Torque Esports to merge with Frankly and WinView

Torque Esports Corp., Frankly Inc., and WinView, Inc. have agreed to combine forces to form an “integrated news, gaming, sports, and esports platform” called Engine Media.

The company will be co-led by Darren Cox, CEO of Torque Esports and Lou Schwartz, CEO of Frankly. Tom Rogers, Executive Chairman of WinView, who also serves as Chairman of Frankly, will serve as Executive Chairman of Engine Media.

RELATED: Torque Esports enters letter of intent to acquire UMG Media

Cox commented on the venture in a release: “The esports industry is ‘racing’ forward with more than 400 million current esports viewers around the globe. With a leadership position in esports racing, including a global television show; analytics and measurement of esports streaming; and an array of tournaments geared toward the most popular esports games, ENGINE will be positioned to ‘accelerate’ multiple revenue streams for the esports industry…”

The three companies will combine to bring together a number of assets. Those that pertain to esports and gaming include mobile developer Eden Games, esports data platform Stream Hatchet, an esports arena in Miami, the WinView patent portfolio, Allinsports, and World’s Fastest Gamer.

RELATED: Esports investments, mergers, and acquisitions in October 2019

Schwartz added:“Having been involved for many years in the distribution of online video, it has become clear to me that there is a strong need for a company that can serve the commercial interests of news and sports media outlets in a world where consumers increasingly consume content through a mobile device or expect an interactive experience rather than passive viewing…”

Esports Insider says: The obvious advantages of combing these three companies is clear. With all its assets under one roof, Engine Media positions itself to take on the evolving world of esports in 2020 and beyond. We’ll likely hear more from Engine Media and how it will look to operate within esports in the near future.

Follow ESI on Instagram