esports business

The esports bear market, layoffs and more

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It’s been a while. In fact almost one month. It’s been a busy month on my end and I wasn’t able to write too much lately. However, I’m going to talk about some of the latest in the esports new and unfortunate layoffs / closures in the industry. Layoffs & Closures Numerous layoffs have impacted the esports industry. Canadian based waveform entertainment is rumored to have laid off nearly 50% of its stay nearly a month ago. 100 thieves + other industry titans have also been laying off staff due to macro economic uncertainty + trimming. I am sorry to

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Esports – What to look forward to in 2023

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Overview Esports, in its most basic form, has been there since the 1970s and then revived itself in the 90s with Quake, but it hasn’t been until the past ten years that it has developed into a larger mainstream industry. Like most sectors, this one is currently impacted by significant global events. The return of spectators to live esports events in 2022 was one of the major esports event developments, following the measures put in place as a result of the COVID-19 epidemic. One of the largest cryptocurrency companies in the world, FTX, filed for bankruptcy last month. TSM, one

Invoicing and money in esports

Getting paid in esports

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In today’s article, I’ll cover how to get paid in esports. Depending on your location, your contract and more, it could be as simple as requesting a PayPal and filing your taxes. If you deal internationally it could get messy and sending and keeping track of invoices is always a challenge. Please note, this is not legal tax advice but my experiences. Always consult an accountant for your esports company or lawyer for your legal questions. Step 1 – Contract So you’ve been able to get a sponsorship in esports and have some interest. You are now getting ready to