(Fixes paragraph breaks) STOCKHOLM, July 23 (Reuters) - ESL and DreamHack, both ownedby Sweden's e-sports and gaming firm MTG, have entereda partnership agreement with live streaming platform Huyaas the Swedish company seeks to expand in the boomingChinese e-sports market. MTG said the deal with Huya, which is backed by internetgiant Tencent, made the Chinese firm an exclusivedigital media partner of e-sports competitions in severalChinese languages and dialects. It had said earlier this year that talks with Huya over ajoint venture to break into the market were terminated. As part of the deal, Huya will gain exclusive rights tobroadcast and distribute big tournaments from MTG's e-sportscompanies ESL And DreamHack, the Swedish company said in astatement. The Chinese e-sports market is the largest in the worldfollowed by North America, according to Newzoo. The analyticsfirm expects global e-sports revenues to grow by 15.7% this yearto $1.1 billion. E-sports, which represents around 40% of MTG revenues, isnegatively affected by the coronavirus as it is built aroundlarge live events, while the company's gaming business has copedbetter. MTG said in March that it expects e-sports revenues todecline by 35-45% in the first six months of the year, with animproved performance in the second half. The company, which spun off its media and TV business NENTin 2018, is due to report second-quarter earnings at1200 GMT. REUTERS
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