OverActive Media announced that they will be building a new performance venue in Toronto. OverActive Media is an esports entertainment corporation that owns League of Legends team Mad Lions and Overwatch team Toronto Defiant, Call of Duty team Toronto Ultra, etc. By building the venue, they are set to make Toronto into Canada’s home of esports.

The total amount invested in building the venue is about $500M. The constructiuon is projected to be completed in 2025. OverActive Media plans to hold more than 200 events per year, mainly music and entertainment performances, moving on to major city-wide conventions, corporate events and product launches, awards shows, and a full slate of esports events increasing over time.

About the building, OverActive CEO Chris Overholt said, “We are building a world-leading, 21st-century sports media and entertainment company and this best-in-class performance venue will be the chosen home for a new generation of fans that think differently about their entertainment choices and experiences.”