eSports

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GameStop (NYSE: GME) giveth and it taketh away. The brazen short squeeze orchestrated by members of the Reddit forum WallStreetBets is on...

Sony Corporation (NYSE: SNE) shipped 4.5 million units of its PlayStation 5 consoles worldwide in 2020, according to the latest earnings report for the quarter ended Dec. 31. What Happened: Ahead of the launch of PlayStation 5 in November this year, the demand for the console’s predecessor...

Fund manager Cathie Wood is widely followed for the moves she makes in the Ark Funds. An addition from Monday is up big on the news and could be the first added in a high growth industry. What Happened: On Monday, shares of DraftKings Inc (NASDAQ: DKNG) were added to the Ark Next Generation ETF (...

Microsoft Corporation (NASDAQ: MSFT) issued an apology for hiking the price of its Xbox Live Gold subscription service and said it was reversing its decision. What Happened: The Redmond, Washington-based tech giant had last week announced a $1 price hike for a one month Gold membership and a $5...

Even with an 8-8 record and a streak of missing the NBA playoffs for seven straight seasons, the New York Knicks could be a value play. Madison Square Garden Sports Corp (NYSE: MSGS): The New York Knicks are owned by Madison Square Garden Sports, along with the NHL’s New York Rangers...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. 2020 will go down as a banner year for esports.  In terms of engagement, time spent watching esports on platforms like Amazon.com Inc...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.   Esports has experienced a surge in popularity in recent years and 2020 was no exception. As many were forced to stay home due to...

Skillz Inc.’s (NYSE: SKLZ) growth in gamer engagement and retention has boosted its revenue, which in turn has increased the budget available to the company to improve and introduce new experiences that further propel engagement, retention and revenue, according to Wedbush. The Skillz...

The week of Jan. 11 is shaping up to be a busy one for the initial public offering market. This week’s lineup of IPOs includes fintech, esports, automotive and e-commerce companies offering a diverse range of investment opportunities.  Affirm Holdings: After delaying its IPO in 2020,...

Online gaming platform Roblox disclosed Wednesday that it raised $520 million in a Series H funding, primarily led by investment firms Altimeter Capital and Dragoneer Investment Group. Other investors included The Group of Santa Barbara and Warner Music Group Corp (NASDAQ: WMG). What Happened...

The video game industry saw major developments in 2020 with the release of new consoles from Microsoft Corporation (NASDAQ: MSFT) and Sony Corporation (NYSE: SNE). The sector also got attention as a winner due to the number of people who were at home during the pandemic. Here’s a...

Nintendo Co Ltd (OTC: NTDOY) said Tuesday it had reached an agreement to acquire Vancouver-based Next Level Games. What Happened: The two companies have entered into an agreement under which Nintendo will acquire 100% of Next Level Games’ outstanding shares, in effect making it a subsidiary...

Last week saw a flurry of activity in the SPAC world with several deals announced, merger vote dates and a new SPAC ETF. Here are the new SPAC mergers that were announced last week. Indie Semiconductor: This semiconductor and software company for the automotive industry is going...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Esports has been a key beneficiary of the 2020 pandemic. As traditional sports and events were canceled due to lockdowns, esports saw its...

Esports Entertainment Group (NASDAQ: GMBL), a small-cap esports and online casino company, announced an acquisition in the gaming space and a partnership with the Philadelphia Eagles to strengthen its growth ahead. What Happened: Esports Entertainment will acquire online casino operator Lucky...