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Esports continues its rapid rise, capturing the minds and hearts of millions of enthusiasts worldwide. League of Legends, the undisputed leader of the industry, keeps pace – with each passing year, its professional scene only strengthens and expands. As the excitement surrounding the LEC 2024 winter split subsides, keen attention shifts to the spring split – the second stage of…
In its quest to ensure long-term sustainability and financial stability for franchised teams, Riot Games has announced a sweeping reform of the League of Legends Esports business model. According to John Needham, President of the company’s esports division, the emphasis will shift from distributing sponsorship revenue to distributing digital revenues from in-game purchases. Global Revenue Pool: Key to the New…