TEO Monday Morning Briefing, 23/07/2018
A Swiss bank will enter League of Legends, Realm Royale is the latest battle royale to roll out its esports plan, and PUBG adds new features that might boost its competitive potential.
Missed any of the biggest esports business news last week? The TEO Monday Morning Briefing recaps the top headlines from the last seven days!
ECC and PBC Make Multi-Year Commitments to Collegiate League of Legends
The East Coast Conference (ECC) will introduce collegiate League of Legends as a sport to conference play, hosting its own seasons for 2019 and 2020, says Riot Games. The developer has also announced that the Peach Belt Conference (PBC) will extend its partnership to host three more seasons of College League of Legends for the 2019, 2020, and 2021 seasons.
Swiss Bank PostFinance Will Launch Esports Team in 2019
PostFinance has announced an ambitious esports initiative. Rather than sponsor an existing team, the Swiss bank will launch its own League of Legends squad on January 1, 2019. The bank will fully finance the team for one year, providing housing, coaching staff, and a 2.5K Swiss francs ($2.5K USD) monthly salary for each player. For its esports operations, PostFinance will partner with Swiss esports agency MYI Entertainment.
Hi-Rez Begins to Prep Realm Royale for Esports with Invitational Tournaments
Hi-Rez Studios is already pushing forward some of its plans for making its new battle royale game, Realm Royale, an esport—despite the fact that the game is still in an “alpha” state. Following the trend of recent Fortnite tournaments, Hi-Rez’s weekly Realm Royale Invitational will have players compete in duos while broadcasting live on their personal streams.
PUBG Launches Custom Match Open Beta, Adds New EU Servers
PLAYERUNKNOWN’S BATTLEGROUNDS is opening a custom mode to all players on its test servers, which could allow esports teams and tournament organizers to improve practice sessions, while experimenting with new rulesets. Meanwhile, Multiplay (a Unity-acquired company) has signed a deal with PUBG Corp. to host its European server infrastructure.
Tencent Wins $2.9M Lawsuit, ESIC to Regulate LVP Superliga Orange
In legal news, Tencent wins a $2.9M lawsuit against Mobile Legends developer, Moonton. Riot Games began the first lawsuit in California, which was dismissed before Tencent brought the lawsuit to Shanghai. Speaking of LoL, ESIC regulations are now in effect for the LVP Superliga Orange, meaning that the Spanish League of Legends competition will now follow ESIC’s code of conduct, ethics, and anti-corruption.
In major sponsorships and partnerships: Betting company Betway will sponsor the $1M FACEIT London CS:GO Major in September. Giant Food has teamed with a number of brands, including those of Procter & Gamble, to activate its deal with Wizard District Gaming. French esports organization Team Vitality will get development support from the National Institute of Sport (INSEP) as part of new agreement.
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