eSports Mogul Asia Pacific Limited (ASX: ESH) is into the business of a media hub. The Company develops and provides digital games and video contents. Esports is one of the rapidly growing businesses around the globe. As per an estimation, there are currently 2.2 billion game players existing globally. In the year 2017, the total video game market size was identified to be approximately US$116 billion.
The company has stated in the latest update, that they are expanding their game title catalogue to include few of the highly popular console game titles.
As part of the tournament series named Silver Slam, Esports Mogul has extended their game title catalogue for the Mogul.gg. Console games. These were not integrated on Mogul.gg platform previously. This will also help the company to interact with an entirely new target market and would also aid in the purpose of aggressively driving user acquisition. In the year 2018, console games were anticipated to produce revenues of $34.6 billion and 25% of the gaming market.
As a part of Silver Slam, the Company’s AU$275,000 tournament series, Mogul.gg will act as the enabler to include major console titles in one of the biggest tournament series Asia has ever witnessed.
The console games which can be provided a platform by the Mogul.gg are:
- Fortnite– More than 200m players worldwide.
- Overwatch – More than 40m players worldwide.
- Rainbow Six Siege – More than 40m players globally.
- Call of Duty: – US Dollars 500 Mn sales worldwide.
- Super Smash Bros. Ultimate – The most rapidly-selling game in the series
- Pro Evolution Soccer 19 – more than 100m sales worldwide
- NBA 2K19 – Best-seller sports game of 2018.
- TEKKEN 7 – More than 47m of revenues garnered globally on the takken platform.
Few of these games can be enjoyed on a multi-platform, i.e., on a console as well as on a PC. The firm is proud to be able to support both the platforms. The Company is of the view that offering these popular console titles will help in acquiring the user base at an aggressive pace. In the year 2018, gaming consoles held one-fourth of the gaming market and were anticipated to generate $34.6 billion via revenues. As earlier the console games were not previously been integrated on Mogul.gg, a new breed of the user’s base was up for the acquisition. The Company will update the market on the new PC and mobile titles to be added to Mogul.gg throughout January.
Esports Mogul Managing Director, Gernot Abl, has said that “the company was able to offer some of the biggest console games on its platforms. It is considered as a great achievement for the Company. The company will be able to extend Mogul.gg to a new age of users and along with a $275,000 prize pool for Silver Slam. The platform is a preferred way to play these games and hence very appealing. The company will be updating the markets on the additional PC and mobile titles; it will be integrating with.”
Esports Mogul stock zooms on the news of offering popular console game titles. The Company’s shares last traded at $0.016, up by 14.286%. It has a market capitalization of circa $17.77 million as on 8 January 2019. Meanwhile, the share price of the company has fallen by 56.25 percent in the past six months as on 7 January 2019.