- 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
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