In Episode 43 of my weekly update, I’m sharing stories and insights around the eSports ecosystem, Disney’s $2.5B tech investment for their new streaming service, and Google’s aim to be your new bank.
1. The Esports Ecosystem: The key players and trends driving the red-hot, fast-growing esports space that’s on track to surpass $1.5 billion by 2023
As eSports continues creating a monumental entertainment, cultural and investment shift, it’s worth noting some key points: first, an entrance into mainstream consciousness via mentions in TV shows like The Simpsons, second, celebrity endorsements through figures like Michael Jordan and Drake, and third, impressive investment numbers such as a record $4.5B invested in the industry (with investments in game developers outperforming the S&P 500 in EV/EBITDA multiples).
Over the past few weeks, digital entertainment headlines have centered around Disney’s new streaming service, and the upcoming ‘streaming wars’ with Netflix, Amazon Prime, HBO Max, and others. The additional buzz is a result of the $236B Disney empire investing over $2.5B in technology for the Disney+ streaming service, as a result of evolving viewing habits globally.
In my daily updates, I shared a story about Apple moving into the finance industry, as a growing pattern of tech companies moving into the financial sector. In Apple’s case, it was the Apple Credit Card with Goldman Sachs as the issuing bank and Mastercard as the payment partner. Google has moved to offer checking accounts in partnership with banks and credit unions. Estimates show the global fintech market will be valued at over $300B by 2022.