Los Angeles Rams owner Stan Kroenke and his son, Josh, have purchased the franchise rights for a local e-sports team set to compete in Activision Blizzard Inc.’s Overwatch League, a professional video-game competition.
Various reports have pegged the purchase price at $20 million, though the parties did not disclose financial figures. The acquisition was made through KSE Esports, a division of Denver’s Kroenke Sports & Entertainment.
L.A. e-sports team Immortals acquired an L.A.-based Overwatch League franchise in July.
“Overwatch” is a multiplayer first-person shooter game with more than 30 million registered players, according to Santa Monica’s Activision, which announced its intention to form an Overwatch League last year.
The league also announced last week that Jack Etienne, co-founder of L.A.-based e-sports team Cloud9, had purchased a London-based “Overwatch” franchise.
The league now has nine franchises, including two in Los Angeles.
– Garrett Reim
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Los Angeles Rams Owner Stan Kroenke Buys E-sports Team
- Silicon Beach Report Aug. 10: Snap Inc.’s Slow Second-Quarter Growth Disappoints Wall Street
- E-Sports Seeks Traditional Path to Growth
- Publisher Game For E-Sports Arena
- Sports Titans: Stan Kroenke
- Silicon Beach Report July 12: Activision Blizzard Inc. Launches Pro League for Overwatch
- Activision Blizzard to Open Burbank E-Sports Arena
- Activision Blizzard Plans E-Sports League with City-Based Teams