Yahoo Finance Esports Entertainment, NetEase Collaborate
Esports Entertainment Group Inc (NASDAQ: GMBL) and their EGL brand collaborated with NetEase Inc (NASDAQ: NTES) to become their official North American tournament and broadcasting provider for Naraka: Bladepoint, running the entirety of the Morus Cups Seasons One, Two, and Three, which take place between September and November 2021.
Esports will run the tournaments and produce the broadcasts to cover it all.
This partnership is another six-figure source of revenue for Esports.
"Nakara: Bladepoint has already taken the gaming world by storm, and we are hoping that in working with NetEase, we can build a fun, competitive, and sustainable esport ecosystem," EGL GM Glen Elliott said.
Each of the three seasons of the Morus Cup will be narrowed down into three stages.
Each season will have a distinct prize pool of $20,000, including a qualification into the December Grand Finals with a $100,000 reward.
The Grand Finals will be broadcast live in the studio.
Price Action: NTES shares traded higher by 2.01% at $103.80 on the last check Friday.
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