Internet
eSports Competitions are Becoming a Popular Phenomenon as Cash Prizes Grow
(TSX-V: ESPT) announced yesterday that, "it has entered into an agreement to acquire Victor's Gold. Victor's Gold is a game mode development company, which provides operators with a platform to run unique events in managed esports titles.
Victor's Gold provides P2P tournaments and game modes to monetize in-game events that can occur on a consistent basis. Victor's Gold introduced a distinct game mode, 'Mercs' for Counter-Strike which is compatible with most popular shooter games that allows for every in-game engagement to be a point of cash contest. Victor's Gold's established base in CS:GO, League of Legends, DOTA2 and PUBG, expands UMG's influence in the online competitive gaming world and opens new doors for future sponsorship and broadcast activations. Victor's Gold has operated its Merc Tournament Series at numerous LAN centers in the US and has plans to expand into the casino setting as well as additional LAN centers.
UMG CEO, Dave Antony , had this to say about the acquisition: "The introduction of Victor's Gold to UMG will allow for many exciting new opportunities for our brand. We're ecstatic to be able to expand our reach into CS:GO, League of Legends and more with Victor's Gold and have plans to integrate it into UMG's platform."
Victor's Gold CEO, Ben Abramowitz , commented: "Victor's Gold is really excited at the prospect of taking our original game content to the next level. An acquisition by UMG would provide Victor's Gold with a massive boost to capabilities and access to media distribution channels vital to exponential growth."
In consideration for the acquisition of Victors Gold (the "Transaction"), UMG will issue 1,000,000 Common Shares at a price of $0.30 per share. The Transaction is subject to due diligence and regulatory approval, including the acceptance of the TSX Venture Exchange. The Transaction is an arm's length transaction.
Closing is expected in the next 30 days.
As well, UMG is pleased to announce that it has retained the services of Independent Trading Group ("ITG") to conduct market making services. ITG will trade shares of UMG on the TSX Venture Exchange ("Exchange") with the objective of maintaining a reasonable market and improving the liquidity and stability of UMG common shares in compliance with the policies and guidelines of the Exchange. Under the terms of UMG's agreement with ITG, ITG will receive $5,000 per month for their services. The agreement will continue in effect on a month to month basis and will automatically renew for subsequent monthly terms unless terminated by either party. There are no performance factors contained in the agreement between ITG and UMG and ITG will not receive any shares or options from UMG as compensation for their services. The arrangement with ITG is subject to Exchange acceptance.
About UMG: UMG Media Ltd. ("UMG") is a premier esports company in North America , offering live gaming entertainment events and online play. UMG provides online and live tournaments as well as the creation and distribution of original esports content. For more information about UMG visit www.umggaming.com."
For our latest "Buzz on the Street" Show featuring UMG Media Ltd, recent corporate news, please head over to: https://www.youtube.com/watch?v=Nvqpt-pTqR4
(NASDAQ: TTWO), headquartered in New York City , is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. 2K recently announced that Zion Williamson , the first overall selection in the 2019 NBA Draft, has officially signed a multiyear partnership with NBA 2K . The agreement will include Williamson's integration into various game initiatives, consumer events, brand creative, and social activations. Williamson, who is the highest-rated rookie in NBA 2K since 2011, will make his video game debut in NBA® 2K20 when it launches on September 6, 2019 . Williamson joins an elite group of NBA athletes that have represented NBA 2K over the past two decades alongside Kevin Durant , Stephen Curry , James Harden , Shaquille O'Neal , LeBron James , Giannis Antetokounmpo, and NBA 2K20 cover stars Anthony Davis and Dwyane Wade . "Zion represents the best of the NBA's up and coming talent and we are excited to welcome him to Team 2K ," said Jason Argent , Senior Vice President of Basketball Operations at NBA 2K . "For more than 20 years, NBA 2K has identified and worked with the best basketball talent in the world. It's been incredible to witness what Zion can do on the court and we're excited to grow with him throughout his career."
(NASDAQ: ATVI), a member of the Fortune 500 and S&P 500, is a leading standalone interactive entertainment company. Returning with a dedication to providing global consumers with an unmatched fan experience centered on consumer products, Activision Blizzard Consumer Products Group (ABCPG) showcased at the Licensing Expo 2019 with an all-star roster of new and returning licensed programs and world-class licensees. Activision Blizzard Consumer Products Group is a division of Activision Blizzard. The iconic franchises from Activision and Blizzard Entertainment continue to grow beyond gameplay, and Licensing Expo will showcase a range of consumer products that deliver engaging, relevant, and innovative experiences unparalleled in the video game space. Since its inception, ABCPG remains steadfast in its efforts to drive global growth and engagement for Activision Blizzard's flagship brands, including Activision's , and and Blizzard's and . Additionally, with Activision Blizzard at the vanguard of competitive entertainment, ABCPG continues to raise the bar for esports via the merchandise program for the Overwatch League™ as we usher in a new generation of fans and athletes. "Activision Blizzard has a portfolio of some of the world's most beloved franchises, and our aim is to work with world-class licensees that enrich our fans' experience around the world," said Steve Young , President of Activision Blizzard Consumer Products Group. "The fan experience is at the center of everything we do, and we're thrilled to create new opportunities for players to immerse themselves and show their passion for Activision's and Blizzard's games through relationships ranging from LEGO to UNIQLO."
(NASDAQ: QCOM) invents breakthrough technologies that transform how the world computes, connects and communicates. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, recently unveiled the Qualcomm® Snapdragon™ 855 Plus Mobile Platform, a follow on to the flagship Snapdragon 855 launching with leading OEMs globally, built for speed to support enhanced performance and deliver leading experiences in multi-gigabit 5G, gaming, AI and XR. The platform features a boost in performance that will raise gaming to the next level for a truly Qualcomm® Snapdragon™ Elite Gaming experience—especially when gaming in the 5G arena. "Snapdragon 855 Plus will raise the bar for elite gamers with the increase in CPU and GPU performance and elevate experiences for 5G, gaming, AI and XR, which is something our OEM customers look to us to deliver," said Kedar Kondap , Vice President, Product Management, Qualcomm Technologies, Inc. "Snapdragon 855 Plus is our most advanced mobile platform to date and will build upon the success of the 2019 Android flagship Snapdragon 855 5G mobile platform."
(NYSE: ORCL) has embedded innovative technologies in every aspect of our cloud, enabling companies to reimagine their businesses, processes, and experiences. Recently, Betinvest LTD, an international gaming solutions provider, has bet on Oracle to monetize its innovative i-gaming digital services. With the ability to handle high transaction volumes common in the gaming industry, Oracle Monetization Cloudwill enable Betinvest to offer partners a single, agile system for handling their complex business needs while helping ensure compliance with international financial system standards. Betinvest provides a software platform that enables betting on more than 80 sports around the world. With 20 years of industry experience, the award-winning solution is developed and supported by hundreds of IT specialists, trading analysts and statisticians. Innovating in high-growth areas such as eSports, virtual gaming, mobile gaming and data feeds, Betinvest requires its technology tools to easily scale so the business can quickly launch new services using a variety of data formats. Operating with the promise of no downtime, the company delivers real-time data and accurate statistics to clients across Europe , North America , Asia and Africa . "As businesses innovate into the growing digital services arena, they require powerful monetization capabilities to handle high volume, real-time, complex transactions and integrate with third party solutions," said Doug Suriano , Senior Vice President and General Manager of Oracle Communications. "The gaming industry is one of many facing these challenges today. Betinvest and Oracle Monetization Cloud make a winning combination, and Betinvest can now deliver these flexible capabilities to its partners and players."
Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For umg media ltd. financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.
For further information:
Media Contact:
info@financialbuzz.com
+1-877-601-1879
Url: www.FinancialBuzz.com