League of Legends
GameBy Riot Games · Released Oct 27, 2009
Documents about League of Legends
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.
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.
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