The E-Sports World Is Starting to Teeter
NY Times
23-05-20 14:00
Interest in eSports in the US is declining as investors are pulling out and viewers are tuning out. The warning signs were there when Madison Square Garden owners failed to sell Counter Logic Gaming, and instead laid off many staff and merged what remained into another firm. Other groups are laying off staff and ending contracts with star players. Riot Games, developer of League of Legends and the organiser of the League Championship Series, which pits ten teams against each other in games being watched by millions, has generated billions, but the league has never been profitable, causing tension with investors. Last month, Riot admitted its missteps and sought to reassure investors. Some eSport groups are parting ways with many of their expensive League of Legends players, others are selling their teams at a loss.