South Korean online game and esports-focused cable tv channel OGN (previously Ongamenet), which is part of CJ ENM’s CJ E&M division, will shut down on Dec. 31, in accordance with sources. The information, which was first reported by Fomos reporter Kim Yong-woo on Wednesday, is predicated on the statements from a number of sources conversant in the corporate’s esports and cable commercial division.
Kim quoted sources conversant in the matter, who acknowledged that OGN suffered from a drop in commercial revenues because of the COVID-19 pandemic and is presently transferring personnel inside the company. Additional, it was added that it’s unknown whether or not OGN will likely be abolished or merged into one other channel.
OGN, which was based 20 years in the past in 2000, is the world’s first esports and gaming-dedicated broadcasting station. The channel grew with codecs equivalent to the favored StarCraft leagues Ongamenet Starleague (OSL) and Proleague. Over the past couple of years, the channel’s viewership declined as recreation publishers ventured into creating their very own broadcasting studios for his or her IPs. Nielsen’s viewership ranking for OGN was 0.005 in September, the bottom ranking of all channels within the CJ ENM’s portfolio.
The experiences haven’t been confirmed by both CJ ENM or OGN as of this writing.