League of Legends
GameBy Riot Games · Released Oct 27, 2009
Documents about League of Legends
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.
Rumor Killer: Sentinels Not Actively Pursuing an LCS Slot
The esports organization Sentinels is not actively pursuing a franchise slot in the League of Legends Championship Series (LCS).
- Sentinels has officially denied rumors that it is pursuing a slot in the League of Legends Championship Series (LCS).
- A high-ranking Sentinels employee confirmed to The Esports Advocate that the organization is not currently in discussions with any parties regarding an LCS entry.
- Speculation regarding a potential move by Sentinels originated from social media reports on April 3 and 4, 2023, suggesting the team was inquiring about pricing for available LCS slots.
NetEase Buff Becomes Title Sponsor of Rare Atom’s CS:GO Squad
NetEase’s in-game items exchange platform, Buff, has secured a title sponsorship deal with the Chinese esports organization Rare Atom for its Counter-Strike: Global Offensive (CS:GO) squad.
- NetEase’s in-game item exchange platform, Buff, has become the title sponsor for the Chinese esports organization Rare Atom’s CS:GO squad.
- The team has officially rebranded to 'Rare Atom Buff' as a result of the sponsorship agreement.
- Financial terms of the partnership between NetEase Buff and Rare Atom were not disclosed.
Breaking: Layoffs Hitting CLG, Sale or Shutdown Rumored
The Los Angeles-based esports organization Counter Logic Gaming (CLG) is undergoing significant organizational restructuring, characterized by widespread staff layoffs.
- Esports organization CLG is undergoing significant layoffs, as confirmed by multiple current employees.
- Reports suggest that Madison Square Garden Entertainment, the parent company of CLG, is considering either a sale of the brand or a complete shutdown.
- Under the rumored restructuring, CLG would cease most operations while maintaining only its League of Legends Championship (LCS) team.
Warner Music, Secretlab Return as Partners for EMEA Masters 2023
Riot Games has confirmed the return of Warner Music and Secretlab as supporting partners for the 2023 League of Legends EMEA Masters.
- Riot Games has renewed its partnerships with Warner Music and Secretlab for the 2023 League of Legends EMEA Masters tournament.
- Warner Music returns as the official music supplier for the fifth consecutive year, providing its music catalog for event broadcasts.
- Secretlab continues its role as the official gaming chair partner, supplying its TITAN Evo line for use during major competitions.
TSM Hitting Pause on Some Esports Efforts
The Los Angeles-based esports organization TSM is scaling back its competitive operations across multiple titles.
- TSM is scaling back its esports operations across multiple titles and is considering the sale of its League of Legends Championship Series (LCS) franchise.
- The organization's financial instability is largely attributed to the collapse of its 10-year, $210 million partnership with the bankrupt cryptocurrency exchange FTX.
- Despite the reduction in competitive esports efforts, TSM intends to continue the development and operation of its Blitz gaming application.
Astralis Board Initiates Strategic Review
The board of directors for the esports organization Astralis has initiated a formal strategic review to evaluate the company’s future position and ownership structure.
- The board of directors at esports organization Astralis has initiated a strategic review to explore options including delisting from the stock exchange, issuing new shares, or selling company assets.
- The review was prompted by the company’s share price trading at a material discount compared to its initial public offering price of DKK 8.95.
- Astralis reported net revenue of DKK 87.5M ($12.8M USD) for fiscal year 2022, an increase from DKK 75.0M ($10.9M USD) in 2021.
OverActive Media Makes Strategic Staff Cuts
OverActive Media, a Canadian-based esports organization, implemented a series of strategic staff reductions in March 2023.
- OverActive Media has initiated a restructuring plan involving staff cuts, with estimates suggesting between 5 and 10 employees have been impacted.
- The company has eliminated specific roles and shifted responsibilities among remaining staff, with reports indicating that further layoffs may occur.
- Confirmed departures include Connor Chambers, team manager for the Toronto Ultra, and Cameron Bloom, marketing manager for MAD Lions.
Tencent Financial Results: 2022
Tencent’s 2022 financial results reveal a historic turning point for the company, which recorded its first annual revenue decline since going public in 2004.
- Tencent recorded its first annual revenue decline since its 2004 IPO, with total revenue falling 1% year-over-year to 554.6 billion yuan ($79.6 billion).
- Profitability metrics saw significant contraction in 2022, as operating profit dropped 13% to 235.7 billion yuan and net profit fell 17% to 188.7 billion yuan.
- The gaming division, representing 43% of total revenue, saw domestic gaming revenue contract by 4% to 123.9 billion yuan.
Companies behind it
Riot Gamesdeveloper, publisher, owner319
Overwolfowner25
Tencent Holdingspublisher703- Riotowner321
- NAVERowner2
As the documents state it.