Lionsgate Invests in Leading eSports Franchise Immortals

VANAPHASE™ the Vanadium powerhouse!

SANTA MONICA, Calif., Jan. 10, 2017 /PRNewswire/ — Reflecting its continued focus on the potential of the eSports market, Lionsgate (NYSE: LGF.A, LGF.B), a premier next generation global content leader, announced today that it has invested in leading eSports franchise Immortals.  The Company joins a consortium of world-class investors that includes financier and philanthropist Michael Milken and previous investors Steve Kaplan, co-founder of Oaktree Capital and co-owner of The Memphis Grizzlies and the Premier League’s Swansea City, investor Gregory Milken, Third Wave entrepreneur Allen DeBevoise and CrossCut Ventures, among others.

The Immortals currently compete worldwide for over 200 million fans in League of Legends, Counterstrike GO, Overwatch and Super Smash Brothers.  The eSports market is projected to grow to over $1 billion by the end of next year, and the League of Legends World Championships were played at a sold-out Staples Center in Los Angeles this past year.

“We’re delighted to be an early mover in a market that has the potential to transform the face of sports entertainment,” said Lionsgate President of Interactive Ventures & Games Peter Levin.  “Our involvement in eSports creates tremendous opportunities to develop new content and utilize our suite of distribution platforms for a coveted consumer demographic with compelling engagement metrics.  Collaborating with an elite group of partners, the combination of the Lionsgate and Immortals brands will be formidable.”

“Lionsgate joins a dream team of media, tech and traditional sports partners who share our vision of building a dynamic Immortals organization and a strong e-sports foundation,” said Immortals Chairman and CrossCut Ventures Managing Director Clinton Foy.  “What we’re doing today in eSports is like the early days of building the NFL and NBA.  It’s not the evolution of games – it’s the evolution of sports, technology and media.”

“Lionsgate is the perfect entrepreneurial partner for our Immortals family,” said Immortals CEO Noah Whinston.  “Immortals and Lionsgate are both focused on developing new entertainment formats, and we’re thrilled to collaborate with them at the cutting edge of eSports media.”

Lionsgate’s investment in Immortals is the latest step in the Company’s eSports initiative.  Last year Pilgrim Media Group, in which Lionsgate is a majority investor, announced that it was partnering with ESL, the world’s largest eSports promoter, to create original eSports entertainment content for television and digital platforms.  Their first collaboration, in partnership with Microsoft, will be centered around the iconic gaming brand Halo.  Lionsgate was also an early investor in live streaming mobile gaming platform Mobcrush.

YogaOutlet.com

Leave a Reply

Animation/Anime Interviews Animation/Anime News Animation/Anime Reviews Film/TV Interviews Film/TV News Film/TV Review
Wolfman's Got Nards
Cinepocalypse 2018 Review: ‘Wolfman’s Got Nards’

The harsh reality of the movie business is that films often...

The Bill Murray Stories: Life Lessons Learned From a Mystical Man
Cinepocalypse 2018 Review: ‘The Bill Murray Stories: Life Lessons Learned From a Mystical Man’

We’ve all heard the stories in one form or another. Bill...

Invincible
Amazon Studios Greenlights Invincible from The Walking Dead Creator Robert Kirkman

Amazon Studios greenlights Invincible, from The Walking Dead creator Robert Kirkman,...

Enabled Gaming Gaming News Gaming Reviews
LGBTQ Video Game Archives
Temple Professor Helps Launch First Exhibit of LGBTQ Video Game Archives

Temple University’s Dr. Adrienne Shaw is serving as a curator in her role...

Talking Tom Jetski2
Take a Virtual Beach Break with Talking Tom Jetski 2

Outfit7 celebrates 8 billion downloads of its mobile games with the...

PowerA Xbox One
Up Your Game with New Enhanced PowerA Xbox One Controllers

Up your game and get ready for the upcoming Xbox Exclusive...

Comic Creator Interviews Comic/Graphic Novel News Comic/Graphic Novel Reviews Manga News Manga Reviews Novel/Novella Author Interviews Novel/Novella News Novel/Novella Reviews
Batman / The Maxx: Arkham Dreams
Sam Kieth Makes Long-Awaited Return to The Outback in Batman / The Maxx: Arkham Dreams

SAN DIEGO, CA and BURBANK, CA (June 21, 2018) – Batman...

Wrestling Writer Legends Bill Apter & Gary Morgenstein Announce, ‘The Last Wrestler’

To names that are synonymous with professional wrestling journalism and well...

thousand year beach
The Thousand Year Beach – Viz Media Debuts Acclaimed Sci-Fi Novel

“The Thousand Year Beach presents an idyllic virtual world, still running...

Apparel/Personal Maintenance News Apparel/Personal Maintenance Reviews Entertainment Product News Entertainment Product Reviews Food/Beverage Reviews Hardware News Hardware Reviews Mystery Box News Mystery Box Reviews
Solo Lightweight Backpacks
Solo Lightweight Backpacks for the Late Summer Heat

Beat the heat with the new line of Solo lightweight backpacks: Peak,...

Out Of Space on Your Xbox One? Fantom Drives Has Your Back

Fantom Drives will ensure you have enough space on your Xbox...

New Toast Covers
A Toast to New Toast Covers, Now Covering More Than Tech

Raise your glasses for a toast to New Toast Covers for the...

Arena Football Automotives MMA, Kick Boxing & Boxing Professional Wrestling
Jeanie Buss & MGM TV Tags AXS TV to Broadcast WOW-Women of Wrestling Events

Jeanie Buss and MGM Television Tags AXS TV to Broadcast WOW-Women...

Kevin Belington Faces Martin Nguyen for the ONE FC Interim Bantamweight Title

From ONE FC – 07 June 2018 – Manila, Philippines: The...

Showtime to Air ‘Bipolar Rock ‘N’ Roller’ Mauro Ranallo Doc on May 25th

From Bellator MMA and Showtime – New York – April 30,...

Adult Continuity Comics on the Can Cultural Junk Drawer Future Comic Rock Stars Is That Racist? Revisiting the Reviled THAT'S NOT ROTTEN! The B-Reel The Cantina Scene This Week in Crowdfunding What the HELL Did I just...?
Iron Fist Racist
Is Marvel Iron Fist Racist? Part 2- Yeah…

After the casting controversy, two shows, and a guest appearance in Marvel...

Cultural Junkdrawer – Season’s end: The Flash season 4

CULTURAL JUNKDRAWER   SEASON’S END     THE FLASH Season 4...

Adult Continuity Issue #13 – Avengers XXX – A porn parody

I review AvengersXXX and make masturbation jokes. Be smart with your Fapdollar(tm);...

Event News Event Reviews
Mr. Mercedes Immersive Experience
AT&T Audience Network Bringing Mr. Mercedes Immersive Experience to SDCC

AT&T AUDIENCE Network to Bring ‘Mr. Mercedes Immersive Experience’ and Show...

Shout! Factory Anime Expo 2018
Shout! Factory Anime Expo 2018 Lineup Has Big Brands and Big Names

Shout! Factory Anime Expo 2018 lineup includes interactive fan activities, exciting...

Flavors of Youth
Netflix Premiering New Original Anime Flavors of Youth at AX2018

Netflix will host the world premiere screening of their new anime...

Gaming Uncensored Toon-In-Talk
Gaming Uncensored: Year in Review 2016

A look back at the year in gaming. Related

Gaming Uncensored Roundtable: December 2016

December’s roundtable discusses story in games with Chad, Josh, and Spencer....

Gaming Uncensored: Podcast #349

Jamie reflects on some of his time with the HTC Vive....

Music Interviews Music News Music Reviews
Crisis on Earth-X Soundtrack
Blake Neely Behind-the-Scenes Recording of Crisis on Earth-X Soundtrack

Check out this exclusive Behind-The-Scenes video with Blake Neely as he...

Rising Country Music Artist Kaylin Roberson Talks About her work with St. Jude

Kaylin Roberson is a singer, songwriter and pianist from Raleigh, North...

MTV Unveils Performers for ‘TRL Live’ on October 3rd at 3 p.m. E.T.

NEW YORK, NY (September 26, 2017) – MTV today announced that...

%d bloggers like this: