OGN to Shut Down at the End of the Year – The Esports Observer|home of essential esports business news and insights


South Korean video game and esports-focused cable television channel OGN (formerly Ongamenet), which is a part of CJ ENM’s CJ E&M division, will shut down on Dec. 31, according to sources. The news, which was first reported by Fomos reporter Kim Yong-woo on Wednesday, is based on the statements from multiple sources familiar with the company’s esports and cable advertisement division.

Kim quoted sources familiar with the matter, who stated that OGN suffered from a drop in advertisement revenues due to the COVID-19 pandemic and is currently transferring personnel within the corporation. Further, it was added that it is unknown whether OGN will be abolished or merged into another channel.

OGN, which was founded 20 years ago in 2000, is the world’s first esports and gaming-dedicated broadcasting station. The channel grew with formats such as the popular StarCraft leagues Ongamenet Starleague (OSL) and Proleague. Over the last couple of years, the channel’s viewership declined as game publishers ventured into creating their own broadcasting studios for their IPs. Nielsen’s viewership rating for OGN was 0.005 in September, the lowest rating of all channels in the CJ ENM’s portfolio.

The reports have not been confirmed by either CJ ENM or OGN as of this writing.



Source link

Related posts

Leave a Comment