With that growth comes interesting new investment and establishment. In that regard, that is the case with the new e-sports franchise ‘Immortals’. Well, I say ‘new’. That is the rebranded name for Team 8 eSports. This is part of a big acquisition headed up by a ton of rather powerful investors that include:
Peter Levin, President of Lionsgate Interactive Ventures and Games; Steve Kaplan, Oaktree Capital Principal and Chairman and Co-Owner of the Memphis Grizzlies; Allen Debevoise, Chairman of Machinima; Gregory Milken, March Capital Partners Managing Director; Paul Rappoport, COO of the XPRIZE; Brian Lee, Co-Founder of Legalzoom, Honest Company, BAM Ventures; Akinobu Yorihiro, U.S. CEO of Japanese media juggernaut Yoshimoto Kogyo; and Machine Shop Ventures, the venture arm of world-renowned rock band, Linkin Park..
Immortals will start with the League of Legends team, and grow from there, moving into other popular games like Dota 2 and Counter Strike in the future. The team will take Team 8’s place in the upcoming North American League of Legends Championship Series.
This kind of big money, multi-investor venture into e-sports teams is certainly interesting. It really does show off the size and growing potential to entice all these people to go in on one franchise. This really is becoming a big, big business like any other sports is, and seeing that maturity come to e-sports is rather neat.