Amazon, Disney and Time Warner Look to Capitalize on Growing eSports Space

The eSports market is growing and a host of well-known companies are looking to make their mark in the space. 'eSports are organized gaming events on the competitive level,' said Chris Lederer, a principal with PwC's Strategy&, which compiled a report on the eSports market. 'It's a broad definition and it can include both online and at-home events or events inside stadiums.' Revenue for the global eSports market is expected to rise to $463 million in 2016, according to Newzoo, compared to $325 million in 2015. By 2019, the space could see revenue of $1.1 billion. Amazon (AMZN) - Get Report is one of the bigger players in the space right now with Twitch, a video outlet for gaming enthusiasts, which it acquired back in 2014 for almost $1 billion. TheStreet's Scott Gamm reports from Wall Street.