After enduring a long period of adversity, Blizzard has finally announced that the current model of the Overwatch League is no longer viable and will undergo a format transformation, the specifics of which have yet to be disclosed. However, they will share additional details soon.
The Overwatch League debuted in early 2018, following a sports league-like structure where teams representing major cities around the world aimed to generate a devoted fan base in their respective locations. Nevertheless, the league faced numerous challenges, such as exorbitant team investments (with initial fees of $20 million per team and later skyrocketing to $60 million), the impact of COVID preventing live events and ticket sales, a decline in popularity within the Overwatch game itself, and sponsor withdrawals due to internal sexual harassment issues at Blizzard. As a result, the league could only sustain for six seasons, ultimately concluding in October 2023 with the Florida Mayhem emerging as the final champions.
TLDR: Blizzard has announced the discontinuation of the current Overwatch League model and intends to revamp its format, with further details being revealed soon. Despite its initial promise, the league faced insurmountable obstacles, leading to its premature conclusion after only six seasons, with the Florida Mayhem claiming the ultimate victory.