Sep 20, 2019

Esports network to launch New York, Los Angeles studios

Photo: Getty Images/Gorodenkoff

Video Game Entertainment & News Network (Venn), a startup seeking to make 55 hours of esports content a week, plans to launch studios in New York and Los Angeles in mid-2020, the Los Angeles Times writes.

The big picture: The New York-based business has raised $17 million and is looking to become a gaming network, with distribution deals including Twitch, YouTube and Hulu TV. The esports category has expanded in popularity, particularly with young people, with platforms like Twitch allowing gamers to grow more connected by streaming their activities.

By the numbers ... According to research firm EMarketer:

  • The U.S. esports audience currently sits around 30.3 million people.
  • Viewing is expected to increase to 46.2 million by 2023.
  • Esports advertising revenue is set to increase from $178 million in 2019 to $213.8 million in 2020.

Between the lines: The Times writes: "...some of the new platforms hosting esports content don’t have sophisticated advertising tools for marketers," per Eric Haggstrom, a forecasting analyst with EMarketer.

  • Venn plans to change that by producing high-quality content including "talk shows, reality shows, documentaries and esports events," the Times writes.

Go deeper: High school esports goes mainstream

Go deeper

Joe Biden says he spoke with George Floyd's family

Photo: JoeBiden.com via Getty Images

Joe Biden called on Americans to demand change when it comes to police brutality against African Americans, saying he'd spoken with George Floyd's family and that "none of us can stay silent. None of us can hear the words 'I can't breathe' and do nothing."

Why it matters: The livestream remarks by the presumptive Democratic presidential nominee had the look and sound of an address to the nation — and came right before President Trump was set to give remarks.

Updated 28 mins ago - Politics & Policy

Police officer in George Floyd killing charged with third-degree murder

A protester with a sign with George Floyd's last words. Photo: Stephen Maturen/Getty Images

Derek Chauvin, the Minneapolis police officer involved in the killing of George Floyd, was charged Friday with third-degree murder and manslaughter, according to Hennepin County Attorney Mike Freeman.

The state of play: Freeman said that the delay in Chauvin's arrest, which came four days after Floyd's death on Monday, was due to the need to collect sufficient evidence — and that it was "by far the fastest" his office had charged a police officer. He added that he also anticipated charges against the other three officers involved in Floyd's arrest and death, but refused to elaborate.

This is a breaking news story and will be updated.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 5,851,494 — Total deaths: 362,238 — Total recoveries — 2,445,181Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 1,729,185 — Total deaths: 101,706 — Total recoveries: 399,991 — Total tested: 15,646,041Map.
  3. 2020: North Carolina asks RNC if convention will honor Trump's wish for no masks or social distancing.
  4. Public health: Hydroxychloroquine prescription fills exploded in March —How the U.S. might distribute a vaccine.
  5. Transportation: National mobility keeps rising as more states reopen economies.
  6. 🎧 Podcast: Saying goodbye to U.S. megacities.