ESE ENTMT INC - ENTEF STOCK NEWS

ESE Entertainment (OTCQB: ENTEF) announced the production of the third Polish Championship for Teamfight Tactics by its subsidiary, Frenzy. The tournament will run from December 13, 2021, to January 30, 2022, on the Polsat Games channel. Sixteen players will compete, with qualifiers completed on November 28, 2021. Notable collaborators include Riot Games, enhancing ESE's positioning in the esports market. The event also promotes the Arcane series, showcasing ESE's ability to merge gaming with entertainment.

ESE Entertainment Inc. (OTCQB: ENTEF) has entered a share purchase agreement to acquire GameAddik, a Canadian gaming technology firm. This acquisition aims to enhance ESE’s esports business by integrating GameAddik's proprietary technology and expanding its client base, which includes major video game developers. In fiscal 2020, GameAddik generated $24 million in revenue and $4.7 million in income from operations. The deal involves cash payments totaling $4.8 million and the issuance of 7,377,143 ESE shares, with potential repurchase rights tied to revenue milestones.

ESE Entertainment Inc. (OTCQB: ENTEF) is set to broadcast the VALORANT Champions 2021, one of the top esports tournaments, in Polish from December 1 to December 12, 2021. Produced by its subsidiary Frenzy, the event will feature 16 teams competing for the inaugural championship title and a share of a $700,000 prize pool. Frenzy has a licensing agreement with Riot Games to create the Polish-language broadcast, aimed at enhancing fan engagement. With approximately 15 million active players, the growing popularity of VALORANT presents a significant opportunity for ESE.

ESE Entertainment Inc. (TSXV: ESE, OTCQB: ENTEF) announced a Letter of Intent (LOI) with Ekstraklasa S.A. for the production of the EA SPORTS FIFA tournament, Ekstraklasa Games, for the 2022 and 2023 seasons. The tournament features professional and amateur esports players, streamed on Polsat Games TV. Frenzy, a subsidiary of ESE, will organize three live events and produce nine magazine episodes. ESE shareholders also approved key resolutions at the AGM, including the appointment of new directors and an auditor. This partnership enhances ESE's portfolio and strengthens its brand in esports.

ESE Entertainment has secured a distribution agreement with ESTV to promote the Digital Motorsports World Cup, scheduled for November 28, 2021. This collaboration expands ESE's content reach within the US and aims to enhance revenue opportunities via simulator product sales. ESTV is rapidly growing, providing content through various platforms like Roku, Amazon Fire TV, and Samsung TV Plus. Both companies express optimism about the partnership, highlighting potential growth in the esports market, particularly in North America.

ESE Entertainment (TSXV:ESE) (OTCQB:ENTEF) announces its role in producing the Digital Motorsport World Cup on November 28, 2021. The event will be managed by ESE's production arm, Frenzy, using its advanced Warsaw studio equipped with cutting-edge technology. Sponsored by notable companies like Corsair Gaming, the event will feature a mix of local and remote competitors. ESE aims to enhance its visibility in the esports sector while demonstrating its production capabilities. The initiative represents strategic expansion for ESE and shows commitment to advancing digital motorsports.

ESE Entertainment has successfully acquired 100% of Frenzy sp. z.o.o., a European esports media and technology firm, in a transaction valued at CAD $1,183,122.94 in cash at closing, with additional cash and common shares payable over time. The deal also includes performance-based earn-out shares contingent on revenue milestones. The acquisition aims to enhance ESE's growth strategy by integrating Frenzy’s operations and leveraging synergies. Key personnel from Frenzy will remain in place to ensure a smooth transition, fostering business continuity post-acquisition.

ESE Entertainment Inc (OTCQB:ENTEF) announces the final phase of the Trinity Force Puchar Polski, an official League of Legends tournament organized by its acquisition target, Frenzy. The playoffs will occur from November 12 to November 14, featuring over 315 players from 63 teams. Frenzy will manage the event's production, with participants required to hold at least a Diamond 4 rank. Participation reflects ESE's strategy to enhance its esports presence and provides aspiring players a platform. The completion of ESE's acquisition of Frenzy is pending typical closing conditions.

ESE Entertainment Inc. (OTCQB: ENTEF) announces its inaugural Digital Motorsports World Cup on November 28, 2021. Top sim racing drivers worldwide will compete using Porsche 911 GT3 cup cars on the iRacing platform, with a live production setup akin to major esports events. The event features a €10,000 prize for the winner and includes sponsorship by ADAC. CEO Konrad Wasiela emphasizes ESE's commitment to setting new industry standards in esports, while Digital Motorsports aims to enhance the professionalism of sim racing. The event will be broadcast live from 2 PM to 4 PM CET.