League of Legends
GameBy Riot Games · Released Oct 27, 2009
Documents about League of Legends
DreamHack San Diego Economic Impact Report: USA
The DreamHack San Diego gaming and esports festival, held from April 7–9, 2023, at the San Diego Convention Center, generated an estimated $4.7 million in economic impact for the local San Diego economy.
- DreamHack San Diego generated an estimated $4.7 million in economic impact for the local economy during its three-day run from April 7–9, 2023.
- The event attracted over 41,000 total attendees, marking it as the largest DreamHack festival held in the United States to date.
- The festival, hosted at the San Diego Convention Center and owned by ESL FACEIT Group, featured various gaming lifestyle activities including exhibitor booths, musical performances, and retro arcades.
SK Gaming Partners With CHERRY XTRFY
The German esports organization SK Gaming has entered into a strategic partnership with gaming peripherals manufacturer CHERRY XTRFY.
- German esports organization SK Gaming has entered into a partnership agreement with gaming peripherals manufacturer CHERRY XTRFY.
- CHERRY XTRFY will supply gaming peripherals to all SK Gaming players, content creators, and staff, while also equipping the organization's facilities in Berlin and Cologne.
- The partnership includes collaborative marketing initiatives, community engagement activities, and joint launch events.
FURIA Hires Two New Executives to Shore up DEI, Content Creation Efforts
The Brazilian esports organization FURIA has expanded its executive leadership team by appointing Patricia Lima as diversity and inclusion specialist and Thales Moura as head of talent.
- Brazilian esports organization FURIA has hired Patricia Lima as diversity and inclusion specialist and Thales Moura as head of talent to strengthen its internal operations.
- Patricia Lima joins FURIA after serving as the lead of DEI at Coração da Selva and holding a similar role at software developer Plurie BR.
- Thales Moura brings over 10 years of experience in content creator partnerships, having previously worked with major brands including ESPN, Twitter, Spotify, and LinkedIn.
Building the Future of Sport at Riot Games: Economics
Riot Games is shifting its esports business strategy away from traditional sports models toward a sustainable, long-term economic framework.
- Riot Games is shifting its esports business model away from traditional sports structures to prioritize long-term financial sustainability for the developer and its partner teams.
- To address the financial instability of pro teams, Riot has implemented revenue-sharing guarantees, accelerated payments, and deferred cash obligations for its League of Legends franchised leagues.
- The Valorant Champions Tour (VCT) operates without franchise fees, instead requiring teams to invest in marketing, content production, and fan activation in exchange for annual stipends and digital sales revenue.
Beyond LCS Spring Split’s Record Low Viewership
The 2023 League of Legends Championship Series (LCS) Spring Split faced significant scrutiny following record-low viewership, with the title decider failing to surpass 300,000 peak concurrent viewers.
- Despite record-low peak viewership of under 300,000 for the 2023 LCS Spring Split finals, the event generated over $22 million in total media value for partners.
- Naming sponsor Grubhub accounted for 25% of the total media value generated during the broadcast, nearly doubling the average value generated by other individual sponsors.
- The LCS audience is highly global, with 59.22% of viewers based outside of the United States, including 40.78% from North America and 27.53% from Europe.
Riot Taps Piece of Magic Entertainment to Bring LEC to Theaters
Riot Games has entered into a partnership with the cinema chain Piece of Magic Entertainment to broadcast League of Legends EMEA Championship (LEC) events in theaters.
- Riot Games has partnered with theater chain Piece of Magic Entertainment to broadcast League of Legends EMEA Championship (LEC) events in cinemas across the EMEA region.
- The partnership covers the Spring, Summer, and Season Finals, with the initial broadcast beginning on April 23, 2023.
- The initiative aims to host esports watch parties in up to 70 territories throughout the EMEA region.
Version1 Open to Merger or Other Options
Version1, the parent organization of the Minnesota RØKKR, is actively exploring strategic alternatives for its future, including potential mergers or acquisitions.
- Version1, the parent company of the Minnesota RØKKR, has officially begun exploring strategic options including a potential merger or acquisition.
- COO Brett Diamond stated that the organization is prioritizing a merger with another esports entity that aligns with their ownership group's vision.
- Despite the search for a partner, Version1 claims to be in good financial health, noting that it has met its financial projections every year.
Most Watched Esports Teams: March 2023
The landscape of esports viewership in March 2023 was defined by a strategic divide between organizations prioritizing content creator influence and those focused on competitive tournament performance.
- TSM was the most-watched esports organization in March 2023 with 14.6 million hours watched, driven by 13.5 million hours from content creation and 1.1 million from competitive play.
- Seven of the top 10 esports organizations generated more than 60% of their total watch time through content creators rather than competitive esports events.
- TSM, NRG, KOI, and Cloud9 each generated over 10 million hours of watch time specifically through their content creator networks.
LCS Spring Finals Create $1.6M in Economic Impact: Raleigh
The League of Legends Championship Series (LCS) Spring Finals, held in Raleigh, North Carolina, generated an estimated $1.6 million in economic impact for the local area.
- The two-day League of Legends Championship Series (LCS) Spring Finals in Raleigh generated an estimated $1.6 million in economic impact for the city.
- Approximately 8,000 people attended the event at the PNC Arena, with 3,000 hotel room bookings recorded.
- Approximately 70% of event attendees were visitors traveling from outside the local area, including from other U.S. states and Canada.
Team Vitality Partners With CHERRY XTRFY
Team Vitality has entered into a two-year partnership with gaming gear manufacturer CHERRY XTRFY.
- Team Vitality has entered a two-year partnership with gaming gear manufacturer CHERRY XTRFY.
- CHERRY XTRFY will supply keyboards, mice, and mouse pads to Team Vitality’s players and its facilities, including V.Hive in Paris and performance centers in Berlin and the Stade de France.
- The partnership includes plans for both companies to collaborate on the development of future co-branded products for the gaming and esports market.
Talon Esports Enters Pokémon UNITE Esports
Talon Esports, a prominent Southeast Asia-based organization, has officially expanded its competitive footprint by entering the Pokémon UNITE esports scene.
- Talon Esports has officially entered the Pokémon UNITE competitive scene by signing a professional roster based in the Philippines.
- The newly formed team is scheduled to compete in the APAC-EAST regional qualifiers held on April 15–16, 2023.
- The primary objective of the new roster is to qualify for the Pokémon World Championship Series 2023.
CLG’s LCS Team Being Sold to NRG Esports
The Los Angeles-based esports organization Counter Logic Gaming (CLG) underwent a significant structural transition in April 2023, resulting in the shutdown of its primary operations and the transfer of its League of Legends Championship Series (LCS) team to NRG Esports.
- Counter Logic Gaming (CLG) is shutting down its operations as part of a deal to merge its League of Legends Championship Series (LCS) team with NRG Esports.
- Madison Square Garden Entertainment (MSGE), the former controlling owner of CLG, has transitioned to holding a non-controlling minority equity interest in the combined NRG-CLG entity.
- Despite the shutdown of CLG, MSGE will continue to own and operate its NBA 2K League team, Knicks Gaming.
Companies behind it
Riot Gamesdeveloper, publisher, owner319
Overwolfowner25- Riotowner321
Tencent Holdingsowner, publisher703- NAVERowner2
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