OverActive Media

OverActive Media (OAM), previously known as The Ledger Group, is a esports and entertainment company that fields teams across multiple esports titles through its subsidiaries, including the Overwatch League and Call of Duty League. They also own esports organization MAD Lions, competing in Counter-Strike: Global Offensive and League of Legends as part of the League of Legends European Championship,

OverActive Media
FormerlyThe Ledger Group
TSX-V: OAM
Founded2018
Key people
Adam Adamou (CEO)
RevenueIncrease CA$14.2 million (2021)
Decrease CA$−4.8 million (2021)
Total assetsIncrease CA$135.5 million (2021)
Total equityIncrease CA$81.9 million (2021)
Subsidiaries
WebsiteOfficial website
Footnotes / references
[1]

History

OverActive Media's was originally branded as The Ledger Group, a Toronto-based group focused on blockchain-enabled companies.[2] In April 2018, the company announced that it would look to expand in esports franchises. The Ledger Group went on to make investments in Askott Entertainment and Enthusiast Gaming, and after a $1.5 million investment in Splyce, they shifted from an investment platform to an ownership platform and rebranded to OverActive Media.[3][4] In 2018, OAM and Splyce agreed to purchase a team, later branded as the Toronto Defiant, in the Overwatch League for the league's upcoming 2019 season.[2] On November 21, 2018, OAM announced that it entered an agreement in principle to acquire Splyce.[5] In 2019, OAM purchased a franchise spot in Activion-Blizzard's Call of Duty League, establishing Toronto Ultra.[2]

In July 2020, ESPN reported that OverActive Media would be building a 7,000- to 10,000-seat esports arena at Exhibition Place in Toronto to serve as the home arena to the Toronto Defiant and Toronto Ultra.[2] The report was confirmed in February 2021, as OverActive Media announced the venue. The $500 million project is expected to be the home arena for their esports teams, as well as host mid-sized music concerts and other events.[6] OAM was given full approval by the Toronto City Council as of December 16, 2021. The arena is expected to break ground in 2022 and is expected to be completed in 2025.[7]

References
  1. "OverActive Media Reports Fourth Quarter and Full Year 2021 Financial Results". Global Newswire. April 19, 2022. Retrieved May 17, 2022.
  2. Wolf, Jacob (July 14, 2020). "Defiant, Ultra owners to build esports arena in Toronto". ESPN. Retrieved March 15, 2022.
  3. Mitrevski, Lydia (April 25, 2019). "Splyce gains $1.5m investment from The Ledger Group". Esports Insider. Retrieved October 25, 2019.
  4. Ashton, Graham (April 25, 2018). "The Ledger Group to Invest $1.5M in Splyce". The Esports Observer. Sports Business Journal. Retrieved October 25, 2019.
  5. Hayward, Andrew (November 21, 2018). "Update: OverActive Media Group Fully Acquires Splyce". The Esports Observer. Sports Business Journal. Retrieved October 25, 2019.
  6. Stern, Adam (April 7, 2021). "Overholt Says Vision for OverActive Media Group is Becoming Reality". The Esports Observer. Sports Business Journal. Retrieved March 15, 2022.
  7. Czar, Michael (December 18, 2021). "OverActive Media talk about new forward-thinking Toronto esports venue". Upcomer. Retrieved March 15, 2022.
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