Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Technology https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ This NFL giant just got into esports, and here's what the tipping point was

This NFL giant just got into esports, and here's what the tipping point was

It's just the first step in getting into the "next evolution of entertainment." That's how Jonathan Wilf describes his family's, and subsequently the Minnesota Vikings, first esports play. On Tuesday, Activision Blizzard revealed that the Wilf family's WISE Ventures investment fund, founded by Vikings owners Mark and Zygi Wilf, will become part of its upcoming Call of Duty league at fielding a Minnesota-based team.

And while the Vikings owners It was Activision Blizzard's approach to building the space that led to finally getting in on the hype. Just like their Overwatch League, the gaming giant intends to launch another city-based franchise with Call of Duty as inspired by traditional sports leagues.

"Having watched closely as the ecosystem evolved and matured with the first few years of franchised leagues, we are confident in the long-term potential of what Activision Blizzard is building and in the esports industry as a whole," Wilf told CNBC. [1

9659002] Traditionalings traditional traditional traditional entity charge ports sports That's a year-on-year growth of 27% with the North American market accounting for over a third of that $ 1.1 billion revenue.

But the Vikings are also entering a field where a good number of traditional sports giants have already snapped up slots in various leagues or started their own esports industries. Take-Two's NBA 2K League, for example, features 21 teams that are owned by their respective city franchises. Activision Blizzard's Overwatch League, which features city-based franchise teams, also boasting a few traditional sports entities including the owners of the New England Patriots and the Los Angeles Rams.

These same traditional sports entities have also been wheeling and dealing in the space. In 2017, the Houston Rockets paid $ 13 million for a slot in Riot Games' League of Legends North American league. This is April, the Rockets sold their League of Legends team, known as Clutch Gaming, to Harris Blitzer Sports & Entertainment, the parent company of the Philadelphia 76ers, the New Jersey Devils and Dportsas team Dignitas, for a reported $ 20 million. [19659002] But after their later entry into esports, Wilf emphasizes that the Viking owners were waiting for what they perceived as a strong investment that would give them a solid foothold in the space.

"For us, investing in sports was never about being first, it was about finding the right opportunity at the right time," said Wilf. "The proven staying power of Call of Duty as a franchise surely factored into our thinking."

Will also reveal that WISE Ventures is looking to expand into other games, and that they are exploring the possibility of building an esports-dedicated arena in Eagan, Minnesota on the Vikings Lakes campus

The Call of Duty league is set to launch in 2020, and its addition of the Wilf family brings the total number of announced teams to seven. Back in March, ESPN reported that franchise spots were sold at $ 25 million per slot, though Activision Blizzard has never confirmed that number.

E-Sports player competes a video game 'Call of Duty' developed by Infinity Ward and published by Activision during an electronic video game at the eSports World Convention (ESWC) on February 17, 2017 in Paris, France.

Chesnot | Getty Images

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