Announcement:
Tokyo, Japan December 16, 2022 – Brave group has formally announced the establishment of their new esports facing subsidiary “Game & Co.” to conduct business operations with the aim of deepening the world of esports.
Game & Co. will take over the handling and management of esports related business operations formerly conducted by Brave group subsidiary Virtual Entertainment, outside of the “Vspo!” Virtual eSports Project.
- Additional Details:
Brave group set out with the goal to “strike 8 billion hearts,” and to that end have created successful IP such as “Vspo!” and “RIOT MUSIC,” crafted an original metaverse platform Brave Engine, and have developed a number of initiatives tackling Web3 and esports.
Until now, under Brave group’s incubation activities, their subsidiary Virtual Entertainment has tackled the lion’s share of esports activities, most notably the management of large-scale official tournaments.
The formal esports industry has skyrocketed in recent years with five-year projections starting from 2019 predict it will grow to become more than a 1.6 billion dollar industry by 2024 with a steady CAGR of 11.1%.
*Source: Global e-Sports & Live Streaming Market Report 2021With the esports market environment so dynamic, Brave group have seen fit to regard it as a bigger priority than ever in the future. To properly focus on business development and expansion within the many ins and outs of esports, the new subsidiary will conduct related activities separately from Virtual Entertainment.
About Game & Co.
“100 Years Of esports”
Keeping that vision in mind, “Game & Co.” will work tirelessly to forge all kinds of opportunities in the world of esports, dedicating to fostering more people who truly get something out of the common language of esports. Not only will Game & Co. take over current esports related business from Virtual Entertainment, they will strive to create new ventures in the esports realm.
