A new undertaking backed with the aid of several of gaming’s most profitable founders is launching a new post-cable community in 2020, with aspirations to compete with the likes of ESL and Cheddar. VENN short for Video Game Entertainment and News Network introduced Tuesday it has raised $17 million in seed funding and will be led by using co-founders Ariel Horn, a four-time Emmy-winning producer, and entrepreneur Ben Kusin. VENN will supply 24/7 linear programming and will produce content material out of studios in each Los Angeles and New York. The coverage, which is anticipated to include 55 hours of original programming per week, will consist of gaming streams, speak shows, documentaries and stay esports events. The business enterprise has broadcasting deals with Twitch and YouTube and expects to be available on mediums like Roku and Sling, in accordance to the Associated Press. Competitors in the 24/7 esports broadcasting space are sparse, with ESL jogging on line streams round the clock on Twitch and in positive over-the-top TV offerings. Cheddar, which has its personal 24-hour network, additionally puts collectively authentic esports programming out of its studio in Manhattan. ESPN and Turner started out broadcasting esports in 2015 and 2016, respectively, and run esports applications during the 12 months on both linear and livestreaming platforms.