The GaryVee Audio Experience How Esports Is on Its Way To Becoming One of the Biggest Sports in the World
Jan 29, 2021
The discussion dives into the explosive growth and cultural impact of esports. It highlights the industry's potential to eclipse traditional sports, suggesting a shift in entertainment preferences among youths. The speaker emphasizes the importance of supporting young gamers as they explore this evolving landscape. There's also a prediction of declining interest in sports like baseball as video games take center stage. Adaptation will be key for traditional sports to maintain relevance in this changing environment.
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Esports Growth Potential
- Gary Vee is extremely bullish on esports, predicting it will be the second biggest sport in the US in 25 years.
- He believes esports is much bigger than people realize and compares its growth to hip-hop.
Esports vs. Traditional Sports
- Gary Vee recounts conversations with older people who dismiss esports, comparing it to how novel sports were once viewed.
- He points out that stadiums worldwide sell out to watch esports, highlighting its cultural relevance.
Esports Valuation
- Esports may become bigger than major sports leagues combined, but fragmentation across titles could limit individual league values.
- The financial success of esports depends on streaming rights reaching significant values.