EPTMLG raises $11.3m in additional funding - Page 13
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DeaDoXFighting
Canada115 Posts
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phxval
Belgium3 Posts
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GeezerGeek
United States15 Posts
On March 14 2012 16:12 Sub40APM wrote: It doesnt have to mean that. It could also mean that the same fund that is carrying MLG investments on their books at value x doesnt want to admit to their own investors that value x has degraded due to costs. If they throw in an extra 11 million at MLG while valuing company shares at the same price x that their previous investment was at then they can continue to account on their own books their whole investment into MLG as x. Is this possible? Yes. But the scenario you sketch it tantamount to fraud, and it's not how successful VC funds are typically run. Obviously we're all speculating somewhat here, but odds are MLG had a concrete plan that for what to do with the funds and sophisticated investors looked at current operations and the future business plan and agreed there is a good chance of substantial profits. Like others have said, we don't know the terms of the investment, which would give us a much better clue as to how MLG is doing, but the fact that they can still attract VC capital in this economy is, overall, a good sign. | ||
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Sphen5117
United States413 Posts
On March 14 2012 23:12 Jiddra wrote: But, is it only the SC2 crowd that will be paying? Where is the LoL PPV, Halo PPV, MK PPV etc. Have MLG raised ticket costs for attending events live? IF the SC2 crowd is the only part of their viewers that can be relied on to pay for content and for MLG being alive, Im a bit worried for the future. I completely understand that concern, but the reason I myself am not too worried is I trust (possibly naively) that the income generated from each game will be approximately proportional to what is put back in to it. The state of competitive SC2 as a whole in 2011 seemed to be one with alot of exciting new opportunities arising for the first time, and the first full year of operation for many. Alot of these like MLG had alot of explosive growth, but now we're going to start seeing what is sustainable. Other games may have their scenes a little more rooted (even if they are smaller or larger), and out of fear of not having this fervor for SC2 "stick", it's always safest to secure this kind of data about it, namely how much revenue can be generated from it so that they know how much they can afford to spend on it. Atleast, this is the conclusion I would come to. 2011 was indeed an amazing year for SC2, but now we're all sort of holding our breath and letting the dust settle to make absolutely sure that much of this can stick around and quite possibly explode even more (or slowly and steadily grow, also good) | ||
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TotalBiscuit
United Kingdom5437 Posts
On March 14 2012 23:05 Jiddra wrote: The real test will be when the LoL audience need to pay for something. The LoL viewers are hard to value for a sponsor. They've proven more than willing to spend $5-$10 for a skin for their hero, getting them to pay for something seems far easier than getting SC2 players to pay for anything. | ||
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ShinobiX
Germany33 Posts
On March 14 2012 20:45 Doodsmack wrote: You don't think 11.3 million will help MLG to secure growth? What if this new funding is a result of the success of the PPV? Doesn't that kind of prove his argument? And do you realize only the Arenas will be PPV, the main MLG events will still be free? Do you think all 11.3 million will be put into the Arenas? You Don't get it. I Don'z give a shit about mlg's financial growth. Sundance said he wanted to help esport. The post i replied to talked about esport. You also equate the success of mlg to esport. That is bullshit. Mlg does not equal esport. That is what gets me into this debate. None of this has furthered esport in any way. Not even the poor excuse that travel expenses for Teams have been taken care of. Who gives a fuck. This has Not promoted esport to a new audience at all, so no growth was achieved. Period. | ||
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MaV_gGSC
Canada1345 Posts
On March 15 2012 00:37 DeaDoXFighting wrote: esports FOR LIFE! exactly this :D | ||
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Crownlol
United States3726 Posts
On March 15 2012 01:32 TotalBiscuit wrote: They've proven more than willing to spend $5-$10 for a skin for their hero, getting them to pay for something seems far easier than getting SC2 players to pay for anything. This. SC2 players are, thus far, stingy with their money and expect everything to be free. If they made tournament gold subscriptions purchasable with RP, the revenue would be gargantuan. It's even easier to rationalize than buy a new skin, since you can buy the next RP bundle up, and get some new champs and skins WITH your tourney access. | ||
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Redox
Germany24794 Posts
I dont like their business model. | ||
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skeldark
Germany2223 Posts
On March 15 2012 01:32 TotalBiscuit wrote: They've proven more than willing to spend $5-$10 for a skin for their hero, getting them to pay for something seems far easier than getting SC2 players to pay for anything. And i am very happy about that... For you it is an industry and your job. For most people here it is not. It is something we do in our free time to have fun. Its not about making esport big or about having great business success. Its about having fun, watching and playing a game. And there is no need to spend money for this. | ||
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andsaca
United States48 Posts
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Elean
689 Posts
These 11.3m are an investment, not a sponsorship. This means they want us to eventually pay it back. MLG is investing way too much, and after that they explain to us that they need PPV to survive. There is currently more content than people can watch. There is a competition among events, If a compagny keep investing and loosing money, it's just bad for the scene because it prevents other events to grow. Sundance says he wants more and more. But the scene is already saturated. I personnaly don't want more. I prefer a modest event like homestory cup for free, than a big event like winter arena for 20$. MLG is just creating a bubble. | ||
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RvB
Netherlands6209 Posts
On March 15 2012 02:19 Crownlol wrote: This. SC2 players are, thus far, stingy with their money and expect everything to be free. If they made tournament gold subscriptions purchasable with RP, the revenue would be gargantuan. It's even easier to rationalize than buy a new skin, since you can buy the next RP bundle up, and get some new champs and skins WITH your tourney access. Plenty of the sc2 community pay for HD streams so no they do not expect everything to be free. They just expect a free LQ stream and in the case of MLG a lot of people didn't find 20$ worth it which is a totally valid opinion considering the competition is cheaper. | ||
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Sphen5117
United States413 Posts
On March 15 2012 02:31 skeldark wrote: And i am very happy about that... For you it is an industry and your job. For most people here it is not. It is something we do in our free time to have fun. Its not about making esport big or about having great business success. Its about having fun, watching and playing a game. And there is no need to spend money for this. No offense, but that's and EXTREMELY ignorant post. There's no need to spend money on it? Then there's no need for exist. It won't exist if you don't spend money. You want a product for free? Well it costs money to produce. To get such solid, unique, and wonderful entertainment, it costs money. If you don't want to pay for it, then sad to say you should have a very very limited voice in what "IT" actually is. Sure it's a hobby to you. That's fine. If you don't care if it succeeds or fails then you probably shouldn't have a say in the direction it takes, how tourneys are run, what formats are used, etc. | ||
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skeldark
Germany2223 Posts
On March 15 2012 02:42 Sphen5117 wrote: No offense, but that's and EXTREMELY ignorant post. There's no need to spend money on it? Then there's no need for exist. It won't exist if you don't spend money. You want a product for free? Well it costs money to produce. To get such solid, unique, and wonderful entertainment, it costs money. If you don't want to pay for it, then sad to say you should have a very very limited voice in what "IT" actually is. Sure it's a hobby to you. That's fine. If you don't care if it succeeds or fails then you probably shouldn't have a say in the direction it takes, how tourneys are run, what formats are used, etc. who said i want this product? i want to see some games and play the game. No need for big pricepool, flying players around the world, or professional casters and players, to have this. And i am happy that in the sc2 community there are still people left, who care for sc2 and not for esport first. You guys think: if there is more money in it and if its bigger, its better. When i see all the drama threads and all this not sc2 related discussion in the community i think it makes it worse. But i agree with total biscuit on one point: this will move over to LOL soon. | ||
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KimJongIlJr
Korea (North)61 Posts
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turdburgler
England6749 Posts
On March 15 2012 01:32 TotalBiscuit wrote: They've proven more than willing to spend $5-$10 for a skin for their hero, getting them to pay for something seems far easier than getting SC2 players to pay for anything. riot can just throw in a free teemo skin for people who pay for a ppv thing each mlg, or even more simply give a few hundred riot points as an incentive and people will be throwing money at it. | ||
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fraktoasters
United States617 Posts
On March 15 2012 01:42 ShinobiX wrote: You Don't get it. I Don'z give a shit about mlg's financial growth. Sundance said he wanted to help esport. The post i replied to talked about esport. You also equate the success of mlg to esport. That is bullshit. Mlg does not equal esport. That is what gets me into this debate. None of this has furthered esport in any way. Not even the poor excuse that travel expenses for Teams have been taken care of. Who gives a fuck. This has Not promoted esport to a new audience at all, so no growth was achieved. Period. I'm pretty sure the players/teams give a fuck about their travel expenses. MLG is effectively giving them money by paying for their tickets (apparently it's difficult to understand that plane tickets cost money). Yes PPV is not directly growing the viewer base but most of MLG events are and you have to be really narrow minded to think that this PPV arena is a totally isolated event. | ||
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BlazeTSR
United States218 Posts
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Synche
United States1345 Posts
On March 15 2012 01:32 TotalBiscuit wrote: They've proven more than willing to spend $5-$10 for a skin for their hero, getting them to pay for something seems far easier than getting SC2 players to pay for anything. After getting a game for free, and we're not talking about quantifiable in game items, we're talking about esports events. It's just not comparable. I'd imagine the average LoL player spends far less than $60, not to mention 2 expansion's worth of money on the game. | ||
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