Video games have come a long way since the release of Asteroids by Atari back in 1979. Four decades later, they represent a billion-dollar play, far bigger than the music and movie industries combined. Could this behemoth get even bigger? You bet. So, what’s pushing this growth? Well, esports, for one. If you want to find out how, register for the upcoming XLIVE Esports Summit (http://nnw.fm/uGr7Q), scheduled for June 25-27, 2019, at Hudson Loft in downtown Los Angeles. Hudson Loft is a photo, film and event space located in the South Park district of Los Angeles, just two blocks east of the Staples Center and LA Live.
With more people watching gaming content than HBO, Netflix, ESPN and Hulu combined (according to SuperData), esports are now a major sector and engine of growth in the video games industry (http://nnw.fm/awY2K). With esports, video games have entered the competitive arena, and that competitive spirit is fueling the industry. The results are in the numbers. In 2019, the global esports market is expected to reach $1.1 billion in revenue, with $897.2 million (82 percent) drawn from expanded media rights, advertising and sponsorship.
For two days, XLIVE Esports Summit will bring together the leading organizations and executives at the forefront of the esports industry. This group will offer insight into how professional sports teams, players and global brands are contributing to the esports ecosystem. XLIVE Esports Summit will aim to help attendees make sense of investment options, brand partnerships, talent development, risk factors, scalability, technology implementation and much more.
The expanding esports ecosystem offers opportunity for all aspiring gamesmen and go-getters. Apart from teams and players, it encompasses game publishers, tournament organizers, streaming platforms, the media and, of course, the fans who follow their favorites and the money.
The money is good. For example, prize proceeds distributed to League of Legends players, so far, total around $68 million, while, for Counter-Strike: Global Offensive, the figure is closer to $76 million. However, these numbers pale in comparison to the $180 million awarded to players of the esports scene’s top game, Dota 2.
XLIVE Esports Summit is scheduled to get rolling with a kickoff party on Tuesday, June 25, from 6:00 p.m. to 8:00 p.m., at the Ace Hotel Poolside. All in attendance will be treated to canapés and craft beer, as well as ample opportunities to meet and greet team owners, players, game developers, sponsors and others. For wrap-up and review, a closing reception at a WNBA game, presented by MGM Resorts International, will be hosted at the Staples Center on Thursday, June 27.
For more information, visit the event’s website at http://nnw.fm/uGr7Q
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