“No question this is changing the landscape for media companies and how people are participating in sports,” said Tim Seymour, managing partner and co-founder at Triogem Asset Management, in an interview with CNBC’s “Fast Money.”
“The fan base is rabid. The excitement is there. And it’s all demographics. It’s not just guys. It’s not just girls. It’s not just young folks. It’s old folks,” added Seymour.
According to Newzoo, which tracks usage and trends in eSports, video games and mobile, about 2.3 billion gamers around the world will shell out US$137.9 billion on games this year. Seymour added that media giants are now getting into eSports, with the Walt Disney Co. broadcasting “Overwatch” games on ESPN.
Big money is being made buying teams and video game platforms. Jack Etienne, the owner of the eSports team London Spitfire, told CNBC he made roughly US$1 million dollars from winning the recent “Overwatch” event.
Etienne added that investors can invest in products and video content intended to improve the user experience, such as entertainment software and video games published Blizzard Entertainment, which is owned by Activision.
Source: investopedia.com / Shoshanna Delventhal
