ITV, Sky invest in eSports channel

UK commercial broadcaster ITV and satcaster Sky have each paid £1.55m (US$2.01m) for a stake in the owner of 24-hour video gaming channel Ginx eSports TV.

The broadcast giants have taken 16.5% stakes in Ginx TV following their initial backing of the channel when it launched in June.

The channel, formerly known as Ginx TV, is billed as the only 24-hour eSports network in the UK and Ireland.

Its schedule features major eSports tournaments from across the globe, as well as independent programming.

Both ITV and Sky have the option to acquire further holdings in Ginx TV. If either party does not take up its option, the remaining party may have the option to acquire 100%.