Gaming

X1 Esports & Entertainment

X1 Entertainment Group

CSE:XONE

A Diversified Gaming and Media Portfolio Company

​​Company Highlights

  • X1 Entertainment Group Inc. (X1) is a media and gaming company with a portfolio of diversified assets targeting different aspects of the video game and creator economy industries.
  • The company plans to continually increase revenue through mergers & acquisitions, organic growth and increased synergy between its assets.
  • A strong corporate management team leads the company with experience in corporate management, finance, and media management.
  • X1 has completed the acquisitions of Tyrus LLC, ShiftRLE and Octane.GG. These acquisitions expand X1’s portfolio as diversified gaming and media company
CEO Interviews
Press Releases
INNspired

​Overview

Esports has quickly grown from a niche market to a mainstream phenomenon. The term “esports” refers to the competitive video gaming industry in which individuals or teams will compete against each other. Some of these competitions are remote, while others are in-person in massive venues filled with professional gamers. Surprisingly, major esports competitions have earned more viewership than many traditional sports, catapulting the market into a US$11 billion industry. Significant gaming and internet media companies, including Apple (NASDAQ:AAPL), Activision-Blizzard (NASDAQ:ATVI), and even Netflix (NASDAQ:NFLX), have since entered this emerging market, recognizing its great potential.

Industry experts generally agree that esports, as a stand-alone business, just doesn’t work. Most esports companies have begun diversifying their offerings to monetize this new phenomenon further. The new dominant view is that esports is more of a customer acquisition journey for other assets. As a result, companies with a robust esports-related portfolio are setting themselves up for substantial growth as the industry continues to explode.

X1 Entertainment Group Inc. (CSE: XONE, OTCQB: XOEEF) is a gaming and media company with a diversified portfolio of assets that includes companies in media, network and agency services. The company plans to continue to increase revenue through mergers and acquisitions, targeting cash-flow-positive companies. Additionally, X1 will continue to build upon its existing portfolio with organic growth and accretive M&A
X1 Entertainment Group

X1 Entertainment Group Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT


Overview

Esports has quickly grown from a niche market to a mainstream phenomenon. The term “esports” refers to the competitive video gaming industry in which individuals or teams will compete against each other. Some of these competitions are remote, while others are in-person in massive venues filled with professional gamers. Surprisingly, major esports competitions have earned more viewership than many traditional sports, catapulting the market into a US$11 billion industry. Significant gaming and internet media companies, including Apple (NASDAQ:AAPL), Activision-Blizzard (NASDAQ:ATVI), and even Netflix (NASDAQ:NFLX), have since entered this emerging market, recognizing its great potential.

Industry experts generally agree that esports, as a stand-alone business, just doesn’t work. Most esports companies have begun diversifying their offerings to monetize this new phenomenon further. The new dominant view is that esports is more of a customer acquisition journey for other assets. As a result, companies with a robust esports-related portfolio are setting themselves up for substantial growth as the industry continues to explode.

X1 Entertainment Group Inc. (CSE: XONE, OTCQB: XOEEF) is a gaming and media company with a diversified portfolio of assets that includes companies in media, network and agency services. The company plans to continue to increase revenue through mergers and acquisitions, targeting cash-flow-positive companies. Additionally, X1 will continue to build upon its existing portfolio with organic growth and accretive M&A
Ready to Battle

The company began by acquiring UK-based competitive esports organization RixGG. RixGG fields teams in “League of Legends: Wild Rift” and “Valorant,” two popular games in the esports world. RixGG also produces content, sells merchandise, and is a lifestyle brand.

In 2022, X1 purchased Tyrus.TV, an influencer management agency specializing in content creators. Tyrus.TV fully manages gamers' social media accounts, including TikTok, Twitter, Twitch, YouTube and Instagram.
Rocket League

X1 also acquired Shift RLE, a news portal for the wildly popular game “Rocket League.” The game averages 6 million daily players. Shift RLE is developing into the primary destination for Rocket League news and related fantasy sports, becoming the “ESPN” of Rocket League. The company further acquired the assets of Rocket League community Octane.GG, a leading Rocket League Esports statistics platform providing in-depth match statistics across the top events in the space.

X1 is led by a management team with diverse backgrounds in entrepreneurship, corporate management and finance. Mark Elfenbein, CEO, has presided over five publicly traded companies, bringing his corporate management experience to X1. Latika Prasad has served on the management board of several publicly traded companies over her 30-year career. Bill O’Hara brings experience in capital markets and equity research. Additional experts in finance and media management round out the team.

Company Highlights

  • X1 Entertainment Group Inc. (X1) is a media and gaming company with a portfolio of diversified assets targeting different aspects of the video game and creator economy industries.
  • The company plans to continually increase revenue through mergers & acquisitions, organic growth and increased synergy between its assets.
  • A strong corporate management team leads the company with experience in corporate management, finance, and media management.
  • X1 has completed the acquisitions of Tyrus LLC, ShiftRLE and Octane.GG. These acquisitions expand X1’s portfolio as diversified gaming and media company

Key Acquisitions

RixGG - Esports Organization

RixGG - Esports Organization

Tyrus.TV* - Influencer Management Agency

Influencer Management Agency

The esports industry is filled with celebrity games, much like traditional sports. Tyrus.TV is an influencer agency with a subscription-based model that offers competitive gamers a solution to social media management and sponsorship acquisition.

Business Highlights:

  • Top Social Media Platforms Targeted: Tyrus.TV manages every social media platform popular in the gaming world: TikTok, Twitter, YouTube, Twitch and Instagram. Gamers subscribe to Tyrus.TV to manage these platforms so they can focus on gaming while still growing their personal brands.
  • Exclusive Sponsorship Opportunities: Tyrus.TV also represents its influencers to secure sponsorships, a fundamental way gamers monetize their online presence.

Shift RLE - News Media Portal

Rocket League - Countach

“Rocket League” is one of the most popular games in the world, with over 6 million daily viewers. Shift RLE is rapidly becoming the primary destination for Rocket League news, statistics and fantasy sports, positioning itself as the “ESPN” of Rocket League.

Business Highlights:

  • Primary Source of News for a Popular Game: Rocket League is one of the top games out right now, and Shift RLE is positioned to become the primary news site for the game. X1 continues to enhance its content offering to improve its readership.

Octane.GG

Octane.GG

Octane.GG is a statistics platform that provides in-depth match statistics across the top events in the Rocket League community. Octane has a valuable inventory of data about the history of players and the evolution of teams, which coaches and commentators can use for creating narratives and conclusions on how players are performing.

Business Highlight:

  • Rich Database of Gaming Stats: X1 can use Octane's Rocket League statistics database to launch future offerings, such as Rocket League fantasy products.

Management Team

Mark Elfenbein - CEO

As a chief executive officer at X1, Mark Elfenbein oversees the company’s operations, building on more than 20 years of experience leading rapidly growing companies in new emerging industries. Elfenbein previously held leadership roles in five publicly traded companies in the areas of music, gaming, mobile and artificial intelligence, which combined raised financing in excess of $1 billion. During this period, he was chief revenue officer at Sentient Technologies, which raised nearly $180 million, the largest sum at the time for an AI company. Prior to that, he was president and CEO of Slyce technologies, where he led the company’s deployment of a visual search technology that had tremendous success among fortune 500 companies. Earlier in his career, Elfenbein founded Mood Media, the largest global provider of in-store music and sensory experiences with over $500 million in annual revenues, and co-founder and head of Revenue for Fun Technologies, an online pay-to-play tournament gaming business which was acquired by Liberty Media for $484 million. Elfenbein was a former Grammy Award voting member and Billboard Music Awards winner. His family founded the iconic Canadian global tv marketing company, K-Tel International, a leading disruptor in the music and consumer products industry. Elfenbein earned a Bachelor of Business Administration. from the University of Manitoba. He resides in Minneapolis, Minnesota.

Latika Prasad - Director

Latika Prasad has been an officer and/or a director of private and publicly traded companies for more than 30 years. She is currently a director of Turmalina Metals Corp. (TSXV:TBX) and was a director and corporate secretary from April 2017 to July 2019. She is also the corporate secretary of Realgold Resources Corp. since December 2016 and previously, director at Southern Empire Resources Corp. from March 2020 to June 2021 (TSXV: SMP) and director and assistant corporate secretary at Wabi Exploration Inc. (CNSx: WAB) from September 2015 to July 2017. She served as the chief financial officer of Azincourt Resources inc. (TSXV: AAZ) from October 2011 until June 2013 and as a director from May 2011 to April 2013.

Bill O'Hara - Director

Bill began his career in the capital markets at First Marathon Securities in equity research analyzing gold companies. After transitioning to the role of institutional equity sales at National Bank Financial and then Credit Suisse First Boston, O’Hara joined Haywood Securities Inc. in 2003. He eventually became managing director and head of equity sales at Haywood. In late 2020, with 25 years identifying, analyzing, capital raising and strategically advising both investment funds and corporate entities across many sectors, O’Hara formed Lacg Capital Inc. Lacg’s mandate is to provide bespoke capital markets advisory services to both public and private companies in the early stages of growth. He holds a Master of Science (econs) from the London School of Economics with distinction, and a CFA designation.

Samantha Shorter - CFO

Samantha Shorter has over a decade of experience in providing reporting, assurance and accounting services to publicly traded companies, including technology companies. She left public practice in 2011, and has since taken on a variety of leadership roles. Her depth of governance and accounting knowledge ensures effective implementation and oversight for financial reporting, administration and internal controls development and budgeting for Nexoptic. Shorter completed a Bachelor of Commerce with honors at the University of British Columbia. She is a chartered professional accountant and a certified internal auditor.

*Disclaimer: This profile is sponsored by X1 Entertainment Group ( CSE:XONE ). This profile provides information which was sourced by the Investing News Network (INN) and approved by X1 Entertainment Group in order to help investors learn more about the company. X1 Entertainment Group is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with X1 Entertainment Group and seek advice from a qualified investment advisor.

X1 Entertainment Group

X1 Entertainment Group Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

×