Activision Blizzard’s Overwatch League heats up with 6 new teams
World-leading game designer and publisher Activision Blizzard has announced the addition of six new teams to its Overwatch League. The Overwatch League is one of the world’s major eSport attractions, and the industry is shaping up fast. Earlier this year, eSports became a fixture at the Asian Games (Overwatch was one of the titles played), and there has even been talk of video games making an appearance at the Olympics. Activision Blizzard is leading the pack and looks set to become a global titan in competitive video gaming.
Activision Blizzard’s share price has appreciated by 17% so far this year
SOURCE: Yahoo Finance
Two Chinese teams (based in Chengdu and Hangzhou) have been added to the League, as have two Canadian teams (from Toronto and Vancouver). The remaining two teams are based in Washington and Paris. All of these new players will compete in the League’s 2019 season. After a spate of further additions last month, there are now 20 teams in total signed up to take each other on next year.
The company’s inaugural season ended in July, and was a big hit with players around the globe. The final was fought at the Barclays Centre in Brooklyn, New York, where the London Spitfire defeated the Philadelphia Fusion to win $1 million. (Don’t feel too bad for Fusion – second place comes with a prize of $400,000). The company has promised to share more information about the new teams and the coming season in the near future. In the meantime, Activision’s CEO Bobby Kotick was full of praise for the Overwatch League’s successes so far. He said:
“The Overwatch League’s inaugural season was a great success. This past season alone, fans spent 160 million hours watching the leading ‘Overwatch’ players in the world compete. We are thrilled to add eight new outstanding team owners from Europe, China, and North America to our Overwatch League ownership group. We now have 20 of the very best owners in professional sports.”
Dominion holds Activision Blizzard in its Global Trends Managed Fund.
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