(AllHipHop News) Anthony “Top Dawg” Tiffith is the latest minority stakeholder of ReKTGlobal. The Top Dawg Entertainment founder/CEO joins Steve Aoki, Imagine Dragons, Nicky Romero, Rudy Gobert, Landon Collins, Taylor Fritz, and Nick Gross as investors in the parent company of the professional esports organizations Rogue and London Royal Ravens.
“Anthony is a trailblazer in the music industry and an incredible addition to the ReKTGlobal ownership team,” says Amish Shah, co-founder of ReKTGlobal. “He has a strong business acumen, a propensity for finding and grooming Hip Hop’s biggest artists, and an understanding of how to balance artistic integrity, all while achieving massive commercial success.”
Shah continues, “He even goes above and beyond for his community, like recently covering rent for over 300 L.A. families. That passion for both talent and community is something we really admire and respect, and we couldn’t be more honored to welcome him to the ReKTGlobal family as we continue to bridge the gap between the world of esports and entertainment.”
After establishing the TDE label in 2004, Tiffith assisted in launching the music careers of Kendrick Lamar, SZA, ScHoolBoy Q, Jay Rock, Ab-Soul, SiR, Isaiah Rashad, and Reason. Besides being a co-owner, he will also serve as a strategic advisor to ReKTGlobal. That position will allow the California-based entrepreneur to explore opportunities for merchandise/apparel development, music collaborations, and brand partnerships.
“Esports is a hot industry and one I’ve wanted to break into for a long time, but until now, never found the right partner to make it worth it. ReKTGlobal was that game-changer for me,” says Tiffith. “Along with some of the most exciting teams in esports, ReKTGlobal’s vision, power, and hustle is undeniable, and I know we’ll do great things together to take over the Hip Hop and esports world.”
According to Business Insider Intelligence estimates, esports viewership is expected to grow from 454 million in 2019 to 646 million in 2023. Revenue for the industry reportedly exceeded $1 billion last year with total revenues likely to hit $2.3 billion within three years. Esports currently generate more revenue than American Major League Soccer and the English Football League Championship.
The number of investments in esports by venture capitalists and private equity firms purportedly doubled from 34 in 2017 to 68 in 2018. Financing rose from $490 million in 2017 to $4.5 billion in 2018, a year-over-year growth rate of 837%. Other music industry figures such as Sean “Diddy” Combs, Drake, Offset, Pusha T, Logic, The Weeknd, and Post Malone are also part-owners of esports organizations.