News

How Team Liquid Put Together the Most Profitable Day in Esports Franchise History

August 17, 2017

Team Liquid had the greatest single day — at least financially — for an esports organization in the history of competitive gaming on Saturday. At Key Arena in Seattle, Liquid’s Dota 2 squad walked away with $10.8 million in prize…

Read More

Computer Game Tournaments Go Mainstream

August 17, 2017

FIREWORKS detonated, smoke wafted over the stage and confetti began to fall. Seventeen thousand fans cheered the European players of Team Liquid, with monikers like “MinD_ContRoL” and “MATUMBAMAN”, who had just triumphed over a Chinese side to win The International,…

Read More

Esports Company Axiomatic Joins Disney Accelerator

July 11, 2017

Walt Disney Co. announced Tuesday that e-sports startup aXiomatic was one of 11 companies chosen to participate in the 2017 Disney Accelerator program. Mid-Wilshire’s aXiomatic was formed last fall and is backed by an ownership group that includes Golden State…

Read More

Disney Puts a New Spin on Its Accelerator

July 11, 2017

Over the past few years, Disney’s accelerator classes have been transitioning away from what was once a roughly standard early-stage growth framework. Rather than the “adopt-a-company” models prevalent among most accelerators, it has been leaning hard into how it can…

Read More

The Sport of the Future Is Esports, According to Dodgers and Warriors Co-Owner Peter Guber

May 26, 2017

Mandalay Bay CEO said esports’ audience plays the games, making them more involved than other sports fans. If you’re looking for a sport to hook the audiences of the future, esports may be the best game in town, according to…

Read More

Ted Leonsis, Peter Guber’s Axiomatic Organization Joins BITKRAFT Esports Ventures Fund

April 27, 2017

The first dedicated global esports fund of its kind now has two of the biggest names in U.S. professional sports ownership joining the newly-launched initiative, which begins with $18 million Euro to invest in esports startups. aXiomatic, an esports ownership…

Read More

Can Old School Eports Teams Survive In A Big Money World?

January 27, 2017

In the face of immense investments from wealthy athletes and sports organizations, the likes of Team Liquid will have to adapt or die The last few years have been a veritable Cambrian explosion for competitive gaming. This is particularly true…

Read More

China’s Puji Backs Peter Guber and Ted Leonsis’s Eports Venture Axiomatic

December 22, 2016

aXiomatic, an eSports ownership and management group headed by Peter Guber and Ted Leonsis, has received funding from China’s Puji Capital. The Chinese firm was previously involved in Wanda’s attempt to restructure its Wanda Pictures and Legendary Entertainment buy. It…

Read More

Ted Leonsis on Team Liquid Purchase and the Future of Esports

November 7, 2016

“I do believe this will be as mainstream as Hollywood and the NBA.” In September, an investment group led by Washington Wizards, Capitals and Mystics owner (and former AOL exec) Ted Leonsis and Golden State Warriors co-owner (and Mandalay Entertainment…

Read More

Peter Guber and Bruce Stein See Bright Future in Esports Business

October 31, 2016

LOS ANGELES — As roughly 21,000 fans gathered at Staples Center in Los Angeles for the League of Legends World Championship, two of the country’s most well-known media influencers and businessmen, Peter Guber and Bruce Stein, sat in the Los…

Read More

Peter Guber And Ted Leonsis Lead Buying Group For Esports Power Team Liquid

September 27, 2016

Some of Hollywood’s better-known execs and financiers — led by Peter Guber and Ted Leonsis — have caught the esports bug: This morning they unveiled a deal to buy a controlling interest in Team Liquid, a major franchise with more…

Read More

Axiomatic Acquires Controlling Interest in Team Liquid, a Leading Professional Esports Franchise

September 26, 2016

WASHINGTON & LOS ANGELES–(BUSINESS WIRE)–Team Liquid, one of the most successful global esports team franchises, has announced the sale of the controlling interest in their team to a diversified and accomplished ownership group led by two renowned professional sports team…

Read More