It has been oficially announced that Turner and WME | IMG's venture into esports will be called the "ELEAGUE" and will offer a $1.2 million prize-pot per season ($2.4 million total).
While original reports of Turner (officially called Turner Broadcasting System, Inc.) teaming up with WME | IMG to televise a CS:GO league in the United States had a tone of hearsay to them, news continued to accrue and solidify comfirming the existence of such a league.
During the slate of CS:GO events in the US in November, Turner crews were spotted filming B-roll and shooting exclusive interviews with various players, which added to the confirmations of players who would be participating.
The Renegades have already been contributing "streamed content" for ELEAGUE
The company have released a press statement reiterating many of the already known facts: the CS:GO league will take place twice a year with ten-week intervals as well as Friday night games from the station's Atlanta studio being televised on the TBS public cable channel. Teams will also provide a plethora of digital content ("30 hours") each week.
Of more pertinent interest is the promotional video included in the announcement (which can be seen here), which mentions a $1.2 million prize-pot (this amount has been confirmed as per season, thus $2.4 million total for the year) for the league, which is now known as the "ELEAGUE."
The video also specifies that fifteen teams will take part, many of which can be guessed at due to their appearance in the video. More information about the ELEAGUE, which is to debut in the summer, is to be announced later this year.
stich writes for HLTV.org and can be found on Twitter
*Update: The original text now reflects the fact that ELEAGUE will offer $1.2 million per season, thus $2.4 million for the year.