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Rivalry raises $20 million for sports and esports online betting

GamesBeat Summit 2021 #GBSummit returns with two days of content and networking designed for industry executives. April 28-29, 2021 Register Now Rivalry has raised $20 million for its business of sports and esports betting. The company has a mobile and PC platform that makes it easy to place bets on sports and esports matches. Rivalry’s average customer is 25 years old, and the company is going after esports and sports fans who are under 30. At the moment, Rivalry has an offshore gambling license with the Isle of Man, which

Sports Stocks Approach Breakout Potential (OTC US: BTDG) ($CHDN) ($WWE) ($MSGS)

The live sports space has been a key story in the process of the pandemic. Now, with multiple vaccine candidates moving toward emergency use authorization, that reality is heightened. Normality is nearing a return. In the past three weeks, we have seen COVID-19 vaccine candidates from Pfizer/BioNtech, Moderna, and Oxford/AstraZeneca all report strong data and promising safety/efficacy profiles, which shapes the market’s view and discounting mechanism powerfully. Now, we are seeing new announcements from both Russia and China ringing the same bell. The reopening trade is on in a big

Tencent Holdings COO Mark Ren Highlights Four Key Trends at Tencent Esports Global Summit

Tencent Holdings is one of the biggest technology companies in the world, but its gaming business is undisputed as the top revenue generator in the empire. According to Tencent’s latest financial report for Q2 2020, the company recorded total game revenues of ¥46.9B RMB ($6.8B USD), representing 40.8% of Tencent’s total revenues in Q2 2020. In Tencent’s executive structure, there are two employees with the highest salary and directly report to Tencent President Martin Lau. One is Allen Zhang, who’s in charge of the businesses of Chinese social media WeChat,

SpeCial, Nice, Probe win DH Fall Regionals

Week 1 of DreamHack Masters Fall saw three regional tournaments conclude with some significant shake-ups in the championship picture. SpeCial triumphed yet again in Latin America, but his margin of victory was razor thin as Cham battled him to the bitter end in an all-Mexican grand final.Unlike SpeCial, Has was unable to keep his streak of local domination going in the Taiwan/HK/Macau/Japan region, losing to Taiwan's long-time #2 player in Nice. In the Oceanic region, RiSky's brief kiwi reign came to an end as Australia's Probe reclaimed the title for

Report: Free Fire Sees Over 100M Peak Daily Active Users in Q2

The mobile battle royale game Garena Free Fire saw its highest-ever player numbers during the second quarter of 2020. A report published by Sea Limited, the parent company of Garena, said that app data and analytics platform App Annie recorded Free Fire as the highest-grossing mobile game in both Latin America and Southeast Asia.  The report claims that Free Fire achieved a new record high of over 100M peak daily active users in Q2. During this period, Free Fire also ranked third in the most downloaded mobile games category according

Lin-Manuel Miranda Is Working On A New Animated Disney Musical

Lin-Manuel Miranda's Broadway sensation, Hamilton, is coming to Disney+ on July 3, finally giving the wider public a professionally filmed version of the perpetually sold-out play. A trailer recently debuted, and in the lead-up to its release, Miranda has revealed that he's working on a new film for Disney, too.Deadline is reporting that Miranda discussed the upcoming project during an episode of Good Morning America, and he spilled some details about who is working on the movie and where it'll be set. "I’m actually writing a new animated musical with

Valorant Launch Tournament Airing Via Twitch Rivals: Watch It Here

Riot is holding a set of Valorant tournaments to celebrate its recent launch. The tournaments, which are streamed and hosted by Twitch Rivals, feature a $200,000 prize pool with creators and teams from North America, Brazil, Europe, Korea, Japan, and other parts of Latin America participating. To celebrate launch, we’re teaming with competitive FPS creators to hold a global tournament and crown 1 winning team from each region. Up for grabs is a $200,000 prize pool and the right to count themselves among the first global VALORANT champs. https://t.co/8KTOqeVsck —

Teamfight Tactics: Galaxies Championship to kick off esports in the game

The Teamfight Tactics: Galaxies Championship will give the best TFT players around the world a chance to battle for a $200,000 prize pool. As Riot Games expands its horizons in 2020 with a slew of new games, Teamfight Tactics is about to heat up with a new esports scene. Riot just announced the Teamfight Tactics: Galaxies Championship, which will establish a new competitive track for the League of Legends auto chess spinoff and allow the best players in the world to compete for their part of a $200,000 prize pool.

Netflix Pledges $100 Million To Support Hourly Workers Amid Production Shutdowns

Streaming giant Netflix has announced it has created a $100 million fund to help assist people in the entertainment world whose jobs have been impacted by the numerous movie and TV show production closures due to COVID-19 (coronavirus).In a blog post, Netflix's Ted Sarandos said that TV and film production businesses have been devastated by the virus. He mentioned that "almost all" TV and movie productions have now closed down, leaving "hundreds of thousands" of cast and crew out of work.People who are paid hourly wages have been particularly impacted,