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by Aman Ahmed and Shraddha Ray Menon

On a wider perspective e-sports has been running strong on audience numbers especially considering the growth of live streaming platforms including Twitch. In terms of revenue generation per fiscal year, there is a steady decline due to lockdowns across the globe due to COVID-19.

The sinking forecasts of revenues is not due to lack of demand for e-sports. The audience is ever growing and reaching new viewership records every month. It is predicted that global revenue will hit 973.9 million dollars in 2020 down from 1.059 billion dollars, a previous forecast.

So what is causing this?

WHY THE DECLINE

HOW EVENTS WILL BE DIFFERENT

The Format is changing and there is a migration from Online events to offline ones.

The down trend on revenues will continue with increase in the COVID19 numbers and stricter impositions of restrictive measures.

Read about Online Gaming here.

Disclaimer: This Note is for general information only and not intended for solicitation. Please do not treat this as a legal advice of any sort. Views contained in this, are personal with interpretive value of the author and teams assisting the author. Readers are encouraged not to rely solely on these contents before making any decision.

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