manilla, Philippines. The charges for drug smuggling were dismissed, and court filings indicate…

HyperX and Allied Esports have, this week, renewed their landmark naming rights agreement. The HyperX Arena in Las Vegas, one of the premier esports destinations, will remain sponsored by the…

OverActive Media, the parent company of LEC team MAD Lions, as well as Toronto Ultra and Toronto Defiant, published their 2022 financial results, recording a net loss. Overactive Media records…

The VALORANT Champions Tour (VCT) EMEA has announced it will extend its partnership with energy drink brand Red Bull. VCT EMEA will continue to collaborate with Red Bull to support the…

Energy Drink brand Red Bull is set to open its new esports and gaming venue in Denmark, the Red Bull Gaming Sphere Aarhus. It will be the biggest venue in…

French esports organization Team Vitality will partner up with hardware brand CHERRY XTRFY (Cherry Xtrfy) for the upcoming two years. Cherry Xtrfy will supply its products to Team Vitality The two-year partnership…

Los Angeles-based esports organization CLG is going to be hit with a large wave of layoffs, except for its League of Legends Championship (LCS) team. The layoffs were first confirmed by…

The North American esports organization TeamSoloMid (TSM) will be pausing most of its esports efforts across several titles, including the LCS. TSM might not continue participating in esports competitions As…

In a recent financial report aimed at breaking down the firm’s 2022 performance, FaZe Clan reported a loss of $53.2 million. Recently, the company has found itself slipping dramatically, and…

FlyQuest, an esports organization competing in the NA LCS, has announced a partnership with data platform Blinkfire Analytics. Blinkfire will provide sponsorship tracking and valuation for Flyquest While the financial details of…