Puma Joins Athletic Brands Getting in on the Esports Business
Puma is the latest athletic brand to take a chance on the burgeoning esports industry.
The German sportswear maker has announced a multiyear partnership with Los Angeles-based esports group Cloud9, joining a roster of major companies including Nike and Adidas that are looking to capitalize on the competitive video gaming market.
The two companies signed a sponsorship deal early this year, allowing Puma to provide official game-day gear for league players. Today, Puma and Cloud9 revealed the first edition of their clothing line for gamers, with apparel priced at $25 to $75 and available for purchase on each company’s websites.
According to a report from market research firm Newzoo, esports revenues are expected to surpass $1 billion this year, bolstered by the more than 380 million people who watch esports around the world. (Esports, or electronic sports, is a form of gaming in which individuals or groups compete at multiplayer video games.)
Last April, heritage brand K-Swiss teamed up with e-sports organization Immortals Gaming Club to launch a sneaker — purportedly the first signature shoe for a professional gaming team — that was designed specifically for esports players.