Why Is The AESE Stock Surging 17% In Premarket Today?

Allied Esports Entertainment Inc. (AESE) gained 16.96% on Friday at $2.62, as of the last check in the premarket session. In the last trading session, shares of Allied Esports lost -2.61% to close at $2.24. The price of AESE stock ranged between $2.24 and $2.3308 on the day.

AESE stock traded 3.18 million shares compared with its daily average of 3.63 million shares over the past 100 days. Over the last five days, AESE shares have fallen by -3.03%, while they have lost -7.44% in the last month.  AESE stock has been surging since AE studios were launched.

Why did AESE launch the studios?

Allied Esports, among Fast Company’s 10 Most Innovative Companies, provides globally renowned properties, live events, and production services that elevate creators, competitions, and content. HyperX Esports Arena Las Vegas, AESE’s flagship venue and the world’s largest esports venue, as well as the first mobile 18-wheel arenas, are owned and operated by the company. North America, Europe, China and Australia are represented in the AESE Property Network, which is the first esports venue affiliate program in the world. It includes Fortress Melbourne, which has an international reputation.

Allied Esports launched AE Studios this week as its original content development, storytelling, and production services division.

  • AESE recently launched AE Studios to assist partners who are interested in a turnkey solution outside of online tournament productions.
  • AESE has launched AE Studios to meet the needs of the entertainment industry beyond esports tournaments and broadcasts.
  • AESE will use AE Studios to design and produce digital-first projects for clients and partners across a variety of industries, including gaming, entertainment, pop culture, music, and sports.
  • Doing so, AESE leveraged its years of digital content creation, experienced global production team, and world-class facilities, including HyperX Esports Arena Las Vegas and its production studio in Hamburg, Germany.
  • The live production of CelebriTee Showdown on Twitch Sports is AE Studios’ first official project.
  • On the desktop and mobile versions of the game, streamers will compete from home while celebrity players compete on the virtual versions of golf courses from around the world.

This is where AESE’s potential lies:

With years as a professional esports organization, Allied Esports (AESE) is primed to deliver creative solutions outside of the realm of pure gaming competition, using professional, experienced, digitally-first production to deliver a compelling story. AESE’s AE Studios is poised to be a leading entertainment producer with its unique foundation, at a time when content is being used to reach ever-increasing audiences around the world.

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