Asian gaming lifestyle platform Talon Esports (TALON) and French football powerhouse Paris Saint-Germain (PSG) have announced the conclusion of their long-standing League of Legends partnership. The move comes as both organizations realign their strategic priorities. Originally formed in June 2020 under the moniker PSG Talon, the collaboration combined PSG’s international brand recognition with TALON’s competitive pedigree across Asia’s esports scene. Over four years, the alliance yielded impressive competitive results—including four World Championship qualifications and seven championship trophies in the Pacific...

On Dec. 12, the Communist Party of China‘s Central Commission for Discipline Inspection (CCDI) announced that 67-year-old Gou Zhongwen had been expelled from the party and dismissed from public office for several severe disciplinary and legal violations, including corruption, abuse of power, and dereliction of duty during his time as the minister of the Chinese General Administration of Sport from 2016-2022. “After investigation, Gou Zhongwen’s behavior severely damaged the political ecosystem of Chinese sports, and caused huge economic loss,” CCDI...

Microsoft's research division is teaming up with iRacing, the leading sim racing platform, to explore the development of advanced artificial intelligence models that could revolutionize virtual racing and have broader implications for AI applications in physical and virtual environments. Strategic Collaboration on AI and Large Action Models Announced on November 25, 2024, the partnership focuses on creating Large Action Models (LAMs), a subset of AI foundation models designed to perform complex tasks in dynamic settings. These models aim to enhance...

NIP Group Inc. (NASDAQ: NIPG) reported robust financial results for the first half of 2024, showcasing significant growth in event production revenue and a marked reduction in net losses. The company's strategic shift toward diversifying revenue streams and optimizing costs appears to be paying off. Financial Highlights Total Net Revenues: Reached $39.3 million, a 2% increase from $38.6 million in the same period last year. Event Production Revenue: Skyrocketed by 376.5% year-over-year to $8.7 million. Net Loss: Narrowed by 59%...

  DouYu International Holdings Limited (Nasdaq: DOYU), a game-centric live-streaming platform, reported a significant drop in its third-quarter earnings, reflecting challenges in the live-streaming industry and a shifting focus toward revenue diversification. DouYu announced that its total net revenues for the third quarter ended September 30, 2024, decreased by 21.8% year-over-year to ¥1.06 billion RMB ($146.3 million USD), down from ¥1.36 billion ($187.7 million) in the same period last year. The company's net income plunged to ¥3.4 million ($0.5 million),...

Riot Games announced on November 16 that it will move the English broadcast of the League of Legends Pro League (LPL) to a co-streaming-only model, effectively suspending its official English-language coverage. The decision marks a significant shift in how international audiences will engage with China’s premier League of Legends competition. “While there won’t be an official broadcast in the traditional sense, we’re committed to ensuring fans have options to catch up on the action,” Riot Games stated on its official...

GameSquare Holdings, Inc. (NASDAQ: GAME) announced a record third-quarter revenue of $26.4 million for 2024, marking a 10% year-over-year increase compared to pro forma results from the same period last year. The esports and digital media company reported significant improvements in adjusted EBITDA losses. "GameSquare delivered strong third-quarter financial results that were in line with our pre-announcement," said Justin Kenna, CEO of GameSquare. "These results reflect the strategies underway to drive organic sales growth, complete the integration of our recent...

OverActive Media (TSXV: OAM) (OTC: OAMCF), a global esports and entertainment company, announced yesterday that it has secured a new long-term partnership agreement with Riot Games. This agreement ensures OverActive's continued participation in the League of Legends EMEA Championship (LEC), Europe's premier esports league, and eliminates $2 million in franchise payables previously due in 2025. Solidifying Market Position Originally awarded an LEC franchise in 2018, OverActive Media's renewed partnership with Riot Games strengthens its foothold in one of the most...

As the Asian Esports Games (AEG) 2024 approaches, Mobile Legends: Bang Bang (MLBB) is set to be the exclusive esports title for the women's competition. Organized by the Thailand Esports Federation (TESF) and sanctioned by the Asian Electronic Sports Federation (AESF), the event will take place from November 25 to 27 in Bangkok, Thailand. This year's competition will feature an unprecedented 20 regional women's teams, representing Southeast Asia, South Asia, Central Asia, and the Middle East. "The representation of 20...

Guild Esports PLC, the London-listed esports organization co-owned by former soccer star David Beckham, announced the completion of its asset sale to California-based DCB Sports LLC. The transaction marks a significant turn for Guild Esports, which has struggled financially since its much-publicized initial public offering (IPO) in 2020. DCB Sports Acquisition Details DCB Sports has acquired 100% of Guild Esports' assets, including the Guild brand, in exchange for assuming all disclosed liabilities exceeding £2M ($2.6M) and making an immediate cash...