To be honest, I only saw this in the morning. It is a day old and the Guardian (at https://www.theguardian.com/sport/2022/mar/21/saudi-arabia-expands-its-sportswashing-ambitions-to-the-world-of-gaming) gives us ‘Saudi Arabia expands its sportswashing ambitions to the world of gaming’. This is a fortunate roll for me, the $400M-$600M (low estimation) of new IP (which is not on my blog) was initially available for Google (Stadia), and more available to Amazon (Luna) is now also an option for the Kingdom of Saudi Arabia. The third player in this hand has a few interesting benefits, not that Amazon would not prosper, but it opens a new stage and it also brings the Google Stadia into this fold. You see the article gives us “The kingdom’s sovereign wealth fund – a $500bn entity chaired by Crown Prince Mohammed bin Salman – announced a new gaming company in January 2022 with the intention of staking its claim in the booming industry.” Now consider a stage that this same setting gives you another arm that will allow for well over $400,000,000 which is set aside from the other avenues, but to a larger degree will offer a new income prospect and that is not something anyone would pass up, well Microsoft will have to pass up, because it is not on offer for them (so there).
There are options opening when we see “The Savvy Gaming Group went on to purchase ESL Gaming – one of the largest independent eSport entities in the world – from Sweden-based Modern Times Group in an all-cash transaction of $1.05bn. It also purchased FACEIT, one of the biggest tournament organisers in eSports, for $500m, and later merged the two entities to form the ESL FACEIT Group.” Yet this all sets a new premise, one that I (and many others had not considered). This implies that Saudi Arabia will also set the stage that 4 clusters with up to 450,000,000 million gamers come towards the new light and there my IP will flourish, it will because I took into consideration a factor that all other gaming entities had overlooked and now my idea makes a whole lot of new sense (it was already making sense) but now more so and it is theirs for $50,000,000 post taxation (with a few additional items). So I will let you ponder how interesting a $50M investment is if you would end up with well over $400M. That is a mere 12.5% investment (expected less than that), good odds I say.
So when we take notice of “Saudi launched a new billion-dollar initiative to transform the kingdom into a leading digital entertainment hub. The initiative, aptly named Ignite, is expected to fund the development of new games, as well as infrastructure for gaming studios and arenas. The kingdom also revealed plans to establish a big budget games studio in Neom, the proposed futuristic $500bn mega city in the Saudi desert. The studio, which is expected to produce and distribute games by a major publisher, would be the first of its kind in the Middle East.” Makes it all come full circle, a setting that we all overlooked and my IP is something they might be overlooking and a stage where you get three clusters representing well over $400M is not something one does callously.
And at this point some will say “you are blowing your own horn”, my response would be, yes, so what? No one was looking there, Amazon could have bought it, Google decided not to go there and Microsoft is not worthy, and now the Kingdom of Saudi Arabia becomes a whole new dimension in a setting I never considered them in. In the end, it does not matter who gets me my $50,000,000 (post taxation). It is not greed, it is a mere retirement umbrella allowing me to have a kick ass vacation until I become that player that pushes up the daisies. A larger stage that was out in the open for well over a decade, and no one bothered to look there. I did and now (I hope) that my setting allows me for some platinum class R&R, can you blame me? All this is also reinforced by “Gaming consumption in the kingdom is projected to reach $6.8bn by 2030, according to the Boston Consulting Group, an entity that has worked closely with the Saudi crown prince to enhance his image.” And a stage where a prediction gets them a chunk of that money (over 5.8%) in the beginning stage is not something that should be cast aside. It will go higher, I just cannot say how high, because this has never be done before and I am not one to blow my own trumpet in an unrealistic fashion, what I have I can support (to the buyer), I reckon that the Boston Consulting Group could make that number a lot higher and support that setting, but that is an educated guess (aka presumption). And lets face it, if you got 10% of what you state will be the pot in 2030, is offered to you in 2022, would you pass up that setting? I will let you decide.