eSports

Microsoft Corporation's (NASDAQ: MSFT) gaming revenue grew 11% on a year-over-year basis in the fourth quarter. What Happened: The Satya Nadella-led company’s gaming division raked in $357 million in revenue in the quarter ended June 30. Hardware sales brought in more revenue thanks to...

Cathie Wood-led Ark Investment Management on Tuesday trimmed its stake in streaming video-on-demand company Netflix Inc. (NASDAQ: NFLX) despite earlier this month spelling out a bull case for its gaming foray and loaded up some shares in pure-play gaming company Roblox Corp. (NYSE: RBLX)...

Reddit co-founder Alexis Ohanian said Monday that 2021 would be a "defining year" for gaming. What Happened: Ohanian made his remarks on Twitter Inc’s (NASDAQ: TWTR) platform. The Reddit co-founder said that the present times reminded him of the early days of Reddit as well as the...

United States esports organization TSM recently announced a multiyear naming rights partnership with cryptocurrency exchange FTX for $210 million. The deal resulted in the renaming of TSM to TSM FTX and initiatives that include the distribution of cryptocurrency to esports players and...

Netflix Inc.’s (NASDAQ: NFLX) much-anticipated foray into videogames likely puts the streaming giant on a collision course with tech giant Apple Inc. (NASDAQ: AAPL). What Happened: Netflix said Tuesday it will offer video games in its existing subscription plans at no additional cost and will...

Amazon.com, Inc’s (NASDAQ: AMZN) massively multiplayer online game, or MMO — “New World” — said Wednesday it will release a patch for its closed beta to reassure players after hardware failure reports emerged. What Happened: New World announced via...

Streaming giant Netflix Inc. (NASDAQ: NFLX) has confirmed its much-anticipated move into video games, even as it reported slowing subscriber growth in the second quarter. What Happened: Netflix said Tuesday in its quarterly letter to shareholders that it sees gaming as another "new content...

Cathie Wood-led Ark Investment Management believes Netflix Inc (NASDAQ: NFLX) could add a meaningful topline from video gaming if the streaming giant gets the execution right and manages to secure even a fraction of the pie in the highly-sought-after category. What Happened: Compared to the 3...

Hall of Fame Resort and Entertainment (NASDAQ: HOFV) announced an agreement Friday with Esports Entertainment Group (NASDAQ: GMBL). What Happened: The esports entertainment and online gambling company Esports Entertainment Group will bring esports to Hall of Fame Resort and...

One of the most valuable esports teams in the world has cut ties with one member and suspended two over possible cryptocurrency pump and dumps. What Happened: FaZe Clan announced the decision to remove Kay from the team and suspend Jarvis, Nikan and Teeqo until further notice. “FaZe Clan had...

Cathie Wood-led Ark Investment Management on Wednesday snapped up 134,250 shares, estimated to be worth about $11.09 million, in Roblox Corp (NYSE: RBLX) on the dip. Shares of the company closed 8.03% lower at $82.59 on Wednesday after the company reported a decline in users and their spending on...

Microsoft Corp.’s (NASDAQ: MSFT) Xbox boss Sarah Bond said she is “excited” about having videogame retailer GameStop Corp. (NYSE: GME) as a partner to her company. What Happened: Bond, the Xbox head of game creator experiences, said in an interview with Bloomberg TV that Microsoft...

Advanced Micro Devices Inc. (NASDAQ: AMD) has confirmed that infotainment systems in the newly updated Tesla Inc. (NASDAQ: TSLA) Model S and Model X vehicles will use its processors and graphics chips. What Happened: The infotainment systems in the two vehicles will be powered by an AMD Ryzen...

Sony Corporation (NYSE: SONY) — the Japanese electronics giant behind the PlayStation game console — is considering using Bitcoin (CRYPTO: BTC) to allow for in-game betting. What Happened: A patent published by Sony this month describes a system that would allow betting...