Lionsgate invests in Immortals

Esports Asia News
[hkes_show_google_ad] Lionsgate has invested an undisclosed sum of money in Immortals, the organizations announced via Venturebeat on Tuesday.   Lionsgate is another big name on Immortals’ list of high-profile investors, which includes Memphis Grizzlies owner Steve Kaplan, Machine Shop Ventures, an investment group owned by the band Linkin Park and Levin himself. “Lionsgate is the perfect entrepreneurial partner for our Immortals family,” Immortals CEO Noah Whinston said in a statement to Venture Beat. “Immortals and Lionsgate are both focused on developing new entertainment formats, and we’re thrilled to collaborate with them at the cutting edge of eSports media.” Lionsgate is primarily known for its film studio, Lionsgate Films, which distributes big-budget movies including The Hunger Games series, the Saw Series and La La Land. Also included in this latest round of investment is American financier Michael Milken, who is best known for helping to develop the high-yield “junk” bond market in the 1980s, which eventually led a grand jury to indict him on 98 charges of racketeering and fraud. Milken served eight years in jail and paid $600 million in fines. Since his release, Milken now primarily invests in medical research. Immortals formed in late 2015 as a League of Legends team, and have since expanded into Counter-Strike: Global Offensive, Super Smash Bros. and Overwatch. [hkes_show_google_ad]

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