GameStop sells Kongregate to MTG

1 kongagregjpg GameStop sells Kongregate to MTG

Swedish media company Modern Times Group (MTG) has acquired games portal Kongregate from GameStop. The US retailer acquired the company in 2010, but has now parted ways with a payment of $55m. Kongregate currently boasts around 14m monthly active users across its extensive library. It employs around 80 people. MTG …

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Twitch secures Blizzard streaming rights

1 twitchblizztourjpg Twitch secures Blizzard streaming rights

Online video giant Twitch has announced that it has secured a global two-year deal for exclusive streaming rights for over 20 Blizzard eSports events. The agreement secures coverage of major titles including Hearthstone, Heroes of the Storm, World of Warcraft, StarCraft II and Overwatch and, according to Twitch, reflects Blizzard …

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Tencent unveil a five year, $15b plan for Chinese esports

tencentjpg Tencent unveil a five year, $15b plan for Chinese esports

Tencent, the monolithic Chinese internet giant, have shown off a five-year plan to invest $15b into the Chinese esports market. The plan was reported by Chinese media outfit Caixin, but hinted at in the company’s end of year financials for 2016 back in March. It’ll see Tencent supporting its own …

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