League of Legends
GameBy Riot Games · Released Oct 27, 2009
Documents about League of Legends
Top Games in Live-Streaming: December 2023
The live-streaming landscape experienced significant volatility in December 2023, driven primarily by major industry announcements, seasonal content updates, and high-profile esports tournaments.
- Grand Theft Auto V dominated December 2023 with 207 million hours watched, a 63% increase driven by the official trailer release for GTA VI.
- Fortnite maintained the second-place position with 135 million hours watched, supported by the launch of Chapter 5, Season 1 and new game modes including Lego Fortnite and Rocket Racing.
- League of Legends dropped from the top spot in November to third place in December, experiencing a 31% decline in viewership.
Riot Confirms Negotiations With Saudi’s Esports World Cup Foundation
Riot Games has confirmed that it is in active negotiations with the Esports World Cup Foundation regarding potential participation in the Saudi Arabian government-backed tournament series.
- Riot Games has confirmed it is in active negotiations with the Esports World Cup Foundation regarding potential participation in the Saudi-backed tournament series.
- No final agreements have been reached, and Riot is currently evaluating whether such third-party events can fit into its 2024 competitive calendar.
- Riot stated that it is exploring third-party partnerships to provide teams and players with additional revenue streams and competitive opportunities, citing the 2023 Asian Games as a successful model.
NODWIN Gaming Injects $3.9M USD Into Freaks 4U Gaming
NODWIN Gaming, a subsidiary of India-based Nazara Technologies, has entered into an agreement to provide a €3.6 million (approximately $3.9 million USD) convertible note to Berlin-based esports marketing and tournament organization firm Freaks 4U Gaming.
- NODWIN Gaming International Pte. Ltd. has signed an agreement to provide a €3.6M ($3.9M USD) convertible note to Berlin-based esports marketing and tournament organizer Freaks 4U Gaming.
- The convertible note can be converted into 7,366 shares of Freaks 4U Gaming at a future date, implying a company valuation of approximately €51.2M ($56.3M USD).
- NODWIN Gaming, a subsidiary of India-based Nazara Technologies, intends to use this partnership to strengthen its presence and capabilities in the PC gaming sector.
Cloud9 Esports Appoints Tim Mulligan to VP, Head of Sales
Cloud9 Esports has appointed Tim Mulligan as its new Vice President and Head of Sales, effective January 2024.
- Cloud9 Esports has appointed Tim Mulligan as its new VP, Head of Sales, effective January 2, 2024.
- Mulligan joins Cloud9 from XSET, where he previously served as VP, Head of Sales for over a year.
- In his new role at Cloud9, Mulligan is responsible for revenue generation, sponsor relationship management, strategic planning, and brand representation.
19 Mobile Games Crossed $1 Billion in Revenue in 2023
In 2023, the mobile gaming sector saw 19 titles reach the significant milestone of $1 billion in lifetime revenue.
- In 2023, 19 mobile games reached the $1 billion lifetime revenue milestone, accounting for the majority of the 26 total mobile apps that achieved this threshold during the year.
- Asian companies dominate the top-performing mobile sector, with 11 of the 19 billion-dollar titles developed or published by firms including Tencent, Bandai Namco, and Konami.
- The list of billion-dollar earners spans diverse genres, including MOBA, strategy, match-3, and sports simulations, featuring titles such as League of Legends: Wild Rift, Royal Match, and EA Sports FC.
Overwolf Pays $201 Million to In-Game Creators in 2023
Overwolf’s 2023 performance data highlights the significant growth of the user-generated content (UGC) economy within the global gaming industry.
- Overwolf paid $201 million to in-game creators in 2023, representing a 25% increase in payouts compared to the previous year.
- The Overwolf platform currently supports 178,000 creators and serves 100 million monthly active gamers.
- The company has set a long-term goal to distribute a total of $1 billion to in-game creators by 2030.
Cloud9 Acquires BLAST Premier Slot From Evil Geniuses
Cloud9 has officially secured a member team slot in the BLAST Premier Counter-Strike 2 competitive circuit for the 2024 season.
- Cloud9 has acquired Evil Geniuses' member slot in the BLAST Premier Counter-Strike 2 circuit for the 2024 season.
- The transaction followed a competitive bidding process, though the specific financial terms of the sale were not disclosed.
- Cloud9 will debut as a member team during the 2024 Spring Groups in Copenhagen, joining established partners such as Astralis, G2 Esports, and Team Liquid.
Just Chatting Beats Out Netflix’s Heavy Hitters
The live streaming landscape has experienced a significant shift in audience engagement, with interactive categories now outpacing traditional subscription-based entertainment.
- The 'Just Chatting' category on live streaming platforms reached 1.6 billion hours watched in the first half of 2023, significantly outperforming Netflix's top-performing content.
- Netflix's most-watched series in the first half of 2023, 'The Night Agent: Season 1', recorded less than half the hours watched of the 'Just Chatting' category.
- League of Legends was the second most-watched category in the first half of 2023 with 817 million hours watched, driven by major continental esports splits and the Mid-Season Invitational.
Riot Chooses GGTech for TFT Remix Rumble: North America
Riot Games has appointed GGTech Entertainment as the official tournament organizer and broadcast operator for the Teamfight Tactics (TFT) Remix Rumble set in North America.
- Riot Games has appointed GGTech Entertainment as the official tournament organizer and broadcast operator for the Teamfight Tactics (TFT) Remix Rumble season in North America.
- The tournament structure includes two cups, the K/DA Cup and the Heartsteel Cup, each featuring a $12,500 prize pool, followed by a Regional Finals event with a $35,000 prize pool.
- The Remix Rumble set, launched on November 21, 2023, marks a strategic shift for Riot Games toward a schedule of three TFT sets annually, with each set duration extended to four months.
Giants Gaming, EXCEL Esports Merge
The esports industry saw a significant consolidation in December 2023 with the merger of UK-based EXCEL Esports and Spain-based Giants Gaming.
- UK-based EXCEL Esports and Spain-based Giants Gaming have merged to form a new entity named GiantX.
- The new organization will be led by co-CEOs Tim Reichert and Jose Diaz.
- GiantX will maintain a combined workforce of approximately 60 employees across offices in London, Malaga, and a performance center in Berlin.
Players Choose Recipients of Riot Games Social Impact Fund
Riot Games has finalized the distribution of $4.5 million in charitable funding for 2023, a process driven by direct player participation.
- Riot Games allocated $4.5 million to charitable organizations in 2023, funded by proceeds from in-game items and content sales.
- The Riot Games Social Impact Fund has surpassed $50 million in total funds raised since its inception in 2019.
- Players cast approximately 589,000 votes across 28 global regions to determine the distribution of the 2023 funds.
Riot Games Names Mark Zimmerman LCS Commissioner
Riot Games has appointed Mark “MarkZ” Zimmerman as the new commissioner of the League of Legends Championship Series (LCS) for the 2024 season.
- Riot Games has appointed Mark “MarkZ” Zimmerman as the new LCS Commissioner for the 2024 season, replacing Jackie Felling.
- The LCS will return to a weekend broadcast format for 2024, reversing the 2023 experiment that utilized a weekday schedule.
- The league is reducing its number of participating teams from 10 to eight for the 2024 season.
Companies behind it
Riot Gamesdeveloper, publisher, owner329
Tencent Holdingsowner, publisher720
Overwolfowner30- NAVERowner2
- Riotowner324
As the documents state it.