League of Legends
GameBy Riot Games · Released Oct 27, 2009
Documents about League of Legends
Allstar.gg Raises $12M USD From Drive Capital
Allstar.gg, a New York-based cloud-focused content creation platform, successfully secured $12 million in a Series A funding round led by the venture capital firm Drive Capital.
- Allstar.gg raised $12 million in a Series A funding round led by Drive Capital, bringing the company's total lifetime funding to $18 million.
- The cloud-based content creation platform currently serves 11.3 million users and has facilitated over 250 million views of shared gameplay clips.
- The company plans to use the new capital to accelerate product development and expand its technology to additional games and developer partnerships.
Worlds 2023: Media Value Analysis
The 2023 League of Legends World Championship, hosted in South Korea, generated approximately €133 million ($144.5 million USD) in total media value for event sponsors.
- The 2023 League of Legends World Championship generated a total media value of approximately $144.5M (€133M) for event sponsors.
- Co-streams were a significant driver of engagement, accounting for 45% of the total media value generated during the tournament.
- Amazon Web Services (AWS) was the top-performing brand, securing an estimated $24.4M (€22.6M) in media value, followed by Mercedes-Benz and Red Bull.
G2 Esports Takes Over Minnesota Røkkr
G2 Esports has finalized an agreement to acquire the assets of the Minnesota-based organization Version1, marking a significant consolidation within the North American esports landscape.
- G2 Esports has acquired the operating rights to the Call of Duty League franchise Minnesota Røkkr as part of a strategic partnership with the Version1 ownership group.
- As part of the deal, the ownership group behind Version1—which includes WISE Ventures and investor Gary Vaynerchuk—has become shareholders in G2 Esports.
- The Version1 brand is being put on hold, and the organization has effectively closed following the layoff of its North American staff.
Top Games in Live-Streaming: November 2023
The live-streaming landscape in November 2023 was characterized by significant shifts in viewership, driven largely by major content updates and seasonal events.
- League of Legends remained the most-watched game in November 2023 with 172.2 million hours watched, despite a 4% decline from the previous month.
- Fortnite experienced a 232% surge in viewership to 150.9 million hours, driven by the release of original game maps.
- World of Warcraft viewership more than doubled, increasing by 102% to 84.7 million hours due to server updates and specific streaming events.
Layoffs Hit Freaks 4U Gaming
Germany-based esports and gaming organization Freaks 4U Gaming has initiated a workforce reduction as part of a broader effort to address ongoing financial challenges within the current market environment.
- Germany-based esports company Freaks 4U Gaming is reducing its workforce by approximately 30 positions, moving from 215 to 185 employees by the end of 2023.
- The layoffs are a result of financial challenges and a strategic decision to scale back various esports operations.
- Freaks 4U Gaming is sunsetting 'Summoner’s Inn,' a platform that supported League of Legends in the DACH region for 10 years.
Marc Merrill Promoted to Newly Created Role of Chief Product Officer
Riot Games has appointed co-founder and former co-CEO Marc Merrill to the newly created position of Chief Product Officer.
- Riot Games co-founder and former co-CEO Marc Merrill has been appointed to the newly created role of Chief Product Officer.
- In his new position, Merrill will oversee the entire ecosystem of Riot’s product offerings, including League of Legends, Valorant, Teamfight Tactics, Wild Rift, Legends of Runeterra, and upcoming MMO and fighting game projects.
- Merrill will report directly to current Riot Games CEO Dylan Jadeja.
Shikenso Analytics Partners With Fnatic
The London-based esports organization Fnatic has entered into a partnership with Shikenso Analytics, a firm specializing in marketing and sponsorship measurement within the gaming and esports sectors.
- London-based esports organization Fnatic has entered a partnership with Shikenso Analytics to evaluate the performance of its marketing and sponsorship campaigns.
- Fnatic will utilize Shikenso’s AI-powered tools to track and measure partner integrations across live streams, video content, and social media channels.
- The financial terms and the duration of the partnership agreement between Fnatic and Shikenso Analytics were not disclosed.
Evil Geniuses and Golden Guardians Exit LCS: 2024
The League of Legends Championship Series (LCS) is undergoing a significant structural contraction, reducing its North American league from ten participating teams to eight for the 2024 season.
- Riot Games is reducing the League of Legends Championship Series (LCS) from 10 teams to eight for the 2024 season.
- Evil Geniuses and Golden Guardians will both exit the LCS at the end of 2023.
- The departures of these two organizations were mutually agreed upon with Riot Games.
Mastercard Launches Mastercard Gamer Academy
Mastercard has launched the Mastercard Gamer Academy, a professional development initiative designed to provide aspiring industry professionals with the mentorship, networking opportunities, and skill sets necessary to pursue careers in esports.
- Mastercard, in partnership with G2 Esports and Riot Games, has launched the 'Mastercard Gamer Academy' to provide professional development for individuals pursuing careers in the esports industry.
- The program will select 10 participants to receive mentorship, networking opportunities, and an educational curriculum covering marketing, content creation, and event execution.
- Participants will receive all-expense-paid trips to major 2024 events, including the League of Legends World Championship and Valorant Champions, as well as two visits to the G2 Esports headquarters in Berlin.
Shopify Rebellion to Acquire Version1’s Valorant Game Changers Team
Shopify Rebellion has moved to acquire the Valorant Game Changers team previously operated by Version1.
- Shopify Rebellion has acquired Version1’s Valorant Game Changers team, which is scheduled to compete in the Game Changers Championship beginning November 28, 2023.
- The acquired team is expected to compete under the Shopify Rebellion banner rather than the Version1 brand.
- Financial terms of the acquisition were not disclosed.
GAMERGY to Make U.S. Debut in March 2024
GGTech and MECENAS have announced plans to launch the international gaming and esports festival GAMERGY in the United States, with a debut event tentatively scheduled for March 21–24, 2024, in Miami, Florida.
- The esports and gaming festival GAMERGY is tentatively scheduled to make its U.S. debut in Miami, Florida, from March 21–24, 2024.
- The event is a joint venture between GGTech Entertainment and IFEMA, with support from MECENAS, and is intended to establish a long-term presence in the U.S. market.
- The festival will occupy an expo space of over 11,000 square meters (118,403 square feet) and feature a main stadium for esports competitions.
Infinite Reality, KOI Announce Amicable Separation
Metaverse company Infinite Reality and the Barcelona-based esports organization KOI have announced an amicable separation, concluding a strategic partnership established one year prior.
- Infinite Reality and esports organization KOI are ending their strategic partnership following the conclusion of Worlds 2023.
- Infinite Reality’s subsidiary, ReKTGlobal, will assume full ownership of the Carolina Royal Ravens (CDL), as well as its Rocket League, Rainbow Six: Siege, and LEC teams.
- KOI will take full control of its League of Legends LVP Superliga, FIFAe, and Valorant Champions Tour EMEA League teams, the latter pending Riot Games approval.
Companies behind it
Riot Gamesdeveloper, publisher, owner327
Tencent Holdingsowner, publisher717
Overwolfowner28- NAVERowner2
- Riotowner323
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