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The new entity will be called Engine Media Holdings, focused on immersive streaming and on-demand services in esports.
Torque Esports (TSXV:GAME), formerly known as Millennial Esports announced that it entered an agreement with Frankly and WinView to create a combined esports entity. The new entity is slated to be called Engine Media Holdings, operating as an immersive media, streaming and entertainment firm in the sector.
As quoted in the press release:
Tom Rogers, Executive Chairman of WinView and Chairman of Frankly said, “These times call for a ‘driving’ force creating new consumer experiences in live news, sports, and esports while providing new sources of revenue for the industry in these genres. As the entertainment streaming wars set the path for the future of entertainment programming, the media industry’s approach to developing revenue sources for news and sports, and monetizing live programming, has to change. ENGINE will be able to provide many solutions for all those issues. Beyond the many assets of the three companies coming together, the management expertise is also extensive. Darren Cox is a major force in the esports world, and Lou Schwartz is a globally recognized digital media and technology executive who has founded and led several market leading online video companies and chiefly responsible for Frankly’s recent turn around. Putting the three companies together all at once is certainly unusual in the media space, but it underscores what a remarkably innovative company ENGINE will be.”