Torque Esports Corp., Frankly Inc., and WinView, Inc. recently announced that the three companies have agreed to a merger agreement where the organizations will form a new esports platform.
The announcement, which was made earlier in the week, will see the companies combining to form an “integrated news, gaming, sports, and esports platform” called Engine Media Holdings, Inc. As a result of the new agreement, Torque, Frankly, and WinView will combine mobile developer and esports and gaming platform Eden Games, esports data platform Stream Hatchet, and WinView’s patent portfolio Allinsports. The deal also includes an esports arena in Miami, Florida. The companies will also create a new streaming and news content platform which will include over 1,200 broadcast channels and a brand new news operations system. The new esports and mobile gaming property will focus on a new esports platform that will provide data and analytics focusing on esports fan engagement, as well as the creation of a new state-of-the-art esports arena in Miami intended for live global and local esports competitions.
What is Engine Media? Executive Chairman Tom Rogers explains on @BloombergTV why Torque Esports, @Frankly_Media and @WinViewGames are joining forces.— Torque Esports (@TorqueEsport) November 26, 2019
📺 See the full video at: https://t.co/pLCfiIpvN5 pic.twitter.com/hHfMXXcywk
The new esports platform will be co-led by Torque Esports CEO Darren Cox, Frankly CEO Lou Schwartz, and WinView Executive Chairman Tom Rogers. Engine’s new business model will focus primarily on providing an immerse “sports, news, and esports” platform based out of Miami. Tom Rogers says the new agreement will provide the three companies a new way to approach the “entertainment streaming wars” while also developing new sources of revenue for the industry.
The combination of these three major companies marks a pivotal moment for esports, as well as video and streaming entertainment. As the entertainment landscape moves increasingly toward on-demand and streaming entertainment, companies will continue to seek new ways to leverage their properties to compete with the bigger conglomerates in the industry. The creating of Engine will allow Torque, Frankly, and WinView to dedicate all of their resources to create new platforms and experiences for the esports community.
The definitive agreement will become official on December 20, 2019.