August
Company
Documents about August
Esports World Cup Foundation Partners With stc Group
The Esports World Cup Foundation has secured a partnership with the Riyadh-based telecommunications provider stc Group, designating the company as an elite and founding partner for the inaugural Esports World Cup.
- The Esports World Cup Foundation has named Riyadh-based stc Group as an elite and founding partner for the inaugural Esports World Cup.
- The Esports World Cup is scheduled to take place in Riyadh, Saudi Arabia, over an eight-week period starting July 3 and ending August 25, 2024.
- The event features a total prize pool of $60 million USD across a diverse range of titles, including Call of Duty, Dota 2, League of Legends, and Street Fighter 6.
Cloud9 Finalizing Deal With New York Subliners
North American esports organization Cloud9 is in the process of finalizing a partnership with the Call of Duty League (CDL) team, the New York Subliners.
- Cloud9 is finalizing a partnership with the Call of Duty League (CDL) team New York Subliners to represent the organization at the Esports World Cup in August.
- The partnership focuses on the Call of Duty: Modern Warfare III competition, with reports suggesting Cloud9 may consider a full acquisition of the team in the future.
- Cloud9’s interest in the roster is driven by financial incentives provided through the Esports World Cup Club Support Program, which rewards clubs for signing teams to compete in the multi-title event.
Bayes Esports Named Official Match Data Supplier of the Esports World Cup
Bayes Esports has been appointed as the exclusive official match data supplier for the Esports World Cup, a major international competition held in Riyadh, Saudi Arabia.
- Bayes Esports has been named the exclusive official match data supplier for the Esports World Cup, which takes place in Riyadh, Saudi Arabia, from July to August 2024.
- The partnership focuses on safeguarding match data integrity through the use of Bayes Esports’ proprietary technology, including its market monitoring service and data integrity policies.
- The Esports World Cup is a multi-game tournament featuring titles such as Counter-Strike 2, Dota 2, League of Legends, Call of Duty: Modern Warfare III, and others.
Call of Duty League Teams Get Direct Invite to Esports World Cup
All 12 teams within the Call of Duty League (CDL) have received direct invitations to participate in the Call of Duty: Modern Warfare III competition at the upcoming Esports World Cup in Riyadh, Saudi Arabia.
- All 12 Call of Duty League (CDL) teams have received direct invitations to compete in the Call of Duty: Modern Warfare III tournament at the Esports World Cup in Riyadh, scheduled for August 15–18, 2024.
- The Esports World Cup features a $20 million total prize pool for its overall club competition, with the top-performing organization receiving $7 million in addition to individual tournament winnings.
- While no CDL teams have officially confirmed their participation, organizations involved in the Esports World Cup Club Support Program—including FaZe Clan, 100 Thieves, G2 Esports, and OverActive Media—are considered likely candidates to attend.
SOOP Live Streaming Platform Officially Launches
SOOP, a global live streaming platform backed by the South Korean company AfreecaTV, officially launched in June 2024 across web and mobile applications.
- SOOP, a live streaming platform backed by the team behind South Korea-based AfreecaTV, has officially launched on web and mobile.
- The platform has secured broadcast rights for major esports titles, including Riot Games' VCT Pacific, Valorant Challengers Thailand, and the League of Legends EMEA Championship (LEC).
- SOOP will exclusively broadcast the Korean Baseball Organization (KBO) League for viewers outside of South Korea and host content from the Union Mondiale de Billard (UMB).
Call of Duty Games Confirmed for the Esports World Cup
The Esports World Cup, a major international tournament series held in Riyadh, Saudi Arabia, has officially confirmed the inclusion of Call of Duty: Warzone and Call of Duty: Modern Warfare III in its 2024 competition schedule.
- Call of Duty: Warzone and Call of Duty: Modern Warfare III have been confirmed as official titles for the 2024 Esports World Cup in Riyadh, Saudi Arabia.
- The Call of Duty: Warzone tournament is scheduled for July 3–6 and will feature a $1 million USD prize pool across 21 competing teams.
- The Call of Duty: Modern Warfare III competition will take place from August 15–18 with 16 teams competing for a $1.8 million USD prize pool.
Riot on Third-Party LoL Esports Events in 2025
Riot Games is adjusting its 2025 League of Legends global esports calendar to accommodate third-party tournament organizers.
- Riot Games will create a window in the 2025 League of Legends esports calendar in August, following the Mid-Season Invitational, to accommodate third-party events.
- While Riot has not confirmed participation in specific events, this scheduling adjustment provides space for teams to compete in third-party tournaments, such as the Saudi Arabian government-backed Esports World Cup.
- Riot maintains a hands-off organizational approach to third-party events but likely collects licensing fees for competitions run by outside entities.
Oxygen Esports Launches Quick Fix Media
Oxygen Esports has established a new division, Quick Fix Media, designed to function as an independent content and media incubator for the esports industry.
- Oxygen Esports has launched Quick Fix Media, an independent incubator designed to provide strategic and material support to esports media outlets.
- The incubator's first partnership is with Rocket League coverage sites ShiftRLE and Octane, which will continue to operate autonomously.
- ShiftRLE is launching the Shift Summer League, a competitive event for top European and North American Rocket League teams.
Our Industry News (03/06/24 - 09/06/24)
The publication serves as a concise industry briefing covering global gaming news from early June 2024. It highlights major events, market movements, and new releases that shape the sector’s current landscape.
- Workforce reductions continue across the industry, highlighted by Behaviour Interactive cutting 95 staff, Avalanche closing two of its five offices, and Take-Two exploring the sale of its Private Division label.
- GameStop stock experienced extreme volatility during the week, surging 134% before retreating to a price of $27.
- Sony signaled a strategic pivot away from dedicated VR hardware expansion by announcing a $60 PS VR2-to-PC adapter for August 7, effectively cooling expectations for a PS VR3.
PlayStation’s PC Revenue: Performance Analysis
Sony’s strategic expansion into the PC market has yielded significant financial returns, with total revenue from PC releases estimated at $830 million since August 2020.
- Sony has generated an estimated $830 million in PC revenue across 14 titles since August 2020, with over 28 million units sold on Steam.
- Helldivers 2 is the company's top-performing PC title, accounting for approximately 34% of total PC revenue with $282 million in earnings.
- Fiscal year 2023 PC earnings significantly outpaced the previous year, demonstrating a clear upward trajectory for Sony's multi-platform strategy.
Esports Awards Signs Three-Year Deal With Esports World Cup
The Esports Awards has entered into a three-year partnership with the Esports World Cup Foundation to relocate its annual ceremony to Riyadh, Saudi Arabia.
- The Esports Awards has entered a three-year partnership with the Esports World Cup Foundation to host its annual ceremony in Riyadh, Saudi Arabia.
- The 2024 edition of the Esports Awards is scheduled to take place on August 24 in Boulevard City, Riyadh.
- The event will feature a multi-faceted program including a red carpet, a Lifetime Achievement mixer, an Esports Village, and the awards ceremony.
Riot Reveals Format Changes to 2024 EMEA Masters Summer Split
Riot Games has implemented significant structural adjustments to the 2024 EMEA Masters Summer Split, responding directly to feedback from the League of Legends esports community regarding the original format announced in March.
- Riot Games has updated the 2024 EMEA Masters Summer Split format to include a 60-team tournament, a new Swiss Stage, and increased best-of-five (Bo5) match opportunities.
- The tournament will run from July 31 to August 30, 2024, featuring a three-phase structure consisting of a Last Chance Qualifier (LCQ), a Swiss Stage, and Playoffs.
- The LCQ will involve 32 teams competing in four single-elimination brackets from July 31 to August 2, with the top teams advancing to the Swiss Stage.