Split With Founders Sends Major League Gaming CEO Packing

The founders of Major League Gaming and the league's CEO have parted ways over a difference in how the professional gaming league should be expanding, with the ousted chief apparently not getting support for more aggressive growth plans.

Matthew Bromberg ran the New York-based league for the past four and a half years; he's out, telling VentureBeat that "There was a feeling among the founders that it was time to scale back our ambitions and grow more slowly. That isn't in my nature, and was not my plan."

The two sides couldn't resolve their differences, and both figured it'd be better if Bromberg hit the trail.
Bromberg will remain as an advisor with the firm that is MLG's primary investor. Founder Sundance DiGiovanni will take over as the interim CEO. He says that while MLG heard "divergent opinions about the focus for the company" at a recent board meeting, the company's overall strategy isn't changing. "It's just a change in the velocity at which we are attempting to travel," DiGiovanni said.

Founded in 2002, MLG has partnerships with A-list brands like ESPN and Doritos, and averages 10,000 attendees at its Pro Circuit events held across the U.S. DiGiovanni said MLG is close to becoming consistently profitable, and would consider becoming the permanent chief executive if asked to do so.

Major League Gaming CEO Resigns in Split Over Growth Plans [VentureBeat]