TNL eSports Podcast 018: Morgan Stanley’s Overwatch League’s Revenue Estimates

Manny Anekal
The Next Level
Published in
2 min readApr 4, 2017
TNL eSports Podcast 018: Morgan Stanley’s Overwatch League’s Revenue Estimates (Graphic: The Next Level)
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Today’s TNL was also going to include a full overview of Morgan Stanley’s report however I’ll be speaking with their analysts today to get additional perspective. This podcast was recorded last week on SiriusXM Radio.

TNL Take: In this edition of The Next Level Podcast, SiriusXM’s Kevin Knocke and I discuss the recently released Morgan Stanley “research” on the potential for Blizzard’s Overwatch League in Year 1.

Let’s say the estimates are eye-opening to say the least: ranging from ~$100M to over $700M. While that’s a big variance, there are still a lot of unanswered questions about the potential for the “NFL of eSports”

  • How many teams will there be?
  • US only cities?
  • How much will the teams cost?
  • What happens to the existing Overwatch teams?
  • Can a large endeavor be launched by Fall 2017?

Outside of the many questions around the Overwatch League, the revenue estimates seem on the high side:

  • $32M — Advertising/Licensing
  • $30M — Sponsorships
  • $27M — Merchandise
  • $13M — Ticket Sales

This stat is the most peculiar one for me:

“All in all, the Overwatch League would need to average 72,000 active viewers and hit 7.7 million viewers during the playoff season to make this estimate a reality”

OK….

Hope you enjoy our chat.

And here:

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Manny Anekal
The Next Level

esports. Founder and CEO: The Next Level (Media), Versus Sports (Team), and Versus Consulting. Podcast → https://soundcloud.com/tnlmedia