Value investor Joel Greenblatt says this company could solve a key hurdle in esports' growth

Gotham Asset Management founder Joel Greenblatt is investing in Vindex, as it looks to build an esports infrastructure platform.

"[The leagues and publishers need to] keep up with the high demand of an enormous and growing fanbase, so to keep up with the execution of esports programs, content and events is incredibly difficult," Greenblatt told CNBC. "It's very hard to do so internally and very hard to do without a set of vendors and partners from outside."

While Greenblatt does believe that the industry will continue to grow "like crazy," he also believes that the infrastructure needs to be in place to support the audience boom that will come with it. G2 Esports fans during Quarter Finals League of Legends World Championship match between G2 Esports and Damwon Gaming on October 27, 2019 in Madrid, Spain.Their dedication to growing the infrastructure of esports is essentially what made Greenblatt invest in Vindex as it provides the longer-term solutions needed for the industry, he said.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Spotify remains bullish on podcasts as a key growth driver - Business InsiderSpotify's monthly active users reached 248M in Q3 2019, citing podcasts as a key growth driver across both ad-supported and premium tiers of service.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Fed set to cut rates, GDP report, Apple earnings: 3 things to watch in Wednesday's marketsInvestors will brace for a slew of market-moving events on Wednesday with the Fed's rate decision, key GDP reading and earnings from Apple and Facebook. Iu
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »