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nemonic
132 Posts
On April 04 2013 09:43 Nerski wrote: I find it sooo funny how much speculation I saw in this thread when it took me a whoopin hour to figure out what it was. Actually you didn't figure out anything. The article you came up with is already linked in the OP. | ||
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fire_brand
Canada1123 Posts
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Loxley
Netherlands2480 Posts
On April 04 2013 09:37 Nerski wrote: I give to you the information (took me about 1hr to find btw) Move this to front of post? Source http://www.gtai.de/GTAI/Navigation/EN/Invest/Service/Publications/markets-germany,did=692538.html ... Read it, and it was already in the OP. Great you entered the search for more information but its already in the OP. Sorry for the 1hr you wasted  Also updated the OP with the video linked here by Donkey_ Thx! | ||
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Nerski
United States1095 Posts
It explains right in there who owns it, and what he hopes to accomplish. I really don't see what more there is to elaborate. He's a guy with money who wants to make money organizing esports stuff. | ||
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Nerski
United States1095 Posts
On April 04 2013 09:47 nemonic wrote: Actually you didn't figure out anything. The article you came up with is already linked in the OP. I just worked 12hrs cut me some slack >< I still don't understand what shaddy thing there is to discover here, maybe I'll get it after getting some sleep /shrug. | ||
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MCDayC
United Kingdom14464 Posts
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Loxley
Netherlands2480 Posts
On April 04 2013 10:00 MCDayC wrote: One quick thing, in your little bit about the GSTL piece, it was Waxangel who wrote it/is editor, Pathy is the graphics dude. Thx for the sighting, its corrected! | ||
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synd
Bulgaria586 Posts
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dragoon
United States695 Posts
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tribulator
774 Posts
The reason they aren't so upfront about this is because the idea of Azubu (a company who's sole purpose is esports, and appears to be a passion project) might scare away potential investors and customers from RNTS, which would be horrible for Mr. Park. They're connected, but he keeps them as separate as possible to avoid this. | ||
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TheSir
1830 Posts
do some proper research if you want to make a thing out of this, otherwise this is just nonsense and pointless | ||
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Doodsmack
United States7224 Posts
+ Show Spoiler + "When I ask Mr. Park what exactly AZUBU is doing, he stands up and picks up a large picture from the sideboard. There is a huge hall in the picture, full of people, celebrating the online-gamers standing on a podium, in a shower of confetti. "You see? This is an event of the Online Games League in Seoul, with two five-person teams. It was sold out, 17,000 people were in the hall, and we also had a live stream in the Internet. We want to organize such 2-3-hour events in Germany, elsewhere in Europe, also in North America, and establish professional and amateur leagues in different age groups - this work is already underway. We are building a social network for gamers, where fans can exchange information about the specific topics of the gaming world. In our community for example, the gamer, can chat with his own voice, doesn’t need to use the keyboard, because during the game, hands are busy.” The OP makes their goals seem more mysterious and unknown than they actually are. Presumably they have long-term plans and as-yet unrevealed projects, though admittedly their early offerings including Azubu.tv haven't panned out well. But there's nothing dark or mysterious about this really. Mr. Park explained his goals well with that answer and the OP should be changed to reflect this. | ||
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AnomalySC2
United States2073 Posts
On April 04 2013 11:02 Doodsmack wrote: The GTAI article explains everything we need to know about AZUBU's intentions and overall goals in the industry. + Show Spoiler + "When I ask Mr. Park what exactly AZUBU is doing, he stands up and picks up a large picture from the sideboard. There is a huge hall in the picture, full of people, celebrating the online-gamers standing on a podium, in a shower of confetti. "You see? This is an event of the Online Games League in Seoul, with two five-person teams. It was sold out, 17,000 people were in the hall, and we also had a live stream in the Internet. We want to organize such 2-3-hour events in Germany, elsewhere in Europe, also in North America, and establish professional and amateur leagues in different age groups - this work is already underway. We are building a social network for gamers, where fans can exchange information about the specific topics of the gaming world. In our community for example, the gamer, can chat with his own voice, doesn’t need to use the keyboard, because during the game, hands are busy.” The OP makes their goals seem more mysterious and unknown than they actually are. Presumably they have long-term plans and as-yet unrevealed projects, though admittedly their early offerings including Azubu.tv haven't panned out well. But there's nothing dark or mysterious about this really. Mr. Park explained his goals well with that answer and the OP should be changed to reflect this. So, basically that it's a money sink and passion project built from pure love of esports? -_- And who is exactly funding it ? | ||
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Doodsmack
United States7224 Posts
On April 04 2013 11:07 AnomalySC2 wrote: So, basically that it's a money sink and passion project built from pure love of esports? -_- And who is exactly funding it ? I'm not sure it's a passion project, or at least I don't know that the founders have a real interest in gaming. They are just rich dudes who think they can make money in this industry, and are pursuing a very broad-based approach rather than one that is tied to any particular team or game. That pretty much sums Azubu up. Whether they have good specifics planned or whether they will be successful is another story, but there's no real mystery to this whole story. The OP pretty much misrepresents the situation. But it's definitely good to call attention to the possibility that Azubu may not have a good plan and the river of money might run out in the future. But there's no mystery or corruption surrounding it. | ||
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AnomalySC2
United States2073 Posts
On April 04 2013 11:14 Doodsmack wrote: I'm not sure it's a passion project, or at least I don't know that the founders have a real interest in gaming. They are just rich dudes who think they can make money in this industry, and are pursuing a very broad-based approach rather than one that is tied to any particular team or game. That pretty much sums Azubu up. Whether they have good specifics planned or whether they will be successful is another story, but there's no real mystery to this whole story. The OP pretty much misrepresents the situation. Ahh I see it all makes much more sense now. Thank you D: | ||
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Blargh
United States2103 Posts
I wouldn't say he is misrepresenting the situation. If they think they are going to "strike it rich" by investing in eSports, then they must have a LOT of money and a LOT of time to wait, because currently, it isn't some financial jackpot. I obviously do not know exactly how much money they are putting in and how much they are getting out of it, but from the looks of it... There's quite a bit being put in and... probably an okay amount being received? Funding tons of tournaments and tons of teams with tons of money out of nowhere is incredibly unusual. In order for their investment to be at all worthwhile, they will need to wait quite a few years before they see any significant returns. It's also a gigantic risk investing so much money into something like esports so quickly. There are wealthy people all over, but to invest it into esports of all places just seems silly. So, it is still a bit of a mystery. But, I don't think any of us will find out the information we are interested in through browsing the internet. How they had so much money is not something we can easily find out, and the same could probably be said for the profitability of their investment. | ||
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Doodsmack
United States7224 Posts
On April 04 2013 11:28 Blargh wrote: @Doodsmack I wouldn't say he is misrepresenting the situation. If they think they are going to "strike it rich" by investing in eSports, then they must have a LOT of money and a LOT of time to wait, because currently, it isn't some financial jackpot. I obviously do not know exactly how much money they are putting in and how much they are getting out of it, but from the looks of it... There's quite a bit being put in and... probably an okay amount being received? Funding tons of tournaments and tons of teams with tons of money out of nowhere is incredibly unusual. In order for their investment to be at all worthwhile, they will need to wait quite a few years before they see any significant returns. It's also a gigantic risk investing so much money into something so quickly. There are wealthy people all over, but to invest it into esports of all places just seems silly. So, it is still a bit of a mystery. But, I don't think any of us will find out the information we are interested in through browsing the internet. IMO it's not a mystery because they think they can make money. The founder says so. And yeah, it's probably a pretty long-term plan. What other motive would there even be though? It's not like they're making any illegal fraud profit off of esports; they're just putting money in. It follows that they probably expect to make money. | ||
Jibba
United States22883 Posts
On April 04 2013 11:14 Doodsmack wrote: I'm not sure it's a passion project, or at least I don't know that the founders have a real interest in gaming. They are just rich dudes who think they can make money in this industry, and are pursuing a very broad-based approach rather than one that is tied to any particular team or game. That pretty much sums Azubu up. Whether they have good specifics planned or whether they will be successful is another story, but there's no real mystery to this whole story. The OP pretty much misrepresents the situation. But it's definitely good to call attention to the possibility that Azubu may not have a good plan and the river of money might run out in the future. But there's no mystery or corruption surrounding it. Except they don't have an actual product. There's no e-currency, no social networking site. No media enterprises except a fairly recent and very poorly coded streaming website (which is using another company's streaming services.) There's every reason to question who they are, because they don't actually do anything besides give out money. You can thank them for it, but it's still reason to be skeptical. "They're working on those things" is not a real response. You don't market your name for a year without a product to show for it. I don't know what the owners' intentions are (although it'd be hilarious if it were a front for a North Korean operation, like some of the gold/item selling companies are/were), but not knowing them is reason to question them. Even thinking "we're going to make money on ESPORTS!" is reason to question them because most of those people are lying too. The healthiest organizations know it's a terrible venture if money if your top goal. It's like saying "I think I can make money running an internet cafe in America in the year 2013!" And then a year later, the internet cafe is still open. That wouldn't raise a red flag for you? | ||
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Brasi
United States12 Posts
On April 04 2013 09:47 fire_brand wrote: Sounds almost like it's a front for money laundering, doesn't it? That doesn't make sense, money laundering is concealing the source of the funds, not giving it away. For instance, I take $1m of illegitimate money and create bogus invoices for say, ad revenue on my website , that money goes to my website company's retained earnings which I distribute to myself and use to buy a piece of commercial real estate free and clear, then I do a cash-out refinance of the real estate and presto i have clean money. thats just one degree of layering, so simple example, but anyone looking into why you have the money can see that it came from equity in real estate assets that you hold, and that you purchased with earnings of a business you own. In this case, they are dumping the money into league and team sponsorships, I don't see how that sounds like a front for money laundering, you'll have to explain that one. | ||
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Doodsmack
United States7224 Posts
On April 04 2013 12:49 Brasi wrote: That doesn't make sense, money laundering is concealing the source of the funds, not giving it away. For instance, I take $1m of illegitimate money and create bogus invoices for say, ad revenue on my website , that money goes to my website company's retained earnings which I distribute to myself and use to buy a piece of commercial real estate free and clear, then I do a cash-out refinance of the real estate and presto i have clean money. thats just one degree of layering, so simple example, but anyone looking into why you have the money can see that it came from equity in real estate assets that you hold, and that you purchased with earnings of a business you own. In this case, they are dumping the money into league and team sponsorships, I don't see how that sounds like a front for money laundering, you'll have to explain that one. Conspiracy bro. The moon landing was a hoax. | ||
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