Acquisition propels Enthusiast Gaming as the fastest growing online community of gamers
SAN FRANCISCO and TORONTO, June 21, 2017 /CNW/ - Enthusiast Gaming Inc., ("Enthusiast Gaming") the fastest growing online community of video gamers, is excited to announce that it has acquired Destructoid.com. Based in San Francisco, Destructoid has been a leading online authority for over 10 years as the alternative to mainstream gaming news sites and a sought-after destination for gamers to blog about their favourite video games. Consistently attracting 5 million monthly visitors, Destructoid adds a significant boost to Enthusiast Gaming's international reach of gamers.
Since 2015, Enthusiast Gaming has grown its community of gamers organically and via acquisitions and today reaches more than 50 million gamers monthly, across 50 websites publishing original content for the Xbox, Nintendo, PlayStation, PC Games and eSports communities. According to Kleiner Perkins' Mary Meeker's 2017 Internet trends report, the global interactive gaming market now sits at 2.6 billion gamers, with North American revenue estimated at $25 billion in 2016.
"Destructoid has been a major gaming news brand for over 10 years and we are big fans! Enthusiast Gaming and Destructoid share similar cultures and a passion for delivering great content to gamers. We are very excited to complete this major milestone in our consolidation growth strategy. Welcome Niero and the Destructoid team to Enthusiast", said Menashe Kestenbaum, Founder & CEO of Enthusiast Gaming.
"Enthusiast Gaming is one of the most forward-thinking companies in the gaming industry today. As a publisher themselves, they have a deep understanding of gamers. We immediately clicked and I'm thrilled to be joining with them to oversee the next phase of growth at Destructoid", said Niero Gonzalez, Founder and Editor-in-Chief of Destructoid.
About Enthusiast Gaming
Enthusiast Gaming is the fastest growing online community of video gamers. Together with its owned digital properties and live events, it reaches over 50 million gamers monthly across 50 websites worldwide. Enthusiast Gaming also created and operates Canada's largest gaming expo, Enthusiast Gaming Live Expo (EGLX) in partnership with Metroland Media, a subsidiary of Torstar Group. For more information, visit www.enthusiastgaming.com or follow us on Twitter @WeAreEnthusiast
SOURCE Enthusiast Gaming Inc
For further information: Menashe Kestenbaum, CEO, firstname.lastname@example.org, 647-860-1515; Eric Bernofsky, CFO, email@example.com, 416-505-3090