FaZe Clan Going Public with a $1 Billion SPAC Deal. FaZe Clan, massively popular among…
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The game industry is growing fast! Every day you can read our game news.
FaZe Clan (formerly FaZe Sniping) is a professional esports and entertainment organization headquartered in Los Angeles, United States. Founded on May 30, 2010, the organization has players from around the world, across multiple games, including Call of Duty, Counter-Strike: Global Offensive, PlayerUnknown’s Battlegrounds, Tom Clancy’s Rainbow Six Siege, FIFA, Valorant, Fortnite Battle Royale and Rocket League. In 2020, the organization expanded into the Asian market, acquiring a Thai PUBG Mobile and FIFA Online roster.
The game industry is growing by leaps and bounds. In 2020 alone, estimates place the market size at US$159.3 billion with a 9.3% CAGR.
According to data available on Steam, the median lifetime revenue per game is US$220,000 and the mean lifetime revenue is $2,669,000 (i.e. the tail is fat). These are extremely healthy profit margins considering the lower development cost of indie games.