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The Toronto-based e-sports company will gain access to Omnia’s 90 million gamers through the deal, bringing its total monthly gamers to about 300 million and making it the biggest gaming media platform in North America. Enthusiast is expected to generate about $110 million in revenue this year following the acquisition, more than double the highest-grossing e-sports companies, Team SoloMid and Faze Clan, in 2019. (The Logic)

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Talking point: The e-sports sector has seen a rapid surge in user growth during the pandemic. Enthusiast Gaming, which owns YouTube channels and gaming websites, saw a 40 per cent week-over-week increase in views on some of its more popular sites in the first few weeks of lockdown. Its Omnia purchase will help capitalize on the momentum, as gamers spend more time at home and sports fans seek out new entertainment sources in the absence of traditional sports seasons. Enthusiast’s CEO Adrian Montgomery said the combined platform—of which Omnia’s Toronto-based parent firm Blue Ant will own 18 per cent—will have about 500 gaming influencers who reach about 25 per cent of YouTube.

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The tech giant is investing hundreds of millions of dollars into the video-game push, and is working on a cloud gaming platform codenamed Project Tempo. It’s also releasing its first original big-budget game, called Crucible, in May. (The New York Times)

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Talking point: Project Tempo would compete directly with Microsoft’s Project xCloud and Google’s Stadia, and a cloud gaming platform that Nvidia announced in February. Amazon is hoping to leverage the success of its subsidiary Twitch, which lets users broadcast their gaming to other users, and is working on games that people can play together on the platform in real time. The company is hoping to get a slice of the US$160 billion-plus in revenue that gaming is expected to generate this year. There’s been an increase in interest in gaming since COVID-19 has prompted many to stay home. In March, The Logic reported that Toronto-based Enthusiast Gaming had seen a 40 per cent traffic surge in the wake of the pandemic.