TSM pausing esports and CLG Dead

lestye

United States4186 Posts

April 04 2023 06:55 GMT

So Travis and others are reporting that CLG is dead and TSM is pausing their esports ventures.

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.

Nirli

Bulgaria378 Posts

April 04 2023 14:57 GMT

Wild that the highest level of LoL was HotshotGG styling on noobs in soloq with Nidalee.

Sermokala

United States14102 Posts

April 04 2023 16:31 GMT

This is just sad all around, All good things but things will just never be the same without them.

Cyro

United Kingdom20323 Posts

April 05 2023 19:48 GMT

What's up, is MOBA crashing recently?

lestye

United States4186 Posts

April 05 2023 21:23 GMT

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.

DarkCore

Germany4194 Posts

April 06 2023 15:15 GMT

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.

XenOsky

Chile2307 Posts

April 09 2023 01:35 GMT

TSM represents everything thats wrong with the na esports scene...

lestye

United States4186 Posts

April 10 2023 06:36 GMT

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.

Akio

Finland1838 Posts

April 30 2023 11:31 GMT

Bjergsen retiring and now this, truly the end of an era. Future doesn't look bright for NA LCS, althought that's been the case for many years now I guess. I don't know about the rest of the regions, obviously LPL will always have a billion viewers but is LEC still doing well?

cLutZ

United States19574 Posts

May 21 2023 22:55 GMT

#10

Now we are hearing TSM is going to China

GTR

51532 Posts

May 22 2023 00:17 GMT

#11

is TSM even a big brand in china? i remember when LMQ were in the LCS for a couple of seasons but barely had any traction fan-wise so they sold their slot eventually.

Hollyya

1 Post

June 13 2023 15:58 GMT

#12

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