esports continues to prove itself as one of the fastest growing industries in the world and Newzoo’s latest market report serves as proof of that.
Newzoo has bumped its esports revenue forecast for 2016 from $463 million to $493 million. The growth is in response to a wave of publisher investment and the accelerating uptake of the media rights business model.
This shift from direct advertising income to media partnerships will propel esports to a whopping $1.1 billion of revenue in 2019. We can’t wait to see what happens to the future of this industry.