Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.
Modern Times Group (MTG) has owned both companies since 2015. ESL operates offline and esports tournaments around the world, and DreamHack hosts large esports festivals. Now the two are one. Craig Levine and Ralf Reichert, who were co-CEOs for ESL, are now co-CEOs for ESL Gaming. DreamHack co-CEO Marcus Lindmark is also an executive for ESL Gaming.
“By combining forces, ESL and DreamHack will have expanded flexibility and skills to continue meeting the ever-changing desires, demands and needs of its fans, community, players and partners while connecting with this broader audience,” ESL Gaming notes in the announcement.
The merger should give ESL Gaming events more resources than the old ESL or DreamHack shows enjoyed. And since MTG already owned both as subsidiaries, the merger didn’t require one company buying the other one out. The old ESL already touted itself as the largest esports company, and now it’s even bigger. Both ESL and DreamHack events will continue to happen with their original names.
Three top investment pros open up about what it takes to get your video game funded.
However, the new company will see some layoffs as part of the merger, as ESL Gaming has told GamesIndustry.biz, blaming the pandemic and the difficulty of holding events this past year on the decision.
GamesBeatGamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:
- Newsletters, such as DeanBeat
- The wonderful, educational, and fun speakers at our events
- Networking opportunities
- Special members-only interviews, chats, and "open office" events with GamesBeat staff
- Chatting with community members, GamesBeat staff, and other guests in our Discord
- And maybe even a fun prize or two
- Introductions to like-minded parties