BUSINESS UPDATE - RightBridge Ventures AB (“RBV”) portfolio company Team Singularity ApS signs partnership agreement with global sports, media and entertainment groupOverActive Media (TSXV:OAM)
02.02.22 COPENHAGUEN/TORONTO – RBV portfolio company Team Singularity ApS (“TeamSingularity”) has signed a commercial agreement (“Agreement”) with global sports, media and entertainment company, OverActive Media (“OAM”) with the objective to create, develop and manage esports Academy teams.
OverActiveMedia owns team franchises across multiple professional esports leagues including the Overwatch League and Call of Duty League. They also own MADLions, a leading esports club in Europe that competes in Counter-Strike: GlobalOffensive and League of Legends as part of Spain's SuperLiga Orange and theLeague of Legends European Championship, respectively.
According to the Agreement Team Singularity shall provide expertise in player identification, selection and development as well as team operations. TheAgreement leverages Team Singularity’s experience of having developed the world largest esport academy, with over 10,000 registered users, and the Path2ProTM methodology that identifies, develops, and nurtures the future stars of professional esports.
About RightBridge Ventures
RightBridge Ventures is an investment company based in Stockholm (Sweden) dedicated to investing in companies that shape the future of esports and gaming as part of the digital entertainment industry. For more information visit www.rightbridge.se or get updates by followingRightBridge Ventures on Instagram and LinkedIn. Contact: email@example.com
About Team Singularity
Team Singularity isa premier esports organization founded in 2016 and grown from the grassroots.The company is focused around talent development and is the leading talent incubator within the world of esports with the largest path2pro esports academy in the world.
From the depths ofCopenhagen to the tropical South American region, Team Singularity has a vast diversity being home to around 100 players and staff members from more than 30different countries.
About OverActive Media
OverActive Media (TSXV:OAM)(OTCQB:OAMCF) is headquartered in Toronto, Ontario, with operations in Madrid,Spain and Berlin, Germany. OverActive’s mandate is to build an integrated global company delivering sports, media and entertainment products for today’s generation of fans with a focus on esports, video games, content creation and distribution, culture, and live and online events. OverActive owns team franchises in (i) the Overwatch League, operating as the Toronto Defiant, (ii)the Call of Duty League, operating as the Toronto Ultra, (iii) the League ofLegends European Championship (“LEC”), operating as the MAD Lions, (iv) theSuperliga, operating as the MAD Lions Madrid, and (v) Flashpoint, operating asMAD Lions Counter Strike:Global Offensive (a franchised league operated by B Site Inc., a company in which OverActive holds a minority interest), as well as other non-affiliated CS:GO tournaments and leagues. OverActive also operates both live and online events, operating as OAM Live and maintains an active social media presence with its fans and community members, operates fan clubs, and other fan related activities that increase the reach of its brands. For more information visit: https://overactivemedia.com/