video game recession-proof
Are video games recession-proof? Sort of, experts say.
"People who invest in these properties are expecting a very quick return. This isn't just in esports journalism, this is in esports in general," the esports journalist said. "It's why you [saw] so many teams and organizations jumping into the Overwatch League, previously." Activision Blizzard's Overwatch League launched in 2017, selling franchise slots to investors for upward of $20 million but has struggled to deliver returns to team owners like Robert Kraft and Stan Kroenke, owners of the New England Patriots and Los Angeles Rams, respectively.
Industry:
- Leisure & Entertainment > Sports (1.00)
- Leisure & Entertainment > Games > Computer Games (0.81)