‘Awful Business’ Or The New Gold Rush? The Most Valuable Companies In Esports Are Surging [Forbes]
CAPCOM CO LTD UNSP/ADR (CCOEY)
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Source: Forbes
‘Awful Business’ Or The New Gold Rush? The Most Valuable Companies In Esports Are Surging I The video game lifestyle company has amassed 19 million social followers across YouTube, Twitter and Instagram, more than the Dallas Cowboys (7.2 million) and New York Yankees (6 million) combined. Last month, it hopped on the esports franchise trend, licensing its name to Atlanta Esports Ventures’s Call of Duty League The Atlanta FaZe partnership was the first of its kind for the 9-year-old company, which sponsors more than 40 individual video game players competing in six different gaming titles. FaZe Clan has a value of $240 million, landing it at No. 4 on the second annual Forbes ranking of the most valuable esports organizations. “I wouldn’t trade businesses with anyone else on this list,” said FaZe Clan’s co-owner and CEO, Lee Trink. He has a reason to be cocky. Video game competitions reach a global audience of 454 million with at least 190 million more expected to be watching in three y
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