Interestingly, Modern Times Group acquired Dreamhack in 2015 and purchased a majority stake in ESL the same year.

ESL is the larger of the two, but both host a large variety of in-person and online events, festivals, and tournaments that cover many popular esports. Both of these brands are leading esports event organizers and have existed since at least 2000. 📰 NewsĮSL and DreamHack merge to create ESL Gaming. We also worked with Joakim to interview co-founder and CEO Jörgen Larsson, which you can listen to here. And if you just want the tl dr, skip to the summary at the end. If you want to read the full deep dive, you can find it here. In other words, Stillfront’s success is the result of a well engineered strategy designed to predictably grow shareholder value in a highly unpredictable market.” Tripling its market cap year-to-date certainly helps, but most don’t understand how Stillfront’s unique acquisition strategy, group operations culture, and capital allocation skill bring consistency and scalability to an otherwise lumpy, hits-driven industry. It was (and maybe still is) a dark horse of the games industry. Even though the company is making a larger name for itself - especially in 2020, which has turned into a breakout year - it remains, in our eyes, underrated and under-followed.

“Stillfront Group is an emerging games business that both industry insiders and curious outsiders should prioritize understanding. Master the Meta teamed up with Joakim Achrén from Elite Game Developers to write up our analysis for all of you. While some may say it’s a simple growth-by-acquisition story, we think that’s an over-simplistic view. We spent a lot of time learning about Stillfront Group this year and think they’ve done a great job creating value with a relatively unique strategy compared to other game studios. Without further ado, here’s your weekly roundup and analysis of what’s happening in the video game industry… 🔍 Deep Dive: Stillfront Group It was a big publishing week for us, so this update is a bit shorter than usual.

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