A new business model is coming to the tier-one League of Legends leagues across the globe, Riot Games announced today. This model, akin to the one introduced with the VALORANT Champions Tour, aims to bolster League esports’ revenue streams and the long-term sustainability of the game.
The new model was unveiled today in a blog post from Riot’s president of esports, John Needham, who introduced the shift from traditional revenue-sharing mechanisms to welcome more “predictable revenue for teams.” Emphasizing how the needs and dynamics of the esports ecosystem have evolved significantly over the years, Needham highlighted the importance of adapting the League esports business model to ensure its longevity and sustainability for all stakeholders, including the organizations.