So, I found out who my company was for this unit. I was hoping that I would get an Australian company, however my company is based in London in the United Kingdom. It is called “Gfinity” and they are a leading electronic sports business that provides a hub for rapidly expanding global community who compete against or view online competitors playing a range of multi-million selling electronic games such as League of Legends, FIFA 2015 and Call of Duty: Advanced Warfare. The company operates a website where subscribers gain access to information on the video games, watch streamed videos of competitions and compete themselves.
They also host live tournaments and a series of events which the directors expect will generate ticket sales, sponsorship and other merchandising income. These events will be streamed live online and the company’s strategy is to build sufficient audiences in order to attract broadcasting income in the future.
Please Feel free to have a look around at my company’s website for further information.
Just this last financial Year (Year ended June 2016) this was a period of excellent operational progress and also strong revenue growth for the Company. They continued to invest in the business in line with its stated strategy to build its reputation with game publishers, prospective sponsors and the wider eSports community. This has been achieved through the development of both physical assets, such as the eSports Arena in the UK, and digital assets to host and stream eSports competitions online.
My Firm is currently operating at a loss, however things are looking up for them i think. Just this last financial year (Year ended 30 June 2016) their revenue has increased by 158% to £1.45m (2015: £0.56m) and Operating loss decreased by 12.0% to £3.2m (2015: £3.6m).