The joint venture, T1 Entertainment, will comprise operations in Seoul, Philadelphia and Los Angeles. It is expected to become one of the top e-sports operations in the world upon its establishment.
The two companies plan to combine the SK Telecom T1 League of Legends Champions Korea team, as well as teams in popular competitive games including Fortnite, PlayerUnknown’s Battlegrounds, Super Smash Brothers, Hearthstone and Apex Legends.
The merger agreement was announced by SK Telecom president and CEO Park Jung-Ho and Comcast Spectacor Gaming president Tucker Roberts at Mobile World Congress in Barcelona yesterday.
“We are delighted to announce the joint venture with Comcast Spectacor. We at SK Telecom feel that esports is becoming increasingly more popular, especially among the young generation. We have thus founded T1 in 2004 and made the number one team in Korea,” Park Jung-Ho said.
“Together with Comcast Spectacor, we hope to become the global number one team.”
Comcast Spectacor is a subsidiary of Comcast Corporation, one of the top cable TV providers in the US.