Overwatch League team owners will vote on continuation following this season's end

Activision Blizzard revealed in its Q2 2023 earnings results that Overwatch League only made up less than 1% of its consolidated net revenues.

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In the years since the Overwatch League esports scene launched, it’s safe to say the league hasn't maintained the hype that was energizing it during its first several seasons. Activision Blizzard recognizes it, too, and in its Q2 2023 earnings results, revealed that there will be a vote by Overwatch League team holders at the end of the current season. This vote will determine whether or not there will be further seasons of Overwatch League, or if the league officially shuts down.

Activision Blizzard announced details about the current state of Overwatch League, as well as the upcoming vote in its Q2 2023 earnings results posted on July 19, 2023. While it could easily be surmised that Overwatch League doesn’t have the support it had in its first few seasons, especially pre-pandemic, Activision Blizzard’s results painted a stark picture of exactly where things are as far as business goes: Total revenues from the Overwatch League made up less than 1 percent of Activision Blizzard’s overall consolidated net revenues.

Activision Blizzard Q2 2023 statement on Overwatch League
Activision Blizzard's (ATVI) Q2 2023 statement on Overwatch League shares that there will be a vote by team owners on the continuation of the league following the 2023 season.
Source: Activision Blizzard

With this in mind, while the sixth season of Overwatch League is still in play and will be until at least September 11, 2023, after the season ends, there will be a vote by team owners. That vote will determine whether or not the Overwatch League continues. If teams vote to continue, the Overwatch League could move forward under an amended operating agreement. If not, Overwatch League could be terminated and a termination liability payout to team entities may then occur.

While Overwatch League began full of energy and promise, the pandemic and general frustration among players with Overwatch 2 has done immense damage to the game’s popularity. With the 2023 season of OWL still ongoing, it may very well be the last depending on how the post-season vote goes. Stay tuned as we follow this story for further updates.

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TJ Denzer is a player and writer with a passion for games that has dominated a lifetime. He found his way to the Shacknews roster in late 2019 and has worked his way to Senior News Editor since. Between news coverage, he also aides notably in livestream projects like the indie game-focused Indie-licious, the Shacknews Stimulus Games, and the Shacknews Dump. You can reach him at tj.denzer@shacknews.com and also find him on Twitter @JohnnyChugs.

From The Chatty
    • reply
      July 19, 2023 8:26 AM

      99% chance it's shut down or paused or something. overwatch 2 is a lead balloon

      https://www.ign.com/articles/overwatch-2-engagement-and-player-investment-is-declining-activision-blizzard-admits

      • reply
        July 19, 2023 8:41 AM

        I really like OW2. It took a while to grow on me but the characters are a lot of fun. I play pub open and competitive games mostly solo but I bet if I had a little squad it'd be even better.

      • reply
        July 19, 2023 6:50 PM

        New hero and a brand new game mode is next month, plus the PvE. I'm not so much into the latter but the former is awesome for anyone who likes the competitive game.

    • Zek legacy 10 years legacy 20 years
      reply
      July 19, 2023 9:12 AM

      Regardless of how you feel about OW2, OWL has been a failure. This has been coming for years.

      • reply
        July 19, 2023 9:27 AM

        COV8D did not help, it completed buried it

      • reply
        July 19, 2023 1:04 PM

        [deleted]

      • reply
        July 19, 2023 6:47 PM

        OWL's real problem is they rolled it out immediately before a scene could develop and before the game was really "done" from a competitive standpoint.

        People forget just how many iterations and rules changes there were in the first few years, and this is before they moved towards a 2-2-2 model and finally rebalanced towards the optimal 1-2-2 model with major redesigns for almost all tanks and immobile DPS.

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          July 19, 2023 6:48 PM

          Like, DOTA had been around for six years before The International, and it was just barely at a point where a real competitive meta and scene had come around. Same with other successful esports.

          OWL just jumped the gun by a lot, no doubt because Kotick saw franchise dollars like what was happening at Roit with LoL

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        July 19, 2023 7:22 PM

        I've always felt that e-sports should be community and hobby driven and never really about profit. It's like sports, nobody owns these ball games and yet people come back to play them. In that sense I think free to play was a great decision. As for forcing 5v5 and role queue? They should just open it up and let the community decide whichever is the most fun at any moment

        • Zek legacy 10 years legacy 20 years
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          July 19, 2023 7:30 PM

          Yeah I really don't like this format. Why are they emulating real life sports with gamers as their demographic? Their only gimmick is the city-based teams, but they all just bring in foreign players so it's all bullshit. I guess that's how RL sports are too, but that's not a good thing.

        • reply
          July 19, 2023 8:30 PM

          Open queue exists and is a ghost town for good reason, same with the 6v6 modes

          • reply
            July 19, 2023 9:31 PM

            could be a ui issue

            • reply
              July 19, 2023 9:49 PM

              QP and competitive open queue buttons are either at or near the center. Its just not as good as role queue, even with the open queue tank HP reduced to compensate

    • reply
      July 19, 2023 10:06 AM

      Yeah, it's done. Between this and the gutting of PVE I don't think the game has much of a future. What a shame.

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