Investors include Lionsgate’s Peter Levin, Honest Co. CEO Brian Lee and Machinima chairman Allen DeBevoise.
A group of entertainment, media and technology executives are entering the fast-growing world of eSports through the acquisition of a professional video game team.
The consortium — which includes Lionsgate Interactive Ventures president Peter Levin, Oaktree Capital principal Steve Kaplanand Machinima chairman Allen DeBevoise, among others — announced Wednesday that they have purchased Team 8, an e-sports franchise that currently competes in the League of Legends North American League Championship Series.
Under the new ownership, the team will be renamed Immortals. Noah Whinston has been named CEO and Crosscut Ventures’Clinton Foy will assume the role of chairman.