Business of Esports Minute #046: Discord Rejection, Bilibili OWL Rights, Ubisoft TV

A week of news covering the intersection of business and gaming / esports, all in about one minute – everything you need to know from the “profit of esports” himself. 046 – April 25, 2021 In this week’s Business of Esports Minute: Discord Rejection, Bilibili OWL Rights, and Ubisoft TV. From the keyboard to the boardroom, this is the Business of Esports Minute! Every single week, I, Paul Dawalibi, the prophet of esports, will be bringing you my hottest takes from the week, basically, everything you need to know about the business of esports all in about one minute. Let’s go. According to The Wall Street Journal, Discord is ending talks to sell itself to Microsoft or any other company at this time. In March, there were rumors that Microsoft was attempting to buy the gaming chat firm for about $10 billion. Bloomberg says Discord reportedly rejected a $12 billion offer from Microsoft according to the publication’s sources that are close to the matter. No surprise that these talks broke down. In the context of recent gaming IPOs, Discord surely knew they were worth a lot more than $12B. It was my view that if Microsoft got Discord for $12B, it would go down as one of the best acquisitions of all time for them. I suspect Discord will go the IPO route, and likely command a $20B+ valuation. Recently, Bilibili Esports reportedly signed an exclusive broadcast deal with Activision Blizzard for the exclusive rights to air the Overwatch League (OWL) in China. Financial details have not been disclosed at this time. The fact that anyone is paying upfront for Overwatch League media rights at this point is a miracle. However, Bilibili seems to have decided that, given they are the smaller streaming player in China, they need to buy up media rights for franchised esports leagues. They scooped League of Legends media rights for China previously. Now Overwatch League. I can almost guarantee the sum paid was small because it was not disclosed. There’s just no evidence yet that paying for