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Long Story Short - Will professional videogaming fans outnumber traditional sports fans?
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Long Story Short - Will professional videogaming fans outnumber traditional sports fans?
Can we really call videogamers professional athletes?
(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the "Balanced" section)
He’s making about $300,000 a month, he has a fan base numbered in the millions, and he spends at least 12 hours a day playing on his computer. Tyler Blevins, better known by his Fortnite handle “Ninja”, is a superstar in the world of organized, competitive videogaming or eSports. eSports fans tune in via online streaming services to watch professional gamers like Ninja play their favorite videogames in real time. Certain tournaments can attract audiences in the tens of millions attending via live-streaming platforms like YouTube or Amazon’s Twitch to watch gamers compete for cash prizes of up to $25 million. The global appeal of this new form of entertainment has put eSports well on its way to becoming a billion-dollar industry this year. But can videogames really take market share away from traditional sports?
Viewership numbers are off the charts. It may seem like a strange concept to watch someone else play a videogame, but the appeal is undeniable. For example, the 2017 League of Legends World Championship generated $5.5 million in ticket sales and drew more than 80 million viewers, which is higher than the viewership for US professional baseball, soccer, and hockey finals. And this was only one of 588 major eSports events were held in 2017. In 2018, the same event had an even bigger crowd attracting almost 100 million viewers, which was just short of the Super Bowl’s viewership at 103 million. Unlike cricket or hockey, there is no cultural or geographic limit to the appeal of eSports making it difficult to assign an upper limit on the potential growth of this new industry.
Can eSports crossover to the mainstream? Last year, when Shaun White won his third gold medal for men’s halfpipe at the PyeongChang Winter Olympics it was one of the most watched events at the games. However, it was not so long ago that snowboarding was just another fringe extreme sport born out of 90s counterculture. In the upcoming 2020 Olympic games, sport climbing and surfing will become welcome additions to the growing portfolio of events. Would it be so strange for eSports to one day become an Olympic event as well?It’s not a real sport. Even by the most liberal definitions of sport, it’s a bit of a stretch to lump videogames in with basketball and hockey. There’s no doubt that eSports has gained rapid popularity, but are people really substituting traditional sports for eSports? Intuitively, it seems that traditional sports and eSports appeal to separate demographics. It makes more sense that growth in eSports would take its market share from the broader entertainment industry rather than from professional sports specifically.
The biggest hurdle to being considered a real sport. Putting aside the debate of what constitutes a sport, there is a separate reason why the International Olympic Committee (IOC) has already rejected early proposals to include eSports the games. Thomas Bach, the President of the IOC, expressed that esports were simply too violent to be considered. This may sound hypocritical coming from Mr. Bach, who has an Olympic gold medal in fencing, but he reasons, “Of course every combat sport has its origins in a real fight among people. But sport is the civilized expression about this”. This may just be one hurdle too tall for eSports given guns and killing are a central component of the most popular games like Fortnite and Call of Duty.Trending Hot. Activate, a technology and media consulting firm, estimates that in 2016 there were 270 million esports fans around the world, and projects that by 2020 that number will grow to 495 million. Indeed, the growth of this new industry has been explosive. eSports could easily become one of the most important trends in tech and media in the coming years.
Sources:
With Viewership and Revenue Booming, Esports Set to Compete with Traditional Sports, Syracuse University, January 18, 2019
Esports Trends Report, GlobalWebIndex
Esports 'too violent' to be included in Olympics, BBC News, September, 4 2018
Activate Tech and Media Outlook 2017, Activate, October 25, 2018
Living The Stream, Elaine Teng, ESPN The Magazine, September 18, 2018
New York teen earns six figures from video games and related income, Peter Holley, The Washington Post, May 18, 2019
The Rise of Live-Streamer Style, Luke Winkie, The New York Times, April 25, 2019
What is eSports? A look at an explosive billion-dollar industry, AJ Willingham, CNN, August 27, 2018
Here’s why esports can become a billion-dollar industry in 2019, Annie Pei, CNBC, January 21, 2019 Vuzix Corporation
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Scripps (SSP) - Lowering price target, 05/14/2019 Research - Avino Silver & Gold (ASM) - First quarter results, updating estimates, 05/13/2019 News - Will Green Dreams Turn Into Coal’s Nightmare?, 05/13/2019 Research - Information Services (III) - First quarter 2019 results, 05/13/2019 Research - Ducommun (DCO) - Rating changed to Market Perform, 05/13/2019 Research - Energy Fuels (UUUU) - Weaker than expected first quarter results, 05/13/2019 Research - Seanergy (SHIP) - Rating updated to Market Perform, 05/13/2019 Research - Salem Media (SALM) - First quarter comes in as expected, 05/13/2019 Research - Trovagene (TROV) - First quarter 2019 update, 05/10/2019 Research - Tegna (TGNA) - Raising price target, 05/10/2019 Research - Dyadic (DYAI) - More deals appear likely., 05/10/2019 Research - Cumulus Media (CMLS) - First quarter over delivers, 05/10/2019 Research - One Stop Systems (OSS) - First quarter revenue miss, 05/10/2019 Research - Gray Television (GTN) - Exceeds Q1 Expectations, 05/09/2019 Research - Eagle Bulk Shipping (EGLE) - Another solid quarter of outperformance, 05/09/2019 Research - DLH (DLHC) - Tweaking estimates slightly, 05/09/2019 Research - IEC Electronics (IEC) - Delivering Consistent Organic Growth, 05/09/2019 Research - Harte-Hanks (HHS) - First quarter 2019 update, 05/09/2019 Research - Tribune Publishing (TPCO) - First quarter better than expected, 05/09/2019 Research - Kratos Defense (KTOS) - 1Q19 Above Expectations, 05/09/2019 Research - Townsquare Media (TSQ) - Digital business flourishes, 05/08/2019 Research - Vectrus (VEC) - First quarter 2019 update, 05/08/2019 Research - electroCore (ECOR) - Initiation of Coverage, 05/08/2019 News - Cell Cycle Regulators as Cancer Therapeutics, 05/08/2019 Research - Dyadic (DYAI) - Another licensing agreement, 05/08/2019 Research - Entravision (EVC) - Update on full year 2018 results, 05/08/2019 Research - KeyW (KEYW) - First quarter 2019 results, 05/08/2019 Research - DLH Holdings (DLHC) - Second quarter 2019 Review, 05/08/2019 Research - TherapeuticsMD (TXMD) - First quarter 2019 earnings update, 05/07/2019 Research - Ducommun (DCO) - First quarter 2019 review, 05/07/2019 Research - Endeavour Silver (EXK) - Rating lowered to Market Perform, 05/07/2019 Research - Genie Energy (GNE) - Increasing estimates; strong results, 05/07/2019 Research - Coeur Mining (CDE) - Review of first quarter 2019, 05/03/2019 Research - ACCO Brands (ACCO) - Raising price target, 05/03/2019 News - Game of Thrones: Energy Battles, 05/03/2019 Research - Aurania Resources (ARU.V) - Drilling results analysis, 05/03/2019 Research - Albany International (AIN) - First quarter 2019 review, 05/02/2019 Research - Great Lakes Dredge & Dock (GLDD) - Strong third quarter, 05/01/2019 Research - 1-800-Flowers.com (FLWS) - Fiscal 3Q19 Update, 05/01/2019 Research - Comtech (CMTL) - Analysis of new contract and acquisition, 04/30/2019 Research - Scorpio Bulkers (SALT) - First Quarter 2019 Review, 04/30/2019 Research - Dyadic (DYAI) - Expanding partnership portfolio, 04/30/2019 Research - TherapeuticsMD (TXMD) - Assumption of Coverage, 04/29/2019 Research - Coeur Mining (CDE) - Updating estimates, 04/26/2019 Research - Genprex (GNPX) - Initiation of Coverage, 04/26/2019 News - Tax Cuts and Jobs Act: Are we better off?, 04/26/2019 News - Blockchain for Business: Worth the Hype?, 04/25/2019 Research - KeyW (KEYW) - Announces Definitive Merger Agreement, 04/23/2019 Research - Aurania Resources (ARU:CA) - Appoints new CFO, 04/23/2019 News - Uranium Imports: Trade War Goes Nuclear, 04/22/2019 News - Does A 70% Top Marginal Tax Rate Make Sense?, 04/18/2019 News - Boeing 737 MAX: Is it safe to fly? , 04/17/2019 Research - Avino Silver & Gold (ASM) - Mine exploration provides optimism, 04/17/2019 Research - Sierra Metals (SMTS) - Full year projection estimates, 04/17/2019 Research - Vectrus (VEC) - Award is a big win, 04/17/2019 IPO Podcast Series: Drug Disruption, 04/16/2019 Research - Cumulus Media (CMLS) - , 04/16/2019 Research - Coeur Mining (CDE) - First quarter production results, 04/15/2019 Research - Endeavour Silver (EXK) - Waiting for a turnaround, 04/15/2019 Research - Dyadic (DYAI) - Nasdaq Up-Listing Approved, 04/15/2019 Research - Scorpio Bulkers (SALT) - Liquidity boost; adjusting estimates, 04/12/2019 Research - Great Panther Silver (GPL) - Production numbers slightly lower than expected, 04/11/2019 Research - Aurania Resources (ARU:CA) - Another promising copper target, 04/10/2019 News - Could renewables supply 50% of all generation? How about 80%?, 04/05/2019 Research - One Stop Systems (OSS) - Initiation of Research Coverage, 04/04/2019 News - Stock Buybacks: Good, evil, or maybe something in between?, 04/03/2019 Research - Prize Mining (PRZ:CA) - Behind the recent deal, 04/03/2019 Research - Aurania Resources (ARU:CA) - Updates on copper production, 04/03/2019 News - Macular Edema: The search for the cure continues, 04/02/2019 Research - Trovagene (TROV) - Update on data readout, 04/02/2019 Research - Trovagene (TROV) - Updated prostate cancer data, 04/02/2019 Research - Sierra Metals (SMTS) - 2018 full year recap, 04/01/2019 Research - Albany International (AIN) - Appoints new CFO, 04/01/2019 Research - Pyxis Tankers (PXS) - 2018 financial update, 03/29/2019 Research - Dyadic (DYAI) - 2018 full year update, 03/28/2019 Podcast Launch: The Science of Investing in Biotechs, 03/28/2019 A Video Introduction to Enochian Biosciences, 03/28/2019 Official Trailer: NEW Podcast Series- Icons of Business, Leaders of Emerging Companies, 03/26/2019 Research - Information Services (III) - Favorable risk/reward moving forward, 03/25/2019 Research - Torchlight Energy - Strong updates on project estimates, 03/25/2019 Research - 1-800-Flowers.com (FLWS) - Investor Day Highlights, 03/25/2019 Research - Prize Mining (PRZ:CA) - Initiation of Research Coverage, 03/25/2019 News - The Case for Dr. Copper: New Sources of Demand are Positive for Copper, 03/25/2019 Research - Cumulus Media (CMLS) -- Raising Price Target, 03/22/2019 Research - Pangaea Logistics (PANL) - Business Model/Strategy Shine, 03/22/2019 Research - Seanergy (SHIP) - What do the results show?, 03/21/2019 Research - E.W. Scripps - Analysis of recent acquisitions, 03/21/2019 Research - ProMIS Neurosciences (PMN:CA) - Potential opportunity in Alzheimer's , 03/21/2019 Research - Genie Energy (GNE) - Initiation Report, 03/20/2019 Research - E.W. Scripps (SSP) - Acquiring stations, building portfolio, 03/20/2019 Research - Tegna (TGNA) - Acquisition highlights, 03/20/2019 Research - Information Services (III) - 2019 growth possibilities, 03/18/2019 Research - Tribune Publishing (TPCO) - Behind the numbers , 03/18/2019 Research - Harte-Hanks (HHS) - The focus towards growth, 03/15/2019 Research - Information Services (III) - Q4 review; the full story, 03/15/2019 News - Artificial Intelligence: Can an algorithm do what you do?, 03/14/2019 Research - Townsquare Media (TSQ) - Quarter over delivers, 03/14/2019 Research - Tribune Publishing (TPCO) - Looking forward into 2019, 03/14/2019 Research - KeyW (KEYW) - What will drive 2019 performance?, 03/13/2019 Research - Townsquare Media (TSQ) - Revenues surprise, 03/13/2019 Research - Salem Media (SALM) - Looking past the first quarter 2019, 03/13/2019 Research - Energy Fuels (UUUU) - Updating estimates, 03/13/2019 News - CRISPR-Cas9: Editing away sickness, 03/13/2019 Research - Gannett (GCI) - Favorable risk/reward, 03/12/2019 Research - Comtech Telecommunications (CMTL) - Deeper dive in 2Q19 results, 03/12/2019 Research - Euroseas (ESEA) - Lowering Price Target, 03/12/2019 Research - Aurania Resources (ARU:CA) - New drilling has commenced, Funding secured, 03/11/2019 Research - Great Lakes Dredge (GLDD) - Investor Meeting Highlights, 03/11/2019 News - Green New Deal: Environment Savior or Economy Destroyer?, 03/08/2019 Research - McClatchy (MNI) - Outlook for 2019, 03/08/2019 Research - Trovagene (TROV) - 2018 full year update, 03/08/2019 News - Do We Need to Prepare for War in Space?, 03/07/2019 Research - Eagle Shipping (EGLE) - Long-term outlook positive, 03/07/2019 Research - Comtech (CMTL) - Exceeds 2Q quarterly expectations, 03/07/2019 Research - Kratos Defense (KTOS) - Drone prospect takes flight, 03/07/2019 News - DNA Data Storage: The Future of Informatics, 03/06/2019 Research - Genco Shipping (GNK) - 4Q18 Results Surprise , 03/06/2019 Research - E.W. Scripps (SSP) - Raising Price Target, 03/05/2019 NobleConXV Panel - Marketing Early-Stage Natural Resource Companies to Investors, 03/05/2019 Research - Tegna (TGNA) - Looking towards subscriber growth in 2019, 03/04/2019 Research - Great Panther Silver (GPL) - Expectations in line, 03/04/2019 Research - Kratos Defense (KTOS) - Acquisition announced, 03/01/2019 Research - Gray Television (GTN) - 2018 full year results, 03/01/2019 Research - Avino Silver (ASM) - Increasing 2019 estimates, 03/01/2019 Research - Ducommun (DCO) - 2018, the inflection year, 03/01/2019 News - Merger Mania Hits the Mining Space, 03/01/2019 News - Electric Cars: Time to plug in?, 02/28/2019 News - Could the US Have More Oil than the Saudis?!, 02/27/2019 News - Cannabiz: Growing Like a Weed, 02/26/2019 Research - Cumulus Media (CMLS) - Earnings preview, 02/26/2019 News - Legalizing Sports Gambling: Place Your Bets, 02/25/2019 News - Alzheimer’s, Cannibals, and the Scientist Who Saw the Connection, 02/22/2019 Research - Cumulus Media (CMLS) - Raising price target, 02/14/2019 News - High-yield bonds: Trash or Treasure?, 02/13/2019 News - Trump vs Obama: Who did the first two years better?, 02/12/2019 A MUST WATCH - panel of key opinion leaders - a cure for diabetes, 02/11/2019 The business of cannabis - WATCH an industry panel break it all down, 02/11/2019 WORTH READING - Electric Cars, OPEC Today, FED Impact, 02/11/2019 Channelchek in Forbes - referenced as a gatekeeper for emerging growth companies, 02/11/2019 NobleConXV Keynote Address, 02/05/2019 NobleConXV Webcasts, 02/04/2019 News - The Great Wall of America, 01/24/2019 News - Is OPEC still king of oil?, 01/24/2019 News - End of an Era: Sears Struggles to Survive, 01/23/2019 News - Buybacks: Who benefits?, 01/21/2019 News - Robinhood: Could it steal customers from the banks?, 12/31/2018 News - Holiday Havoc: Why December turned into a tough time for investors, 12/27/2018 News - The Fed raised its rates, now what?, 12/19/2018 News - Polo-like kinases inhibitors are novel drug targets of cancer therapeutics, 12/14/2018 News - Can manufacturing keep up with demand for biologic drugs?, 12/04/2018 News - HIV - Could there be a cure?, 12/01/2018 News - Gold - Trending Up?, 11/27/2018 Welcome to Channelchek video, 11/20/2018 News - Cancer - Harnessing the power of immune system, 11/15/2018 News - Cancer - Gene therapy, what the future holds, 11/15/2018 News - Alzheimer’s - The race to a better treatment, 11/15/2018 News - Trump – Is he right to withdraw from INF?, 11/15/2018 News - Cancer – Is combination therapy the answer?, 11/15/2018My Favorites
