Mentioned in this article Teams: Immortals

2017 starts off with another financing round for a professional Esports team. According to VentureBeat, “Lionsgate and Michael Milken invest in esports team The Immortals.”

Immortals was formed in 2015 and already raised capital from an “elite investment consortium,” including but not limited to Peter Levin, Steve Kaplan, Gregory Milken, and Paul Rappoport.

Clinton Foy, MD CrossCut Ventures and Immortals chairman, stated that what’s happening in esports today is “the evolution of sports, technology and media.”

“Our involvement in eSports creates tremendous opportunities to develop new content and utilize our suite of distribution platforms for a coveted consumer demographic with compelling engagement metrics.” said Peter Levin, Lionsgate president of Interactive Ventures and Games.

Noah Whinston, CEO Immortals, said “Lionsgate is the perfect entrepreneurial partner for our Immortals family” as “Immortals and Lionsgate are both focused on developing new entertainment formats.”