Riot Games Nears Esports Self-Sustainability Milestone
Riot Games is reportedly very close to achieving financial self-sustainability for its esports operations. This progress is attributed to a business model shift towards digital items and revenue sharing. Increased viewership and player engagement are key factors in this development.
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- Evening Esports and CompetitionsRiot Games is reportedly close to achieving self-sustainability for its esports operations, according to a statement from the company. The firm behind League of Legends aims to make its competitive gaming ventures financially viable.
"We can break even and be self-sustaining within Riot" – The firm behind League of Legends is "super close" to making esports sustainableRiot Games' head of publishing and esports, John Needham, states that the company's esports business is very close to achieving profitability and self-sustainability. He attributes this progress to a shift in business model from sponsorships to digital items and increased revenue sharing with esports teams, alongside efforts to grow viewership and player engagement through various transmedia initiatives.