Inaugural track Music and Sports by Midem, scheduled to take place on June 6 and created by the sister company of Midem’s Esports BAR, is the only venue where people will be able to know how and why these two industries come together to play a key role in the future.
With some of the biggest gambling-giants like Bet365 and Betway esports offering odds on esports games, it’s clearly evident that the Esports industry is going to grow massively.
Executives and musicians from the fields of music and esports will share their knowledge and how this partnership will affect pop culture in the future.
“This Midem event is the only one designed to create a dialogue with esports professionals, as music is becoming important for sports production,” says Stephane Gambetta, Production Manager Esports BAR.
Digital entertainment is possibly one of the first entertainment platforms that attract the interest of major press and marketers for the uninitiated music industry.
There is a generation that enjoys watching gamers play online, on TV and at venues. Digital natives of Gen Z and the Millennials are a core part of the esports fan base including sports teams playing on streaming platforms, broadcasting Television and live venues.
Now, millions of watchers battle each other on live streaming sites including Twitch, a tech giant subsidiary Amazon.com. Yet gamers and esports enthusiasts using streaming platforms have become superstars with millions of followers running their own online esports tourneys.
Supporters communicate with them in real-time with feverish feedback within the chat region of the computer. Some use micro-trading to make donations, which can make millions of dollars from players organizing gaming tournaments.
The Newzoo research firm forecasts that in 2019 esports are expected to hit 450 million more viewers and the maximum profit of $1 billion. And while this is a small sum compared to the global music industry, a value of $19.1 billion, esports also attract fans in the music industry.
Therefore, innovation in esports from diverse technology, entertainment and commercial groups putting together Esports BAR is making this new phenomenon more formal.
And now, Midem so Esports BAR together want to bring music producers, record labels, retailers and holders of rights to a new yet rapidly growing media ecosystem.
“Rock and fans ‘ experiences are very different,” Gambetta says. Live esports events, comparable to music festivals, are high-performance audio-visual activities. There is also new audiovisual material surrounding music created in the sports industry. “Midem is a great forum for businesses to gather and publish information and understand that music plays an important role in esports,” says Pieter van Rijn, CEO of FUGA Digital Music Distribution Company.
How Esports Betting Affects the Industry
There appears to be a big market that is here to stay, not just the new gambling phenomenon. There are many reasons for the rise of eSports gambling. Second, it’s only natural for people who are in eSports, who want to pay for their expertise while attending eSports games.
ESports are very colorful, there are many surprises and in minutes things can change. This is why e-Sports betting can prove lucrative, but also very thrilling. If you wager on it, watching a match will be much more interesting than watching without gambling.
ESports games are broadcast online live, and usually free to view, making things much easier for viewers and punters in eSports. Millions of people are watching eSports, competitions are competitive, the game is broken into integral parts like maps and maps and other information like kills are registered and it is easy to see why eSports, close to traditional sports, is ideal for gambling.
Betting on eSports became widely known soon after eSports, at least as competitive games, if not as athletics. Yet eSports betting didn’t appear to become so popular, and certainly didn’t seem to be recognized and began offering eSports betting.
There were several reasons to doubt whether eSports gambling would become a major feature.
Next, eSports themselves are extremely uncontrolled and the players fatigued game cheating and other risks. In comparison, eSports primarily targeted teenagers and young adults, which means that the highest proportion of the target population was less than 18.
Skin gambling seemed to be the most prevalent form of eSports betting and real money betting would be limited to wagering among friends and a small number of somewhat depressing online sites. Yet things have changed, and quite rapidly they have changed.
Drake, Lopez and Steve Aoki investing in Esports
In order to reach a wider audience, Games developer Riot Games has approached FUGA to sell the songs to an audience broader, hosting high-performing competitions focused on its game of League of Legends (LoL) and creating in-house music.
In South Korea, last year’s opening ceremony of the Riot games championship event was the K / DA K-pop group live music, followed by the LoL characters ‘ Augmented Reality models, which chanted POP / STARS from Riot Games.
Riot Games wants the help of a marketing company such as FUGA to distribute this product to mainstream music fans.
ENTER Records, which is a joint-venture company with the ESL sports group, established major labels with Universal Music Group (UMG). The FatRat, which has increased its fan base of music available for esports entertainment, has already been included in ENTER Music. German electronic music is now available.
“We find out that the average player can spend up to 10 hours listening to Music.” Dirk Baur, CEO of Universal Music Labs Germany at a recent Esports BAR Conference in Cannes: “We have found that FatRat is a good example of how we use music at events; it provides added value for the way we do.” As Twitch streamed Drake online, a player himself, last year, Tyler Ninja Blevin broke most records.
Consumers of esports “are among the most technologically integrated and not reachable by other means,” says Gambetta, adding: “Sports are a promotional platform that allows its highly-touched audiences to perform music. We are happy to be able to put together the two industries.
By RJ Frometa
PUBLISHED NOVEMBER 11, 2019