The Dales Report – Jan 29, 2020
If you think there is no money to be made in gaming and esports, think again. Daniel Mitre, the CEO of New Wave Esports, has been putting that notion to rest for as long as he can remember. At age 4 playing Mario 3 he told his mother he was going to make money playing video games and despite his mother’s doubts… Daniel was right.
In 2018, esports held the attention of nearly 400 million viewers worldwide—and cable and OTT platforms took note, with media rights revenues topping $180 million. Total esports revenues reached $869 million in 2018, and the future forecast is even more appealing with expectations that number will triple by 2022, reaching $2.96 billion, according to Goldman Sachs.
As head of one of the fastest rising companies in the space, Mitre and New Wave have a solid investment model based on four different verticals.
Read the full article here.