Immortals acquires Brazilian esports brand and picks up new sponsors

Global esports team organization Immortals said it has acquired the Brazilian brand MIBR and hired the team roster for the Brazilian SK Gaming Counter-Strike: Global Offensive (CS:GO) team.

In addition, Immortals is announcing sponsor partnerships with dating app Tinder and online gambling site Betway. Such sponsors could go a long way toward making esports teams financially sustainable. Global esports revenues will grow 38 percent to $906 million in 2018 and further grow to $1.65 billion by 2021, according to a new annual report on esports by market researcher Newzoo.