Overwatch League Franchise Spots Going For $2 Million Each: Report
Blizzard Entertainment is reportedly in negotiations to sell its major franchise spots in the upcoming Overwatch League for anywhere from $2 to $5 million.
The Overwatch League, first announced by Blizzard in the lead-up to BlizzCon last year, is a geo-location based league similar to existing arrangements in traditional sports leagues such as the NFL/NBA.
Jason Lake, founder of compLexity Gaming, has reportedly been approached by multiple investors who are currently hesitant to commit because Blizzard has yet to outline concrete details of their plans.
Overwatch League launch date
For their part, Blizzard’s global director of Overwatch esports Nate Nanzer has confirmed that the League is on schedule to launch by September.
“We’re totally on schedule,” Nanzer said. “In terms of the actual nuts and bolts of the league in 2017, and content production, all that, there’s no delays there at all. You probably understand the amount of legal work that goes into doing this, and that time between BlizzCon and today has been spent finalizing legal documents.”
Stay tuned as we keep you up to date on the ongoing development of this exciting new league!