Investor pumps $50 million into Esports Championship series
This past week a Singapore-based martial arts promotor, ONE Championship, confirmed that they had decided to step into the constantly emerging Esports industry. They have done so by launching “ONE Esports” which will be Asia’s most extensive global Esports Championship.
ONE Championship is working alongside Japans biggest advertising agency, Dentsu, and have agreed to launch ONE Esports as a joint venture in 2019. Top players within the industry like Razer, Singtel, and many others have officially entered into partnership MOU (Memorandum of Understanding) with ONE Esports to grow and progress Asia’s Esports industry together.
It’s been announced that they intend to invest up to $50 million into the ONE Esports program to create Asia’s biggest Esports Championship Series that will be operating at a global level. This follows their previous announcement earlier in the year of an event scheduled for 2019 that will entail 30 events across many cities, some of which include; Singapore, Bangkok. Tokyo, Seoul, Beijing, and Shanghai.
They have ensured a heavy focus towards providing dedicated Esports content across its global media broadcast platform, reaching 138 countries, that will be available through live streams, video blogs, magazine shows and other unique forms of content.
Razer announced their partnership with One Championship via Twitter a couple of days ago, and it has since been confirmed that they’ll be working with eSports Mogul, their portfolio company, to provide everything towards the program ranging from technical support to event organisation and prize pool payments.
This news has come following an incredibly successful year for the Esports industry, and there is now a global trend of significant partnerships forming for Esports leagues, events and tournaments. With the global Esports revenue expected to reach $900 million this year, it appears we can look forward to exciting seasons of gameplay and content across multiple Esports titles.