The esports industry is responsible for roughly $975 million in revenue in 2020 and is expected to jump to $1.6 billion by 2023, according to data from Statista. There would be no revenue to boast of without the talent competing in the various game titles, and with the talent generating significant incomes for themselves, there […]
During his playing days, Andrei Kirilenko (AK47) was wurthless on the basketball court. He was a first round pick of the Utah Jazz and played for over a decade in the NBA. In retirement, Kirilenko has served as the commissioner of the Russian Basketball Federation. Part of his role in serving as commissioner has been […]
Is the word “RIOT” now so attached to the company Riot Games that no other company can use the word in its name? Riot Games seems to think so based on its recent initiation of a lawsuit in the U.S. District Court for the Central District of California.
Zachary Zaggar of Law360 recently wrote an article titled, “Riot ESports League Looks To Align With Traditional Sports.” A subscription is required to read the full article. Therein, the discussion surrounded the League of Legends developer and publisher deciding to adopt a franchise model. The assumption is that it is trying to frame esports in a […]
It was very exciting to read that the BITKRAFT Esports Ventures fund announced a raise of 18 million Euro with a target close of 30 million Euro. The news broke this morning, which I reported on Forbes, and as you will note, there is a disclosure indicating that HEITNER LEGAL assisted in the diligence for one […]
ESports, also known as competitive gaming, has gone from an industry mostly featuring amateurs to an industry with professional players and now even includes the creation and maintenance of professional teams. Professional gamers on teams may receive a salary, tournament prizes and team sponsors sometimes cover travel expenses as well as gaming hardware. On top of […]