ITS A BIG DEAL...
It's Friday, so it is time for the Avory Chart of the Week!
The rise of eSports has taken years to develop. With the improvements in computing power, eSports is now bigger than ever. Enjoy!
As we continue to aggressively pursue the eSports industry, we wanted to provide a follow-on to our eSports chart of the week from earlier this year. Our previous chart highlighted that gamers are expected to play 6.6 billion hours in 2018, up from 2.4 billion in 2013. All of that gameplay is leading to intense interest in highly competitive tournaments. Our excitement for the industry goes back years with our original investment in Electronic Arts. Today that excitement grows as the industry isn't solely a US phenomenon, but one that resonates globally across gaming genres and languages. With increased connectivity from players like Comcast (5G coming), distribution from Twitch, content from Electronic Arts /Activision, and other developments within the ecosystem, we only see an upward trajectory. To prove the interest, we are sharing our chart which shows viewerships of major eSports tournaments globally. The 2017 Extreme Masters tournament in Katowice Poland heeded 46 million viewers in 2017. This is a massive audience even when compared to events such as the 2018 Winter Olympics (19.8M), 2017 NBA Final Game (24.7M), and the 2017 Baseball World Series (18.9M). There are many ways to take part in the growth and we continue our discovery for unique undervalued opportunities.
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Sean D. Emory
Avory & Co. Founder & Chief Investment Officer
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