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Active: 620 users

MLG secures $10 million in funding

Forum Index > SC2 General
Post a Reply
1 2 3 4 5 6 7 8 Next All
TapocoL
Profile Joined October 2010
4 Posts
December 20 2010 20:09 GMT
#1
Could we see some big changes to Starcraft 2 for MLG 2011? Even Bigger Prize Pool? Actual seating area for the crowd?

http://www.majorleaguegaming.com/news/major-league-gaming-secures-additional-10-million-in-funding/
SmoKim
Profile Joined March 2010
Denmark10304 Posts
December 20 2010 20:11 GMT
#2
holy shit O____O!

Fuck yeah MLG is gonna be epic!
"LOL I have 202 supply right now (3 minutes later)..."LOL NOW I HAVE 220 SUPPLY SUP?!?!?" - Mondragon
knL
Profile Blog Joined June 2010
Germany400 Posts
December 20 2010 20:11 GMT
#3
I dont know what the preavious investment was but this seems pretty big.
Getz
Profile Joined April 2010
United States559 Posts
December 20 2010 20:13 GMT
#4
The investment will bring MLG’s total funding raised to $52.5 million.

MLG is ballin.
스타크래프트
Knutzi
Profile Joined July 2009
Norway664 Posts
December 20 2010 20:13 GMT
#5
hope they will focus more on SC2 rather than halo WoW guitar hero etc
-HellZerg-
Profile Blog Joined July 2009
United States409 Posts
December 20 2010 20:14 GMT
#6
O_O It looks like GSL in North America is not that far away from now. D:
We are what we repeatedly do; excellence, then, is not an act, but a habit. - Aristotle
TrainFX
Profile Blog Joined November 2010
United States469 Posts
December 20 2010 20:14 GMT
#7
Looks like financing for operating activities to me...

nothing to get excited about.
KonohaFlash
Profile Joined July 2010
Canada1590 Posts
December 20 2010 20:14 GMT
#8
Esports finally taking off? :D
Wolf
Profile Blog Joined April 2010
Korea (South)3290 Posts
December 20 2010 20:14 GMT
#9
NA still needs SC2-only events.
Commentatorhttp://twitter.com/proxywolf
TL+ Member
Logo
Profile Blog Joined April 2010
United States7542 Posts
December 20 2010 20:14 GMT
#10
That entire 10 million is going into the prize pool for a single SC2 tournament!

Ok maybe not, but it's going to be really exciting either way. I wonder if this is part of the big MLG stuff JP has been hyping or if it's just how it's going to be funded.
Logo
Alou
Profile Blog Joined March 2010
United States3748 Posts
December 20 2010 20:15 GMT
#11
Well deserved. MLG 2011 will be awesome!
Life is Good.
TheAngelofDeath
Profile Blog Joined May 2010
United States2033 Posts
December 20 2010 20:15 GMT
#12
Incredible! MLG rocks! :D
"Infestors are the suck" - LzGamer
Gemini_19
Profile Joined June 2010
United States1238 Posts
December 20 2010 20:15 GMT
#13
Wait is the next MLG in New York?!?!?
@GGemini19 GM Protoss | http://www.twitch.tv/geminisc2 | I <333 HerO & Trap | Check out my Build of the Week series on /r/allthingsprotoss, TL, or Spawning Tool
Thorantham
Profile Joined September 2010
United States221 Posts
December 20 2010 20:16 GMT
#14
With $52MM invested a decent valued exit has to be in the $150MM+ range. How will MLG generate revenues that are worthy of a $150MM valuation? I suppose it might be plausible at say $25MM in revenue and a 6 multiple or something like that. Anyone know what kind of revenue MLG has?
TrainFX
Profile Blog Joined November 2010
United States469 Posts
December 20 2010 20:18 GMT
#15
On December 21 2010 05:16 Thorantham wrote:
With $52MM invested a decent valued exit has to be in the $150MM+ range. How will MLG generate revenues that are worthy of a $150MM valuation? I suppose it might be plausible at say $25MM in revenue and a 6 multiple or something like that. Anyone know what kind of revenue MLG has?



lmao are you kidding me? please stop talking out of your ass. MLG is a private company that does not release financial statements.
zyzski
Profile Joined May 2010
United States698 Posts
December 20 2010 20:18 GMT
#16
a milli
TYBG
Chronald
Profile Joined December 2009
United States619 Posts
December 20 2010 20:18 GMT
#17
MLG needed the loot that's for sure. Hopefully they put it to the best use possible, aka Starcraft 2 duh.

I'd love to see some seating, maybe a stage for the finals? And a faster stream for the love of gawd
Got that.
JiYan
Profile Blog Joined February 2009
United States3668 Posts
December 20 2010 20:19 GMT
#18
imo they should upgrade by like a 10% margin and use the rest of the money to ensure MLG's survival. MLG staying long term and slowly growing > MLG being amazing for 2 years then crashing
Getz
Profile Joined April 2010
United States559 Posts
December 20 2010 20:19 GMT
#19
On December 21 2010 05:18 Chronald wrote:
MLG needed the loot that's for sure. Hopefully they put it to the best use possible, aka Starcraft 2 duh.

I'd love to see some seating, maybe a stage for the finals? And a faster stream for the love of gawd


All of this pleassssse.
스타크래프트
Comeh
Profile Blog Joined July 2008
United States18918 Posts
December 20 2010 20:21 GMT
#20
On December 21 2010 05:14 TrainFX wrote:
Looks like financing for operating activities to me...

nothing to get excited about.

Pretty much agree with this, but if it helps MLG grow and develop, I can't see it being a bad thing. I'm intrigued to see how MLG grows.
ヽ(⌐■_■)ノヽ(⌐■_■)ノヽ(⌐■_■)ノヽ(⌐■_■)ノヽ(⌐■_■)ノヽ(⌐■_■)ノDELETE ICEFROGヽ(⌐■_■)ノヽ(⌐■_■)ノヽ(⌐■_■)ノヽ(⌐■_■)ノヽ(⌐■_■)ノヽ(⌐■_■)ノヽ(
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