Develop a portfolio of video games and creator economy

Mark Elfenbein, CEO of X1 Esports: Developing a Portfolio of Video Games and Creator EconomyYoutube

X1 Esports and Entertainment (CSE:XONE) has completed the acquisition of influencer management company Tyrus, allowing it to become a subsidiary of X1 Esports. CEO Mark Elfenbein explained how the company is focused on finding M&A opportunities and helping these businesses grow.

“Our goal is really to look at the assets of the video game industry, because there’s an evolving ecosystem that supports new advancements,” Elfenbein said. “Companies that emerge and get great responses to their product have an audience, but maybe can’t take those companies to the next level, where we come in.

“As we expand some of these businesses (that we have acquired), we will start to see some of these synergies emerge and we will start to report numbers. We will see a lot of traction in terms of significant growth in asset users. We have important partners on the advertising side. The financial results appropriately accompany these achievements. That’s really the company’s focus for the time being. Quite exciting.

The company also acquired the assets of ShiftRLE, an online media outlet focused on the popular video game Rocket League.

“The assets that we have may be in the team game space. We have video game media assets and we just acquired a company that supports a video game called Rocket League, which is a video game very popular,” Elfenbein added.

“We are very diversified, which we find attractive for advertisers and investors. We could develop these companies individually or perhaps create them in the future. More importantly, we believe we can truly find these hidden gems and take them to levels they otherwise couldn’t.

Watch the full interview with X1 Esports CEO Mark Elfenbein above.

Disclaimer: This interview is sponsored by X1 Esports and Entertainment (CSE:XONE). This interview provides information sourced from the Investing News Network (INN) and approved by X1 Esports and Entertainment to help investors get to know the company better. X1 Esports and Entertainment is an INN customer. Company campaign fees allow INN to create and update this interview.

INN does not provide investment advice and the information in this profile should not be considered a recommendation to buy or sell any securities. INN does not endorse or recommend the activities, products, services or securities of any company featured.

The information contained herein is for informational purposes only and should not be construed as an offer or solicitation to sell or buy any securities. Readers should do their own research for all publicly available information regarding the company. Before making any investment decision, readers are advised to consult directly X1 Esports and Entertainment and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements, including, but not limited to, comments regarding the timing and content of upcoming work programs, receipt of title deeds, etc. Forward-looking statements relate to future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in these statements. The issuer relies on litigation protection for forward-looking statements. Investing in companies involves uncertainties as market values ​​can fluctuate.

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