On April 07 2023 00:15 DarkCore wrote:
I don't think it has anything to do with Big Tech, it has to do with the fact that some of these esport teams signed insane contracts with cryptocurrency companies, and that money dried up really fast (FTX...). Esports def experienced a money bubble, it is harder to commercialize a scene that involves people sitting at home rather than going to a stadium and buying merchandise directly. VC is realizing that and isn't going to throw endless money at teams anymore, not in this market.
I think Imeant to say VC money as the cause.Pointing to Big Tech since they’re going through the same problems. I hope TL Pro keeps doing well. It seems they have way better teams but they’re probably hurting.
I saw some blogpost somewhere that we’re probably going to see esports orgs work more like talent agencies (like vtuber or idol agencies) now. Granted that’s been the case for years, I think C9 was the first org to hire personalities as part of their org.