791:
910:
151:
131:
110:
87:
922:
352:
to acquire
Spanish esports organizations Movistar Riders and KOI. The assets to be acquired include all of KOI's esports assets and brands, including social media and intellectual property, and intends to unite the organizations under a single brand by the end of 2024. The deal also involves Movistar
324:
in
Toronto to serve as the home arena to the Toronto Defiant and Toronto Ultra. The report was confirmed in February 2021, as OverActive Media announced the venue. The $ 500 million project is expected to be the home arena for their esports teams, as well as host mid-sized music concerts and
344:
million) as part of an updated agreement from
Activision-Blizzard. Shortly after OAM's announcement, an OWL spokesperson confirmed that Activision-Blizzard would be transitioning Overwatch esports away from the OWL's franchise system and into a new ecosystem as the result of two-thirds of the
27:
361:. Upon the completion of the proposed acquisition, OverActive Media would have control over the following assets: Toronto Ultra, Toronto Defiant, MAD Lions KOI, and Movistar KOI. Once completed, the acquisitions are expected to add
291:, they shifted from an investment platform to an ownership platform and rebranded to OverActive Media. In 2018, OAM and Splyce agreed to purchase a team, later branded as the
588:
353:
Riders' Founder
Fernando Piquer and CEO Carlos Garcia-Acevedo taking on key roles within OverActive Media, and entering into service agreements with KOI co-founders
333:
in 2022 and was expected to be completed in 2025, but complications regarding the
Overwatch League's decline means that the status of the arena is unknown.
382:
336:
On
November 8, 2023, OverActive Media announced that they had pulled the Toronto Defiant out of the Overwatch League, receiving CA$ 8.2
724:
419:
254:
563:
276:
668:
447:
925:
775:
780:
948:
717:
614:
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890:
885:
640:
533:
589:"OverActive Media Confirms Exit from the Overwatch League, Bolsters Balance Sheet by $ 16 Million CAD"
953:
913:
710:
541:
511:
481:
264:
503:
275:
OverActive Media's was originally branded as The Ledger Group, a
Toronto-based group focused on
300:
473:
299:
for the league's upcoming 2019 season. On
November 21, 2018, OAM announced that it entered an
232:
868:
326:
49:
320:
reported that OverActive Media would be building a 7,000- to 10,000-seat esports arena at
8:
848:
645:
304:
240:
235:
that fields teams across multiple esports titles through its subsidiaries, including the
864:
790:
284:
283:
franchises. The Ledger Group went on to make investments in Askott
Entertainment and
249:
303:
to acquire Splyce. In 2019, OAM purchased a franchise spot in
Activision-Blizzard's
840:
805:
349:
321:
296:
236:
143:
770:
751:
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292:
170:
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358:
942:
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180:
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43:
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organizations (including OAM) voting to leave, also part of the agreement.
330:
354:
564:"OverActive Media talk about new forward-thinking Toronto esports venue"
279:. In April 2018, the company announced that it would look to expand in
162:
102:
534:"Overholt Says Vision for OverActive Media Group is Becoming Reality"
244:
53:
696:
259:
26:
702:
280:
228:
288:
198:
123:
641:"OverActive Media Set to Acquire KOI & Movistar Riders"
424:
316:
420:"Defiant, Ultra owners to build esports arena in Toronto"
74:
669:"OverActive Media looks to acquire KOI, Movistar Riders"
504:"Update: OverActive Media Group Fully Acquires Splyce"
448:"Splyce gains $ 1.5m investment from The Ledger Group"
383:"OverActive Media Consolidated Financial Statements"
329:as of December 16, 2021. The arena was expected to
325:other events. OAM was given full approval by the
940:
348:On January 4, 2024, OverActive Media executed a
287:, and after a $ 1.5 million investment in
718:
474:"The Ledger Group to Invest $ 1.5M in Splyce"
247:, KOI, and Movistar Riders that compete in
725:
711:
25:
666:
445:
501:
255:League of Legends European Championship
941:
471:
413:
411:
409:
407:
706:
638:
615:"Teams Vote to Exit Overwatch League"
612:
531:
502:Hayward, Andrew (November 21, 2018).
365:to $ 12 million in revenues in 2024.
243:. They also own esports organization
921:
667:Nicholson, Jonno (January 4, 2024).
561:
417:
732:
562:Czar, Michael (December 18, 2021).
446:Mitrevski, Lydia (April 25, 2019).
404:
13:
639:Cater, Charlie (January 4, 2024).
14:
965:
690:
613:Fudge, James (November 8, 2023).
472:Ashton, Graham (April 25, 2018).
920:
909:
908:
789:
150:
149:
130:
129:
109:
108:
86:
85:
660:
632:
208:Footnotes / references
606:
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555:
525:
495:
465:
439:
375:
1:
532:Stern, Adam (April 7, 2021).
418:Wolf, Jacob (July 14, 2020).
368:
277:blockchain-enabled companies
7:
10:
970:
270:
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878:
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206:
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81:
67:
59:
41:
33:
24:
16:Canadian esports company
542:Sports Business Journal
512:Sports Business Journal
482:Sports Business Journal
265:Valorant Champions Tour
223:), previously known as
301:agreement in principle
949:Esports organizations
233:entertainment company
155:CA$ 35.3 million
135:CA$ 69.4 million
115:CA$ 12.5 million
619:The Esports Advocate
538:The Esports Observer
508:The Esports Observer
478:The Esports Observer
327:Toronto City Council
831:League affiliations
646:Esports Illustrated
305:Call of Duty League
241:Call of Duty League
21:
865:Montreal Rebellion
19:
936:
935:
699:(company website)
285:Enthusiast Gaming
250:League of Legends
214:
213:
94:15.7 million
961:
928:
924:
923:
916:
912:
911:
841:Overwatch League
822:OverActive Media
806:Roy Thomson Hall
793:
754:
736:
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704:
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697:OverActive Media
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593:OverActive Media
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392:. April 29, 2024
390:OverActive Media
387:
379:
364:
350:letter of intent
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322:Exhibition Place
297:Overwatch League
237:Overwatch League
225:The Ledger Group
217:OverActive Media
202:
201:
199:Official website
156:
153:
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136:
133:
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37:The Ledger Group
29:
22:
20:OverActive Media
18:
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954:Toronto Defiant
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938:
937:
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914:
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858:Affiliate teams
853:
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753:Toronto, Canada
752:
746:Founded in 2018
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735:Toronto Defiant
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677:
675:
673:Esports Insider
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661:
651:
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452:Esports Insider
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253:as part of the
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171:Toronto Defiant
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849:Atlantic North
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691:External links
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340:million (US$ 6
314:In July 2020,
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309:Toronto Ultra
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209:
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184:
182:
181:MAD Lions KOI
179:
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176:Toronto Ultra
174:
172:
169:
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160:
148:
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128:
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73:Adam Adamou (
72:
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36:
32:
28:
23:
821:
815:Parent group
750:
676:. Retrieved
672:
662:
650:. Retrieved
644:
634:
622:. Retrieved
618:
608:
596:. Retrieved
592:
583:
571:. Retrieved
567:
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545:. Retrieved
537:
527:
515:. Retrieved
507:
497:
485:. Retrieved
477:
467:
455:. Retrieved
451:
441:
429:. Retrieved
423:
394:. Retrieved
389:
377:
359:Gerard Piqué
347:
335:
331:break ground
315:
313:
274:
258:
248:
224:
220:
216:
215:
207:
185:Movistar KOI
163:Subsidiaries
157: (2023)
144:Total equity
137: (2023)
124:Total assets
117: (2023)
96: (2023)
678:January 14,
652:January 14,
624:November 8,
517:October 25,
487:October 25,
457:October 25,
355:Ibai Llanos
943:Categories
369:References
103:Net income
69:Key people
771:Franchise
764:Franchise
749:Based in
598:7 January
573:March 15,
547:March 15,
431:March 15,
295:, in the
245:MAD Lions
44:Traded as
915:Category
845:Division
260:Valorant
34:Formerly
927:Commons
879:Seasons
781:Players
776:Seasons
568:Upcomer
281:esports
271:History
263:in the
229:esports
227:, is a
193:Website
82:Revenue
60:Founded
52::
837:League
799:Arenas
396:May 2,
363:CA$ 10
342:
338:
289:Splyce
267:EMEA.
386:(PDF)
50:TSX-V
896:2021
891:2020
886:2019
680:2024
654:2024
626:2023
600:2024
575:2022
549:2022
519:2019
489:2019
459:2019
433:2022
425:ESPN
398:2024
357:and
317:ESPN
257:and
239:and
231:and
92:CA$
63:2018
869:OWC
221:OAM
75:CEO
54:OAM
945::
671:.
643:.
617:.
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566:.
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406:^
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867:(
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219:(
113:−
77:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
