The stage at Burbank Studios set up for Overwatch League competition. (Robert Paul / Blizzard Entertainment)

The future of entertainment and its historic past collide on a Burbank, Calif., soundstage, just north of Hollywood. Not even Carnac the Magnificent could have seen it coming.

Blizzard Arena was created to host the inaugural season of the esports Overwatch League, whose 12 franchises reportedly fetched as much as $20 million each. League owners have ties to traditional sports t...

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