[0:00] oh yeah we haven't talked about phase
[0:03] up
[0:10] so this is interesting I'm sure all of
[0:12] you know FaZe went public and initially
[0:15] their stock was doing pretty well
[0:18] it was Trading
[0:20] you know nicely for them
[0:24] and then it wasn't and now it's trading
[0:28] so poorly that they're at risk of
[0:30] getting delisted
[0:35] so
[0:37] phase not super up at the moment
[0:40] let's see tier one Chris and the
[0:42] resubmicro and will
[0:44] I don't know exactly what the reason is
[0:48] I haven't looked too deep into it I'm
[0:50] not exactly sure what led to it
[0:53] but uh it's not looking good
[1:01] they spend money but don't make money
[1:04] that's the majority of Esports orgs
[1:06] though the vast majority of Esports orgs
[1:09] I don't know how many times I've talked
[1:11] about it now but Esports does not
[1:12] generate money
[1:14] very very rarely and usually if an
[1:15] Esports org generates money it's because
[1:17] of merch voice crack merch and [ __ ] not
[1:19] the actual Esports itself and I'll tell
[1:21] you one thing that's generating zero
[1:22] dollars for phase is Snoop Dogg
[1:25] I don't know why the [ __ ] they even
[1:27] signed Snoop Dogg he has taken one
[1:29] picture with a phase chain and done
[1:31] nothing else has he even appeared in a
[1:33] single phase post
[1:39] like it just seems like they spend money
[1:41] on things that turn nothing for them
[1:49] can FaZe be bought out I read something
[1:52] very interesting and I don't know how
[1:54] accurate it is I it was made as a [ __ ]
[1:57] post but it seems almost feasible if you
[2:00] got a big enough group together and you
[2:03] bought the phase dip and I'm talking
[2:04] like I think it was like 110 million or
[2:07] something
[2:08] I I don't recall the number but if you
[2:10] got a big enough group of your Reddit
[2:12] Pals together and you all put in 110 mil
[2:14] you could actually just kind of take
[2:16] over phase and be the majority
[2:17] shareholder
[2:20] so that probably wouldn't be good though
[2:24] it couldn't be worse than where phase is
[2:25] at right now I guess
[2:30] moist Esports hostile takeover win yeah
[2:34] this is going to be a shock we don't
[2:35] have 110 million to play with plus I
[2:37] don't think there'd be any reason to own
[2:39] phase right now
[2:42] you don't really get anything clearly
[2:44] but I mean like you also just don't get
[2:46] a whole lot in general
[2:49] they have a lot of teams the teams are
[2:52] good too but outside of that you just
[2:55] take on a ton of debt
[3:06] the market Cap's 50 the market cap 50
[3:09] mil now
[3:10] when I was reading about it was like a
[3:11] hundred I didn't even look at them oh
[3:13] you're right wow I didn't even look at
[3:14] it
[3:22] it would be cheaper to buy them instead
[3:23] of buying into the Cod Championship you
[3:26] mean the CDL
[3:28] then uh it'd still be more expensive to
[3:30] buy All Phase but not by much it's like
[3:32] 20 mil to get into the CDL scam
[3:36] I think the bits Rin and swavy
[3:40] oh Heat
[3:42] Dwyane Wade used to be one of my
[3:44] favorite players
[3:48] I saw that video swaby I didn't I didn't
[3:50] know he was being charged for it though
[4:06] what goes into deciding to sign a player
[4:08] well the only time you're ever signing
[4:10] an individual player is in like the fgc
[4:11] and clearly what goes into that is is
[4:13] this player capable of winning
[4:14] championships if the answer is yes then
[4:16] we strongly consider it
[4:18] like right now I really want to get us
[4:20] into Street Fighter
[4:22] because I've been really getting into
[4:23] watching Street Fighter since six is
[4:25] around the corner so I went back and
[4:26] started watching some of five
[4:27] tournaments I was even watching um salt
[4:29] mine today
[4:30] so I've been getting kind of hype about
[4:32] Street Fighter So eventually we'll sign
[4:34] a street fighter player
[4:35] and then that we're just looking at who
[4:38] is the best who is hype who can win
[4:40] everything
[4:42] but usually it's teams and you look at
[4:44] how much does this team cost
[4:47] is this team capable of winning
[4:49] is this scene worth being in
[4:53] it's usually pretty simple but always
[4:55] the common denominator is is the team
[4:58] good are the players good
[5:05] if you take all the teams in phaser in
[5:08] would it be below 50 mil
[5:10] if moist Esports just had a presence and
[5:13] every game phases and would it be below
[5:14] 50 mil yeah absolutely phase has a I'll
[5:18] tell you right now phases Esports teams
[5:20] are the least valuable thing they have
[5:22] under their brand
[5:23] you just lose money on the Esports teams
[5:26] what phase has that has value for a lot
[5:28] of the investors and the company as a
[5:30] whole is their creators that are driving
[5:32] merch sales they're driving event ticket
[5:34] sales that's where their movers are
[5:37] investors and [ __ ] could give a [ __ ]
[5:39] less about them having a good CS go team
[5:41] or having one of the best Smash Brothers
[5:43] players with Spargo they don't give a
[5:44] [ __ ] they only care about the creators
[5:47] under their belt and what they can do to
[5:48] move that needle
[5:50] the product they can pedal and push
[6:02] is Joey Fury not with an org right now
[6:04] I'm pretty I thought I saw him sign with
[6:06] an org pretty recently Joey Joey Fury
[6:08] used to come by and win our Tekken
[6:10] tournaments that I'd host on stream I
[6:12] like Joey
[6:13] thanks for Tiberius and Mars and chronix
[6:17] or Kron
[6:22] Theresa rum
[6:31] you gonna get are you getting into the
[6:33] new Tekken oh God yeah I'm super excited
[6:35] for Tekken hate Street Fighter 6 and
[6:36] Tekken eight I am super hyped for
[6:45] is there a possibility moisty Sports
[6:46] gonna release some shares what us taking
[6:49] it public absolutely not what what in
[6:52] the [ __ ] would that do for us
[7:02] you can juice the stock
[7:05] yeah that sounds that sounds good yeah
[7:08] I'm sure that would work cool
[7:16] what was faze's plan with going public I
[7:19] gotta be honest with you I have no
[7:21] [ __ ] clue I was surprised that this
[7:23] ever did well at any point I thought for
[7:25] sure them going public would insta crash
[7:27] and burn but it was doing very well for
[7:30] a good chunk of time all the way up
[7:32] until it wasn't
[7:36] going public gives you a lot of money so
[7:38] basically cashing out if you remember
[7:39] icos from crypto basically that
[7:42] I guess to a certain extent
[7:46] but I just I don't know I feel like they
[7:48] could have cashed out in a different way
[7:50] though maybe not as big a way and I'm
[7:53] not knowledgeable enough on exactly
[7:54] what's going on with their financials so
[7:56] I can't say for certain
[7:58] it just seems like an interesting idea
[8:00] to do that if the goal truly was just
[8:02] cash out quickly offset some of the cost
[8:09] you ever started Valor CS go team
[8:12] oh we want to
[8:15] we've got we've got some cool news
[8:17] coming around the corner we've got a lot
[8:19] of cool [ __ ] cooked up
[8:21] we got Ludwig on board now and we've got
[8:23] some big plans on the horizon so just
[8:25] stay tuned
[8:28] why are Esports teams so expensive
[8:30] that's a question I get asked a lot and
[8:31] I'm always surprised people don't know
[8:34] why they're expensive even from just a
[8:36] salary perspective that's a ton of money
[8:38] take a team you know let's take rocket
[8:40] League rocket League you're paying four
[8:41] people salaries three players and a
[8:43] coach and sometimes a manager if your
[8:45] team wants a manager has a manager
[8:47] those are monthly payments and they're
[8:50] not cheap payments far from it
[8:52] and now go to something like CS go
[8:55] or hey we'll do something even more easy
[8:58] to understand we'll do valorant because
[8:59] that one gets talked about so much with
[9:00] its money you take a validate player at
[9:03] the top level some of them are making
[9:04] 20K a month and that's like a pretty
[9:07] high level valid player that's one
[9:08] player you have to feel the whole team
[9:10] plus a coach so multiply that by five
[9:13] six you're doing that every month
[9:17] that's one team
[9:19] and then you have to pay their travel
[9:20] for the big events
[9:22] so you have to pay their travel on top
[9:24] of that for all those people on top of
[9:26] those salaries for one event
[9:28] while you're paying these a month
[9:32] like it adds up super quick with just
[9:34] salaries and travel alone
[9:44] 20K sounds High well that's the value of
[9:47] a valorant right now man valorant
[9:49] players at a top level are making a ton
[9:51] of money I would imagine the ones that
[9:53] are also creators make far more than 20K
[9:55] a month off just their salaries from
[9:56] their orgs if you take a top level valid
[9:59] player who is also a content creator
[10:00] their value is even higher they're
[10:02] probably getting paid somewhere in that
[10:04] 30 40K ballpark
[10:07] I would I'm that I'm spitballing on 20K
[10:10] I do know for some of the top valorant
[10:12] players that aren't content creators but
[10:14] I imagine the ones that also do double
[10:15] as like streamers and [ __ ] make more
[10:18] from their org
[10:22] and that's just one player out of that
[10:24] team
[10:27] so it's very very very expensive
[10:32] I think it's a tier one donut and a bit
[10:34] snirt
[10:36] yeah of course nert
[10:45] 20K a year 20K a month
[10:47] brother a month I liked how you
[10:50] immediately went to a year because of
[10:51] how high that number is
[10:53] a month
[10:58] is there contracts like in normal Sports
[11:00] of course there is
[11:04] why are they why are salaries how they
[11:06] play video games
[11:08] why are athletes salaries high they play
[11:10] games they play sports
[11:13] because this the industry is Big then
[11:16] they know they're worth
[11:17] so example we'll stick with valorent
[11:19] just because I think it's an easy one
[11:20] Valor viewership your Org gets seen by a
[11:23] ton of people your Org gets fans those
[11:24] fans by your merch you're hoping to make
[11:26] money back on the team your team wins
[11:28] the championship there's a monetary
[11:29] prize on that millions of dollars you
[11:31] take a percentage of that winning so
[11:33] you're making money
[11:35] you're investing in the team you're
[11:37] investing in a team's potential and
[11:38] investing in potential fans that'll
[11:40] purchase your [ __ ]
[11:43] now that model works
[11:45] poorly for every Esports org that's why
[11:48] most of them just don't make money net
[11:50] loss for all of them
[11:52] but that's how it goes
[11:55] moist Esports takes zero percent of
[11:57] winnings so we don't even have that
[11:59] Avenue when we won the rocket League
[12:00] major that was a 90k prize for us that
[12:03] all went to the players so we don't see
[12:05] any of that
[12:07] so our strategy is make fun content so
[12:10] the watch parties for example
[12:14] that kind of thing
[12:16] and through the watch parties with like
[12:17] viewership and then we also have a
[12:20] sponsor with Opera GX that puts some
[12:23] money back in the investment
[12:30] at the end of the day content
[12:37] thanks it's Jim wool
[12:40] don't know about that Jim thanks a bit's
[12:42] Peyton
[12:47] and merch as well yeah our merch goes so
[12:50] [ __ ] hard
[12:51] I still think that track suit is one of
[12:53] the best goddamn things ever made
[12:58] that's a w but how do you stay afloat
[13:00] financially
[13:01] uh you can if you do X or um
[13:04] there's an exclamation point subs or
[13:06] subscribers I don't know
[13:08] take that number
[13:10] and what is it multiply by 2.5 3.5
[13:14] whatever
[13:15] that money goes into moist Esports every
[13:18] month
[13:20] so I put the whole twitch contract like
[13:23] everything I make on Twitch in the moist
[13:24] Esports
[13:29] easy resubmed metal crew
[13:33] how do you make money then I don't it's
[13:35] the content
[13:39] I'm an investor then I made a joke about
[13:42] that a while ago but it's not super
[13:43] far-fetched I guess really appreciate
[13:45] the generosity dong thank you man
[13:49] thanks for the fat drop dung
[13:55] nice the bit's broken and it gives up
[13:57] Josh and the reason precise
[14:01] negative Walker Subs wouldn't be enough
[14:04] to fund a valo team if they all made
[14:05] 240k a year right which is why we're not
[14:08] invalorate yet that's right now just out
[14:10] of our ballpark
[14:13] is Theresa mores
[14:16] what makes some games more expensive the
[14:19] popularity of the game the more popular
[14:21] the game the more expensive
[14:24] League of Legends is kind of the gold
[14:26] standard there league has a buy-in to be
[14:29] there
[14:30] and it has huge contracts for their
[14:33] players because it is the Premier esport
[14:36] or at least it was the LCS is dying it
[14:39] the LCS is having a big big big big fall
[14:41] off
[14:48] League should at League should add it to
[14:51] PS5 and Xbox
[14:54] it won't be as good but it'll bring it
[14:56] to a whole new audience
[14:59] you're saying bring League of Legends to
[15:01] PS5 in Xbox
[15:05] I mean [ __ ] it I mean why not I guess
[15:07] but I can't see that being like a great
[15:09] strategy if I'm being honest with you
[15:13] if they have like teams that aren't
[15:15] doing anything sure
[15:19] makes the resub school
[15:23] they are with wild Rift are they really
[15:34] is wild Rift coming to the PS5
[15:37] League of Legends wild Rift isn't coming
[15:39] to consoles or South Asia in 2022 that's
[15:42] the latest I've seen on that that's the
[15:44] most recent article
[15:48] should I invest in Phase it's so low
[15:50] it's got to go up at some point bro I'm
[15:52] not I'm like the last guy you should ask
[15:54] for investment advice I have no [ __ ]
[15:56] glue man you do what you want
[15:58] research it yourself make an educated
[16:00] decision on it don't ask me
[16:08] on the website it says it's coming to
[16:10] mobile and console okay maybe that's
[16:12] outdated info
[16:19] we got a game from GameStop must be why
[16:21] their stock is up
[16:23] one used game sale just drove GameStop
[16:25] stock price up five cents
[16:30] you're a hero
[16:33] [Music]