78
Microsoft may lose $120 million due to the Overwatch League shutdown (www.windowscentral.com)
submitted 11 months ago by nanoUFO@sh.itjust.works to c/games@sh.itjust.works
11 comments fedilink hide all child comments
all 12 comments
sorted by: hot top controversial new old
[-] Fishytricks@lemmy.world 25 points 11 months ago

120mil? That’s pocket money for them.

[-] lolcatnip@reddthat.com 4 points 11 months ago

A few hundred million here, a few hundred million there, and pretty soon you're talking about real money.

[-] spudwart@spudwart.com 1 points 11 months ago

We can only hope

[-] Whirlybird@aussie.zone 8 points 11 months ago

Worth pointing out that while Microsoft will pay each of the 20 teams $6mil if the league dissolves, each of those teams paid Microsoft (well ABK) $7.5mil to enter.

[-] conciselyverbose@kbin.social 7 points 11 months ago

This is reasonable, but it does seem weird to me that they can vote to disband and be entitled to the payout still.

[-] autotldr@lemmings.world 1 points 11 months ago

This is the best summary I could come up with:

That adds up to $120 million in total, and with Activision Blizzard now under Microsoft's wing, that money will ultimately come from its checkbook.

The writing for the Overwatch League has arguably been on the wall for some time, as it struggled to maintain its initial success and momentum past shifts away from esports and the onset of the COVID-19 pandemic in 2020.

These disruptions led to the cancellation or restructuring of matches held at venues across the United States that fans could attend, and excitement for the league waned over time.

Earlier this year, most Overwatch League teams employed the British law firm Sheridans to represent them and hammer out an agreement with Activision Blizzard.

As for the future of Overwatch esports, Activision Blizzard is expected to work with ESL FACEIT Group to handle the 2024 season, according to sources familiar with the plans.

This news came alongside BlizzCon 2023, during which developer Blizzard showed off several planned upcoming releases for its biggest titles.

The original article contains 408 words, the summary contains 165 words. Saved 60%. I'm a bot and I'm open source!

[-] Zellith@kbin.social -4 points 11 months ago

Why is this news?

[-] simple@lemm.ee 16 points 11 months ago

Why wouldn't it be?

[-] UrPartnerInCrime@sh.itjust.works 7 points 11 months ago

Gamers: E-Sports are the future!

Pretty big E-Sports news happens

Gamers: and? Who cares?

[-] Whirlybird@aussie.zone -1 points 11 months ago

Most gamers think esports are garbage.

[-] UrPartnerInCrime@sh.itjust.works -1 points 11 months ago

Most gamers think you're garbage

this post was submitted on 06 Nov 2023
78 points (91.5% liked)

Games

16455 readers
613 users here now

Video game news oriented community. No NanoUFO is not a bot :)

Posts.

  1. News oriented content (general reviews, previews or retrospectives allowed).
  2. Broad discussion posts (preferably not only about a specific game).
  3. No humor/memes etc..
  4. No affiliate links
  5. No advertising.
  6. No clickbait, editorialized, sensational titles. State the game in question in the title. No all caps.
  7. No self promotion.
  8. No duplicate posts, newer post will be deleted unless there is more discussion in one of the posts.
  9. No politics.

Comments.

  1. No personal attacks.
  2. Obey instance rules.
  3. No low effort comments(one or two words, emoji etc..)
  4. Please use spoiler tags for spoilers.

My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.

Other communities:

Beehaw.org gaming

Lemmy.ml gaming

lemmy.ca pcgaming

founded 1 year ago
MODERATORS
nanoUFO@sh.itjust.works