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lestye
United States4002 Posts
https://www.sportsbusinessjournal.com/Daily/Issues/2023/03/31/Esports/tsm-esports-league-of-legends-championship-series.aspx It's kinda terrifying these 2 former rivals and juggernauts of LoL are dying. Its truly the end of an era since they've have such a storied past since esports really took off in NA in 2010-2011. | ||
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Nirli
Bulgaria69 Posts
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Sermokala
United States13226 Posts
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Cyro
United Kingdom20087 Posts
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lestye
United States4002 Posts
On April 06 2023 04:48 Cyro wrote: What's up, is MOBA crashing recently? I think its the LCS dying and there's been talk of the esports bubble popping. Money is drying up and the Big Tech industry are downsizing. And I think people attribute to Faze losing like 90% of their value on the stock market kinda proves there's so much overevaluation on esports brands. | ||
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DarkCore
Germany4190 Posts
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XenOsky
Chile2035 Posts
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lestye
United States4002 Posts
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. | ||
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Akio
Finland1796 Posts
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cLutZ
United States19427 Posts
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GTR
50945 Posts
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