The Immortals' CS:GO team (left to right) Henrique "Hen1" Teles, João “Felps” Vasconcello, Gustavo “Shoowtime” Goncalves, Ricardo “Boltz” PrassL, ucas “Lucas1” Teles.
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Lionsgate and Michael Milken invest in esports team The Immortals

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

The esports business is attracting more high-end investors. Today, film studio Lionsgate and financier Michael Milken are investing in the professional esports team The Immortals.

After many years in the wilderness, esports has matured. It grew to $892 million in 2016, according to market researcher SuperData Research. And the investors in the market are in a bit of a rush to stake out territory that they believe will be valuable in the future. In this case, investors with considerable financial and entertainment clout are stepping up to participate in esports.

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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.