Turtle Beach Hits the Virtual Hardwood with NBA 2K League Champions Wizards District Gaming

Rhea-AI Summary

On June 10, 2021, Turtle Beach (NASDAQ: HEAR) announced a partnership with Wizards District Gaming (WDG), the reigning NBA 2K League champions. WDG will utilize Turtle Beach's Elite Pro 2 gaming headsets, reinforcing Turtle Beach's commitment to enhancing esports performance. This collaboration aims to support WDG's competitive edge as they continue their championship journey. The partnership signifies Turtle Beach's focus on esports and aligns the brand with one of the top teams in the NBA 2K League, enhancing visibility among gamers.

Positive

• Partnership with reigning NBA 2K League champions Wizards District Gaming enhances brand visibility.
• WDG will use Elite Pro 2 headsets, strengthening Turtle Beach's presence in competitive gaming.

Negative

• None.

Leading gaming headset and audio accessory brand Turtle Beach (NASDAQ: HEAR) today announced a new partnership with the reigning NBA 2K League champions, Wizards District Gaming (WDG). With this agreement, WDG’s teams and players will be using Turtle Beach’s flagship Elite Pro 2 performance gaming headset as they continue to be a dominant force on the digital court.

Turtle Beach joins forces with NBA 2K League Champions Wizards District Gaming, who will be using the brand's Elite Pro 2 performance gaming headset as they continue to dominate the digital hardwood. (Photo: Business Wire)

“Wizards District Gaming is a clear powerhouse in the competitive NBA 2K League, and we are honored to be partnering with a team as talented as they are,” said Ryan Dell, SVP of Global Marketing at Turtle Beach. “We craft our gear to a level of precision and performance so that champions remain champions, and we look forward to WDG continuing to win more games in our Elite Pro 2 headsets.”

Wizards District Gaming are the reigning NBA 2K League Champions after defeating Warriors Gaming Squad in four games during the 2020 NBA 2K League Finals. This was the first-ever championship win for WDG, which was one of the inaugural teams in the league when it launched in 2018. The franchise, owned by Monumental Sports & Entertainment, is the NBA 2K League affiliate of the Washington Wizards.

“To compete in the NBA 2K League, our level of play in match after match has to be extraordinary and Turtle Beach helps ensure we hit that high bar,” said Andrew McNeill, Director of Esports, Monumental Sports & Entertainment. “We’re looking forward to many more victories and championships with Turtle Beach at our side.”

WDG’s roster features 2020 NBA 2K League Finals MVP Ryan “Dayfri” Conger, 2020 NBA 2K League Draft #1 overall pick and Rookie of the Year finalist Jack “JBM” Mascone, winningest player in NBA 2K League history Antonio “Newdini” Newman, one of the NBA 2K League’s elite perimeter defenders Justin “Just_Awkward” Howell, 2021 NBA 2K League first round draft pick Alexander “xoLebron” Lebron, and Brandon “BRich” Richardson.

For more on Wizards District Gaming’s latest achievements, check them out on Instagram, Facebook, and Twitch, and follow them on Twitter. For more information on the latest Turtle Beach products and accessories, visit www.turtlebeach.com and be sure to follow Turtle Beach on TikTok, Twitter, Instagram, and Facebook.

About Wizards District Gaming

Wizards District Gaming is part of the NBA 2K League, a professional esports league co-founded by the NBA and Take-Two Interactive Software, Inc. (NASDAQ: TTWO). Launched in 2018, the league features the best NBA 2K players in the world. Wizards DG draft and/or retain six gamers as part of a team that competes as unique characters in 5-on-5 play against 22 other teams in a mix of regular-season games, tournaments, and playoffs. For more information about Wizards District Gaming, visit http://www.wizardsdg.com/.

About Turtle Beach Corporation

Turtle Beach Corporation (www.turtlebeachcorp.com) is one of the world’s leading gaming accessory providers. The Turtle Beach brand (www.turtlebeach.com) is known for pioneering first-to-market features and patented innovations in high-quality, comfort-driven headsets for all levels of gamer, making it a fan-favorite brand and the market leader in console gaming audio for the last decade. Turtle Beach’s ROCCAT brand (www.roccat.com) combines detail-loving German innovation with a genuine passion for designing the best PC gaming products. Under the ROCCAT brand, Turtle Beach creates award-winning keyboards, mice, headsets, mousepads, and other PC accessories. Turtle Beach’s Neat Microphones brand (www.neatmic.com) creates high-quality USB and analog microphones for gamers, streamers, and professionals that embrace cutting-edge technology and design. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: HEAR.

Cautionary Note on Forward-Looking Statements

This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events. Statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “project”, “intend” and similar expressions constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements are based on management’s current belief, as well as assumptions made by, and information currently available to, management.

While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the implementation of any businesses we acquire, our indebtedness, the Company’s liquidity, and other factors discussed in our public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, and the Company’s other periodic reports. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.

All trademarks are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210610005845/en/

FAQ

What is the partnership between Turtle Beach and Wizards District Gaming?

Turtle Beach has partnered with Wizards District Gaming, the NBA 2K League champions, to provide their Elite Pro 2 gaming headsets for enhanced performance.

How does the partnership impact Turtle Beach stock (HEAR)?

The partnership may positively impact Turtle Beach's stock by increasing brand visibility and association with esports, potentially driving sales.

When was the partnership between HEAR and WDG announced?

The partnership was announced on June 10, 2021.