BEIJING, July 14,
2024 /PRNewswire/ -- China Media Group, Esports World
Cup Foundation and VSPO have signed a strategic cooperation
agreement on Friday as the new China Media Group National Institute
for Esports Development kicked off in Beijing.
China Media Group (CMG), which operates state television
networks including CCTV, formally unveiled the new CMG National
Institute for Esports Development on Friday. The Institute then
signed a strategic cooperation agreement with the Esports World Cup
Federation and VSPO during the establishment ceremony, vowing to
jointly organize and participate in future esports events.
The three organizations have been
long-time advocates for the healthy development of the esports
industry. VSPO already works with the Esports World Cup Foundation
in organizing the inaugural Esports World Cup, an eight-week mega
event currently underway in Riyadh
with a record-breaking prize pool of more than $60 million.
The three parties have been longtime proponents of the healthy
development of the esports industry. VSPO already works with the
Esports World Cup Foundation in organizing the inaugural Esports
World Cup currently underway in Riyadh, an eight-week mega event with a
record-breaking prize pool of more than $60
million.
"It's a huge honor to be a strategic partner with the Chinese
Media Group and the Esports World Cup Foundation with the
establishment of the CMG National Institute for Esports
Development, which marks another key sign of Beijing's support for esports development,"
chairman of VSPO, Asia's biggest
esports operator, Dino Ying
said.
The ceremony fell on the same day as the International Olympic
Committee announced that it has partnered with the National Olympic
Committee (NOC) of Saudi Arabia to
host the inaugural Olympic Esports Games 2025 in the Kingdom of Saudi Arabia. The Olympic Esports
Games marks a milestone development for the esports industry and an
exciting new chapter for Olympic history.
VSPO was also a partner for the Olympic Esports Week in
Singapore last year, which paved
the way for the creation of the Olympic Esports Games. VSPO is also
an organizer for the esports series at the Asian Games in
Hangzhou in 2023 and Jakarta in 2018.
About VSPO
Founded in 2016, VSPO is the largest esports operator in
Asia, producing more than 4,000
matches every year that captivate an online fan base of over 800
million. With a global presence encompassing 14 office locations
and 8 top-tier esports arenas, VSPO offers a comprehensive suite of
esports services, including tournament organization, marketing
solutions, community development, and more. At the same time, VSPO was an organizer for the
esports series at the Asian Games in Hangzhou in 2023 and Jakarta in 2018.
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SOURCE VSPO