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2023 was a landmark year in eSports, witnessing unmatched growth, making it a significant player in the sphere of mainstream entertainment.
Despite the phenomenal growth, the industry experienced undeniable hitches which revealed the urgent need for modifications for the sector to maintain profitability and sustainability.
Here, we delve into major occurrences that spurred eSports’ growth in 2023 and possible trends that could influence its course in 2024. Here’s all you need to know…
Reaching new peaks:
Worldwide acceptance and popularity marked eSports in 2023. Competitions and leagues saw huge audiences, with millions of fans eager to watch their favourite teams and players.
Stalwarts of the industry like Fortnite and DOTA 2 continued to witness remarkable player and viewer engagement.
The most anticipated event, the World Championship of League of Legends 2023, went down as the most followed eSports event ever, with approximately 6.4 million viewers worldwide.
Activision Blizzard becomes part of Microsoft:
Microsoft’s acquisition of Activision Blizzard stands as one of the biggest deals in gaming history, bringing iconic franchises under Microsoft’s umbrella.
Notably, all these franchises offer multi-billion dollar revenues. For instance, Candy Crush alone generated a striking revenue of $20bn in 2023.
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