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OverActive Media Closes $40M Investment, Montreal Canadiens Join Ownership Group 

Toronto-based esports company OverActive Media announced the second closing on their previously announced private placement, bringing the aggregate gross proceeds of their brokered and non-brokered financings to over $40M USD.   The parent company of three esports franchises, the Overwatch League’s Toronto Defiant, the Call of Duty League’s Toronto Ultra, and the MAD Lions, the current champions of the League of Legends European Championship (LEC), also announced that the National Hockey League (NHL) franchise Montreal Canadiens joined its ownership group as part of the funding. The Canadiens strategic investment in OverActive is their maiden voyage into the esports industry.   The company also announced that Phil Kessel of the Arizona Coyotes and Carl Hagelin of

Sakovits Pioneering a Place in Esports, Traditional Sports While Covering Soccer

The crossover of mainstream broadcast talent as it relates to covering both traditional sports and esports has been virtually non-existent. Nowhere do you see the likes of Erin Andrews, Joe Buck, Bob Costas, and Holly Rowe in the booth, so to speak, for both types of events. Instead, for whatever reasons, you see a separation with no crossing of the streams. However, those times may be changing. Fox Sport South’s Jillian Sakovits, who is a host and sideline reporter covering Major League Soccer’s Atlanta United FC, will also be a

HYPE GVA 2.0: Sport industry giants hand-pick startups for pilots

LONDON, April 1, 2021 /PRNewswire/ -- The much-awaited HYPE Sports Innovation Global Virtual Accelerator (GVA) 2.0 DRAFT Startup Selection LIVE sessions, took off with 52 top Sports Brands, Clubs, Leagues, Federations and Broadcasters, among them Under Armour, Bundesliga, the French Football Federation, leading soccer clubs across the world, DAZN, Rogers, Sinclair, and multiple teams from the NBA, NHL, MLB, MLS, and NFL all total covering 14 countries and more than 10 sports.  All of them have chosen to transform the experience they provide to their stakeholders. Continue Reading HYPE GVA 2.0:

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

D.C. Sports Veterans Ein, Fernandez In New $300 Million SPAC

The SPACs with sports executives keep coming. The latest is Capitol Investment Corp. V, a blank-check firm from Washington, D.C. sports veterans seeking $300 million in an IPO it filed to conduct. Capitol V is led by Mark Ein, an investor who owns MDE Sports, which runs the capital’s Citi Open tennis tournament, a regular stop on the top-level ATP Tour. Ein also owns the Washington Kastles, six-time champions of the World Team Tennis league, as well as the Washington Justice, an esports team competing in “Overwatch.” Ein is chairman and CEO of the SPAC. Among those

Edward: “In CS 1.6 I wanted to become the best player; in CS:GO I put the team first”

In part one, the Ukrainian ran us through some of the different phases he experienced under NAVI in his nearly decade-long stint with the organization and shared a few stories from his time there and from other past teams, such as pro100 and Virtus.pro in Counter-Strike 1.6. Edward talks teammates, age cap in CS:GO, and much more In the second portion of the interview, the topics shift towards Edward's life outside of esports and some more abstract concepts, such as the age cap in CS:GO and the role that a

2020 Videogame Spending Reaches Highest Level in 10 Years

Overall spending on total physical hardware, software and accessories, and digital console and PC content increased 25% over the same period in 2019, according to The NPD Group. In the most current quarter (July – September) sales were up 7% over the same time period last year. TORONTO (PRWEB) October 22, 2020 Overall spending on total physical hardware, software and accessories, and digital console and PC content increased 25% over the same period in 2019, according to The NPD Group. In the most current quarter (July – September) sales were

SwitchArcade Round-Up: Mario Madness, ‘NBA 2K21’ and Today’s Other New Releases, the Latest Sales, and More

Hello gentle readers, and welcome to the SwitchArcade Round-Up for September 4th, 2020. As many of you probably know by now, there was some pretty big news from Nintendo yesterday that came in a bit too late for our article yesterday. Oops! We cover that today, along with all of the latest releases and fresh sales. It’s a really big one today as a result of all of that, so let’s just get on with it, shall we? News ‘Super Mario Bros.’ 35th Anniversary Direct Delivers the Goods Naturally, just

Former Activision Blizzard Esports CMO Joins DC

Warner Bros. announced Monday that Daniel Cherry III, former chief marketing officer at Activision Blizzard Esports, has joined DC as its new senior vice president and general manager. This role created for Cherry will see him work alongside Jim Lee, chief creative officer and publisher at DC, with both reporting directly to  Warner Bros. Global Brands and Experience President Pam Lifford. Chery will officially take up the new role Sept. 7. Cherry joined Activision Blizzard Esports as part of a group of executive hires brought on from the sports and

Which Sports Fans Smoke The Most Weed? (Hint: It’s Not Baseball Or Basketball)

Although The Smiths frontman Johnny Marr once said America’s pastime was only worthwhile if cannabis was involved, many baseball fans don’t agree. According to a recent poll, baseball fans were the least likely to consume marijuana among all major sports. Fans of eSports, UFC, and Formula 1 Racing had a far friendlier relationship with cannabis.A recent Morning Consult poll surveyed between 252 and 1,269 self-identified fans of multiple major sports and how often they consumed vices, such as tobacco and cannabis. Although multiple sports leagues prohibit cannabis use and promotion,