The creation of Moonlight Studios by GameSquare is a strategic move to strengthen its offerings in the gaming and esports sector. With the leadership of a former pro Fortnite player, the studio is likely to bring credibility and expertise, which could positively influence GameSquare's market position and appeal to investors. This news is directly related to GameSquare and is significant for investors, as it could lead to growth and new revenue streams. However, the actual impact on the stock will depend on the studio's success and market reception.