Blitz Esports Closes Content Platform After Being Acquired By Discord

Blitz will no longer release content, resulting in eight of its employees being let go. Remaining Blitz employees team will transition to working on Discord’s new game store and Nitro subscription service. The Blitz League of Legends companion app is … Read More

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TEO Report: Esports Industry Sees Second-Best Quarter for Investments in Four Years

Q2 2018 was the second-best quarter for esports investments in four years, despite funding being down $1.57B quarter-over-quarter. Chinese livestreaming platform Huya’s $180M IPO lead the quarter in disclosed funding raised. Get a full breakdown of esports investments, market trends, … Read More

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April Esports Investment Recap: More Than $50M Invested, Discord Joins the Unicorn Club

March 2018 was record-breaking in terms of investments in esports-related companies. With Chinese giant Tencent Holdings being involved in a combined $1.1B in funding into streaming platforms Douyu TV and Huya, the esports industry’s most-invested company further tightened its grip … Read More

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TEO Monday Morning Briefing, 23/04/2018

Gamer’s favourite chat service, Discord, has raised another $50M, Paris Saint-Germain partners with a Chinese Dota 2 team, and a nationwide high school esports league is coming to the U.S. Missed any of the biggest esports business news last week? … Read More

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Chat App Discord Raises Another $50M, Now Valued at $1.65B

Discord raises $50M from existing investors, valuation raises to $1.65B. The games-friendly chat app has quickly become gamers’ favorite, outpacing Skype and Teamspeak. Lately, Discord partnered with several esports organizations, including Cloud9, Team Liquid, and DreamHack over verificated servers. In … Read More

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Esports Management Platform Guilded Lists Cloud9, KSV, and Overwatch League Teams Among Users

Guilded offers management tools for professional and amateur teams, including Discord integration. Its website lists several professional teams as current users including Team Liquid and Cloud9. Management resources are a valuable niche within esports and Guilded is poised to corner … Read More

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Discord Partners with Esports Organizations to Become Their Official Chat App

Discord, a popular chat application for gamers, has offered verified servers in its program for some time, but are now expanding to include esports teams and leagues. Fans will be able to visit servers to connect with their favorite teams … Read More

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