Blog - Orbit Esport and Red Reserve join forces
Orbit Esport and the owners of Red Reserve have agreed a deal so that Red becomes a subsidiary of AB, the Swedish investor group that also owns Orbit Esport. All activities that presently are carried out under the Red Reserve brand will continue and as well, this venture will allow for new and exciting developments within the esports arena. Orbit will contribute know how, financing and network contacts whereas Red Reserve will merge all Red Reserve activities into the new company. The intention is also to widen the scope of Red Reserve to include more esports teams. Negotiations with potential players and teams to this effect are already in progress.
Red Reserve is a well-known actor and content creator within esports with a multimillion fan base. Within the gaming community, it is one of the most well-known and appreciated media channels in the sector.
Orbit Esport is an established operator and manager of esports teams. Orbit also invests in other esport related activities and has recently become the main owner of Battleriff Gaming, which is a rapid growing platform where gamers can challenge each other, man to man, for real money and participate in esports tournaments.
“We look forward to this cooperation which will give us muscles to make a still larger imprint on the esports market and bring new dimensions to the Red Reserve brand”
– Alex Kushelevskiy (Also known as Red Formula), the CEO of Red Reserve.
“We have since long had our eyes on Red Reserve and been impressed by the way they have established their brand within the esports communities. We are positive that the synergies of our cooperation will bring our joint venture to a successful and influential player on the esports market,”
– Patrik Andersson, CEO of Orbit Esport.