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Faceit and Twitch launch esports league where teams are owners

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Esports startup Faceit is partnering with gameplay livestreaming site Twitch to create the Esports Championship Series. The esports league is starting with a Counter-Strike tournament where participating teams and players will be granted co-ownership in the business.

With this league, teams will be granted access to revenue sharing, profits, and representation on the league’s governing body. The first tournament league, dubbed ECS Counter-Strike, will have 20 teams competing for $3.5 million in prizes and financial support.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.