When we discuss value in the Western esports industry, what are we usually referring to? And where is it found?
Industry valuations are not the concern of this discussion; some believe the sector is worth around $1.1 billion while others think it’s closer to $25bn. Some academics think general publisher revenue from games considered ‘esports’ — including the top 20 percent of esports titles in terms of revenue generated — should be included in the calculation, while Newzoo’s definitions are more conservative. The goal of this essay is not to explore that.