US-based esports organisation Ghost Gaming has been acquired by Atlanta Possession Group and can relocate its headquarters and operations from Irvine, California to Atlanta as a part of the acquisition.
The possession group, which options a wide range of Atlanta-based traders, is being led by Andrew Steinberg, Founder and Managing Accomplice at Phoenix Capital Ventures and Todd Harris, co-founder of Hello-Rez Studios and CEO of Skillshot Media.
Relating to the group’s buy of Ghost Gaming, Steinberg commented: “We’re thrilled to deliver what is an outstanding and rising world enterprise to Atlanta.
“Ghost Gaming has at all times been on the nexus of gaming and way of life, and Atlanta is rapidly changing into the epicentre of digital media and tradition. Our aim is to construct an inclusive gaming way of life model that’s consultant of the colourful, inventive tradition that makes Atlanta actually particular.”
In line with the official launch, the aim is to broaden Ghost Gaming’s footprint in Metro Atlanta by including 10 further positions within the firm, while additionally supporting the organisation’s present workers and gamers.
“I consider esports is the way forward for leisure, and Atlanta is the way forward for esports,” added Todd Harris. “Esports reaches and engages the demographic that’s the most fascinating but the toughest for manufacturers to succeed in at this time – the cord-cutting digital native. Atlanta has the sport firms, venues, infrastructure, workforce and tradition that may make it the esports capital.”
Actual monetary particulars have but to be revealed, nonetheless, the Georgia Division of Financial Growth commented that the transfer highlights the ‘state’s funding in creating world-class expertise and an esports ecosystem proper right here in Georgia’.
Grant Wainscott, Vice-Chair of the Atlanta Esports Alliance, has additionally praised the announcement: “Regardless of challenges all of us face with coronavirus quickly suspending reside occasions, esports on-line viewership is at a report excessive all over the world, and esports companies proceed to decide on Metro Atlanta and thrive right here.
“We’re excited to welcome Ghost Gaming as Metro Atlanta’s fourth main esports staff franchise, becoming a member of the Atlanta Reign, Atlanta FaZe and Hawks Talon.”
Among the further strategic traders concerned in Ghost Gaming’s acquisition embody Matt Woomer, Co-Founder and Managing Director of Blue Mammoth; Tree McGlown, Co-Founder and Chief Income Officer of Sideqik; Tammy Damage, Vice-Chair of the Recording Academy; Adam Wexler, Founder and CEO of PrizePicks; and Jeff Webb, Founder and Chairman of Varsity Spirit.
Esports Insider says: Atlanta Possession Group’s acquisition of Ghost Gaming will definitely proceed strengthening the state’s esports ecosystem. It is very important notice that the corporate is transferring into considerably of a crowded market by relocating to Atalanta, nonetheless, this might solely improve the model’s worth within the long-term.