Menu
Esports

Report: Activision Blizzard Seeks $30-60M For OWL Expansion Teams

The 12 franchises in OWL's inaugural season, which began in January, paid $20M each for their slotsOWL

Activision Blizzard "will price expansion slots" for next season's Overwatch League between $30-60M as the game publisher "continues to negotiate with prospective buyers," according to sources cited by Jacob Wolf of ESPN.com. The exact price "will depend on several factors." Sources said that among the factors are "general population of the area where the team would be based and the number of players who play Overwatch within that region." Additionally, sources said that if a single market has "multiple interested buyers, the price is subject to being raised as those suitors bid against one another." The 12 franchises in OWL's inaugural season, which began in January, paid $20M each. Sources said that last summer, top North American esports organizations, such as Cloud9 and Immortals, were valued between $100-140M, and some organizations are "now valued" at around $160-200M. Activision Blizzard "will hope to sell anywhere from four to six expansion slots in the next season, with targets in North American and international cities." Sources said that several organizations, both endemic and non-endemic to esports, who did not buy in last year "have a fear of missing out on being included in the top franchised esports leagues" (ESPN.com, 5/10).

For more coverage of the business of esports, visit our partners, esportsobserver.com.

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2018/05/11/Esports/OWL.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2018/05/11/Esports/OWL.aspx

CLOSE