Esports: The Untapped Gold Mine To Engage Millennials

Esports: The Untapped Gold Mine To Engage Millennials
SHARE
THIS



In this guest piece, Ben Parsons (pictured below), founder and CEO of Iconolastic Entertainment, explains why marketers should be taking note of the esports boom.

Ben Parsons

Esports is one of the biggest opportunities in sport right now. I have grown into a massive cheerleader of the potential, and I am not a gamer. Here is what I have learnt.

Esports is competitive video gaming, with tournaments played online and in stadiums where teams of professional players battle each other in a variety of games (yes, people watching people play video games). Like most sporting communities, esports fans are passionate and engaged, but the difference with esports is off the field it has a lot of maturing to do.

My favourite analogy is that esports is to the 40-plus demo what BMX as an Olympic sport is to our grandparents – most of them scratch their heads and say they don’t understand.

Everyone that works in the space understands the scale of audience, the large revenues being earned by the game producers and the passion from the fans. Twitch is the world’s leading video platform for gamers. It is owned by Amazon and has more than 45 million gamers gather every month to broadcast, watch and chat about gaming. There is little understanding of this by the wider community of brands that could be involved in esports.

In five short years, competitive tournaments have graduated from trestle tables in community halls, to being played in world-class stadiums for big prize money and broadcast to tens of millions of cheering fans.

The realisation of just how huge the potential of esports hit me when I attended an event you probably haven’t heard of – IEM (Intel Extreme Masters) in Sydney in May. TEG Live and ESL put the event together, and there were over 5,000 people buying merchandise and cheering for teams. The production made some of our major sporting events in Australia look like a kindergarten show.

Most recently, major international sporting franchises and administrators (such as Manchester City and the NBA) have invested in esport assets and have started creating leagues to capitalise on the growth. Riot, who is a game developer and owns one of the major titles in esports League of Legends, recently announced investors will need $10 million to buy into their USA league.

When LA wins the 2024 or 2028 Olympic games, they have already committed to having esports included as a demonstration sport to connect Millennials to the Olympics. Yes, people will win gold medals for esports within 10 years.

Domestically, the road has been less travelled but is starting to show signs of life, with the Adelaide Football Club entering into an agreement to acquire a professional esports team and Twitter announcing they will stream a recent Riot competition. Some people who have worked in Australian sports administration like Rohan Sawyer and Dave Harris have invested or created teams to compete.

Three media companies and two major sport administrators are currently looking to invest heavily into esports by starting leagues and/or teams, which will help bring maturity to the sport. Esports should welcome these new partners with open arms because they will provide much-needed structure to administrating teams, introduce new brands to partner into esports and provide athlete welfare and management.

Esports is already big business and is at a tipping point. It presents brands with a window of opportunity to build long-term associations and assets at relatively low entry cost. Esports already has the engaged audience and great production values via the game producer, which provides important ingredients for this to explode.

Esports is a untapped gold mine to engage Millennials.

The Ministry of Sports Marketing conference is on Tuesday 18 July and will host an esports panel that will provide details on how your brand can innovate through this channel. To grab your ticket to the event, click here.

Please login with linkedin to comment

Latest News

Freeview Recognised At International HbbTV Awards
  • Marketing
  • Media

Freeview Recognised At International HbbTV Awards

Freeview Australia has been awarded Best Marketing or Promotion of an HbbTV Based Service at the inaugural HbbTV Awards, announced last week in Rome. Run by the HbbTV Association, the global awards attracted 71 entries from 17 countries and recognise the best adoption of HbbTV (hybrid broadcast broadband TV), technical excellence and commercial advantage. Freeview […]

D’Marge Partners With Virgin For New Edition Of ‘Shut Up & Take My Money’ Mag
  • Media

D’Marge Partners With Virgin For New Edition Of ‘Shut Up & Take My Money’ Mag

After its debut attempt at print, Aussie publisher D’Marge has rolled the dice again on its first ever print product. Shut Up & Take My Money flagrantly celebrates materialism and the good life, with the new edition seeing the magazine’s editorial team travel to Apple’s futuristic new headquarters in Cupertino, California for the launch of the iPhone […]

New Conference To Reveal Purchasing Power Of Aussie Mums
  • Marketing

New Conference To Reveal Purchasing Power Of Aussie Mums

Australian mums are a powerful, highly educated, cashed-up and discerning group that are using the power of the internet and social media to make – or break – brands. Mums don’t just buy a brand because of its price or availability – they use the power of online reviews, their knowledge about brand’s ethical behaviour […]

How The AFL Won The Social Media Grand Final (But The NRL Scored With Macklemore)
  • Marketing
  • Media

How The AFL Won The Social Media Grand Final (But The NRL Scored With Macklemore)

As AFL’s Richmond Tigers and NRL’s Melbourne Storm bask in the glory of their Premiership victories, another war was waging across social media. Sports social content platform 20FOUR today revealed the winner in the battle of the footy codes, declaring the AFL victorious over the NRL in audience engagement during this year’s grand final. Just over 3.5 million people tuned in to watch the […]

by B&T Magazine

B&T Magazine
Female Industry Leaders To Help Launch Unique Walking Tribe In Melbourne
  • Advertising
  • Marketing

Female Industry Leaders To Help Launch Unique Walking Tribe In Melbourne

After successfully launching in Sydney and Brisbane in the past year, Mentor Walks has announced it is expanding to Melbourne with the help of some female industry leaders. How Mentor Walks works is through a small group of senior female executive leaders who agree that, when they are available, will be part of a monthly […]

The Core Agency Wins Key Pharmaceuticals Creative Account
  • Advertising

The Core Agency Wins Key Pharmaceuticals Creative Account

Key Pharmaceuticals has announced it has selected The Core Agency to manage strategy and creative duties for its stable of brands, following a competitive creative pitch. The Sydney independent agency will become the lead agency for all Key Pharmaceuticals brands across Australia and New Zealand, which include Blistex and Hamilton. A spokesperson for Key Pharmaceuticals […]

App Annie Announces New Managing Director For APAC
  • Technology

App Annie Announces New Managing Director For APAC

App market data and analytics company App Annie has announced the appointment of Cindy Deng as its new managing director for the Asia-Pacific (APAC) region. Deng joins App Annie with more than 18 years’ experience in enterprise IT, digital advertising, data analytics, and data management. In her most recent role at Turn, she was responsible […]

New Editor For GQ Australia
  • Media

New Editor For GQ Australia

Unfortunately, it's no more Lowes or Roger David for Michael Christensen after being named fashion organ's top tamale.

QMS Goes West With ‘The Leeder’
  • Advertising
  • Media

QMS Goes West With ‘The Leeder’

QMS Media continues to expand its digital portfolio across Western Australia, switching on an iconic billboard in the heart of Perth. Following the launch of two new digital billboards in the major WA regional centres of Bunbury and Kalgoorlie in recent months, ‘The Leeder’ further delivers on QMS’ digital expansion strategy out west. Positioned at […]

PR Firm Text100 Wins NetApp Account For APAC
  • Marketing

PR Firm Text100 Wins NetApp Account For APAC

Global marketing communications agency Text100 has announced it been appointed by data management company NetApp to drive its brand transformation effort across the Asia-Pacific (APAC) region. Following local competitive pitches conducted across the region, Text100 has been appointed as the APAC lead agency out of Singapore, and as the local agency of record in Australia, […]

MFA Awards 2017 Winners Revealed!
  • Advertising
  • Marketing
  • Media

MFA Awards 2017 Winners Revealed!

B&T once again donned the tux, applied the Brut, and primed the liver for last night's MFA Awards in Sydney.

Concrete Playground Launches Voice-activated Nightlife Guide With Google Assistant
  • Media
  • Technology

Concrete Playground Launches Voice-activated Nightlife Guide With Google Assistant

Digital publisher Concrete Playground has unveiled a new app that helps Millennials plan their night out using voice control – the first of its kind to become available in Australia. Concrete Playground’s Guide to Tonight now works with Google Assistant, making it available on a range of Google devices and helping people to decide what […]

Digital Agency Inlight Secures Two Key Client Wins
  • Marketing
  • Technology

Digital Agency Inlight Secures Two Key Client Wins

Independent agency Inlight has announced it has won the digital account for Benetas, a not-for-profit aged care provider in Victoria. Following a competitive pitch process, Inlight was chosen to handle Benetas’ new website design, build and ongoing optimisation. Richard Barker, marketing manager at Benetas, said: “We wanted an agency that could be our true digital […]

AMI Awards 2017 Winners Revealed!
  • Marketing

AMI Awards 2017 Winners Revealed!

With almost 30 awards handed out, B&T predicts plenty of numb bottoms at last night's AMI Awards in Melbourne.

Clems Sydney CEO Andy Pontin Quits
  • Advertising

Clems Sydney CEO Andy Pontin Quits

Sure, B&T flashed the news of Andy Pontin quitting this morning. White lies aside, he's actually still got six months.

by B&T Magazine

B&T Magazine
Adobe MAXes Most Creatives In A Room Record
  • Advertising
  • Media

Adobe MAXes Most Creatives In A Room Record

B&T's journo is reporting live from the annual Adobe Summit in Vegas. Although, "reporting" is somewhat of a stretch.

Opinion

by David Hovenden

David Hovenden
Digital Women’s Network & The Australian College Of Marketing Unveil Latest Short Courses
  • Marketing

Digital Women’s Network & The Australian College Of Marketing Unveil Latest Short Courses

The Australian College of Marketing is collaborating with the Digital Women’s Network to bring new short courses aimed to provide the latest skills across all aspects of the Digital landscape, kicking off in Melbourne and Sydney in 2018. Course content will focus around various topics related to the digital marketing landscape. All courses will run […]

Man working at office desk, looking at computer and scratching head
  • Technology

Where Are Digital & Tech Skills & Salaries Headed?

The rapid pace of technological change in the digital sector is seeing demand for those with the right skill sets outstrip availability, both locally and globally. The individuals who have kept their skills up to date are being well-rewarded financially. Now, Digital + Technology Collective’s expanded annual Skills and Salary Survey will put some numbers and context […]

Disney & ESPN Unify Sales & Partnerships Teams
  • Advertising
  • Marketing
  • Media

Disney & ESPN Unify Sales & Partnerships Teams

Disney and ESPN have formed an even closer bond, announcing a new alignment of the two properties through their media sales and partnerships teams. Instead of entering through three doors, Disney ESPN Media Sales & Partnerships will give media buyers and marketers a refined, singular point of entry for Disney, ESPN Digital and Maker. Nik […]

by B&T Magazine

B&T Magazine
Sydney Start-up Muzaara Partners With Commission Factory To Turbocharge Digital Ad Spends
  • Advertising
  • Marketing

Sydney Start-up Muzaara Partners With Commission Factory To Turbocharge Digital Ad Spends

Sydney-based adtech start-up Muzaara has announced a new strategic partnership with performance marketing platform Commission Factory. Together, Muzaara and Commision Factory are providing SMEs with a secret weapon to skyrocket their online brand visibility and effectively manage and maximise their online advertising campaigns. This partnership will allow both online marketing companies and their impressive roster […]