Riot Games is both a developer and publisher of video games, and an eSports tournament organizer. They are currently one of the giants in the industry of Interactive entertainment. Other than making video games, they now also develop mobile games as well. They operate widely in most areas of the world, including Europe, America, Asia, and Australia.
The company decided to expand their horizons to various corners of the world, and start developing mobile video games much more. They organize the League of Legends World Championship and Championship Series in Europe and North America, where the prize money is around $2,000,000.
Early Life
The Riot Games, Inc. was founded by Brandon “Ryze” Beck and Marc “Tryndamere” Merrill in 2006, and their headquarter is located in West Los Angeles, California. Previously, they were simply known as League of Legends. The company was then sold to a Chinese company Tencent Holdings Limited. They also acquired Radiant Entertainment, a video game developing company, while other companies like Benchmark Capital and FirstMark Capital are some of the biggest investors who do business with them.
The company also collaborates with an online game service provider Garena who distribute the game online. Riot Games’ultra-popular League of Legends is also present in the Philippines, China, Singapore, Vietnam, Brazil, Russia, Malaysia, Greece, Thailand, Taiwan, Canada, South, Korea, Japan, and Indonesia.
Career
League of Legends (LoL) was launched as their first title back in October 2009. It almost immediately gained huge popularity among gamers, with thousands of fans committing to it. They currently have 19 studios and 23 offices around the world. In the years following the release of LoL, they announced that 32.5 million players play their game, while 11.5 million play monthly and 4.2 million daily.
Recently though, the online multiplayer game has had 100 million monthly players. Riot arranges online tournaments all over the globe, which makes their profile growby the day. They employ 2,500 people who are constantly engaged in development and maintenance.
Some of their other games include Mechs vs. Minions, Astro Teemo, Cho’gath Eats the World, Blitzcrank’s Poro Roundup, Ziggs Arcade Blast, Star Guardian: Insomnia, PROJECT.EXEcute and Super Zac Ball. Blitzcrank’s Poro Roundup is for example a free mobile game that runs on iOS and Android. Riot managed to develop a trusting and involved community by giving their best to the players, while maintaining impeccable communication relations between the employee and the players.
Net Worth
It is currently estimated that Riot Games earned a total revenue of around $21.6 billion. The premier stakeholder is Tencent Holdings, who invested $400 million. Form capital firms like Benchmark Capital and FirstMark Capital, they received $7 million. League of Legends alone earned $964 million, while its net worth is around $15 billion.
Mobile video games are immensely popular among younger generations today. The company started to work as developers in order to change the mobile game world, as they changed the video game world almost 10 years ago. They are hugely popular for being exciting and user-friendly. To fulfill the demands of ever increasing game lovers, developers are constantly engaged in making many different, interesting, and challenging games.
