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Aside from this, they are still planning to release other titles from different game genres which they aim on becoming major esports in the future. Today, Riot Games is owns TeamFight Tactics, Valorant, Legends of Runeterra and League of Legends as a whole. Founded in 2018 with support from an advisory group … ApLOS ANGELES AND DERRY~LONDONDERRY, NORTHERN IRELAND - Riot Games, the game developer and publisher best known for League of Legends, today completed its acquisition of Hypixel Studios. Riot Games Acquires Hypixel Studios, Developer of Upcoming Block Game Hytale.
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League has gone on to be the most-played PC game in the world and a key driver of the explosive growth of esports. In 2009, Riot released its debut title, League of Legends, to worldwide acclaim. Riot Games was founded in 2006 to develop, publish, and support the most player-focused games in the world.
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Image Credit: League of Legends player with every skin gets special Your …Ībout Riot Games. Overseeing the overall vision for esports world wide from League of Legends to VALORANT Champions Tour to global international events and beyondīringing the massive world of Runeterra to life for players to explore together Image Credit: Long Tencent Before The Next League Of Legends Is Released …Įvolving and supporting live games while nurturing early-stage ideas into realized products Now imagine all those added transactions through Wild Rift, Valorant and TFT! League of Legends alone brought in a whopping $1.75 billion in 2020 according to Statista. So, it seems like Microsoft owns everyone in the gaming industry in the west, right? Well, rest assured, Tencent has a firm hold on Riot Games. So let’s go over the biggest fish out there that Tencent dabbles with. Seriously, this company cannot be monogamous to save its life, owning pieces of everyone and anyone out there. Tencent seems to have its hands in everyone’s pot somewhere. Yes, Tencent owns stakes in multiple gaming developers and publishers. As mentioned, in 2011, the Chinese multinational technology and entertainment conglomerate and holding company invested in Riot and became the majority stakeholder with 93 percent. Since 2015, Tencent has completely owned Riot Games. We’re not going to bore you with a deep dive, just a quick overview of the company and how it developed into the video game giant we know it as today. Sit back, relax, it’s a history lesson for you, so you know who the developers of League of Legends even are. So, let’s quickly brush over the history of Riot Games, guys. Of course, that isn’t the only game Riot has developed in recent years, adding quite a few more games to their name and earning that ‘s’ at the end of Riot Game s. Riot is the developer and publisher of League of Legends. League of Legends is one of many games under Riot Games. Other than its extremely popular chat service QQ, Tencent Games is known for a number of MMOs popular in China-QQ Tang, QQ Yinsu, and QQ SanGuo. Though League of Legends appears to be the company’s first MOBA, Ten cent was no strange r to online multiplayer games before buying League of Legends. Though League of Legends appears to be the company’s first MOBA, Tencent was no stranger to online multiplayer games before buying League of Legends. Tencent Knows a Thing or Two About Making Games.
In 2011, Tencent acquired a huge stake in Riot Games-to the tune of around $230 million. Riot started working with Tencent in 2008, when the company announced that it would be working with Tencent to put League of Legends in the hands of Chinese players.
Four years later, Riot sold the rest of its shares to Tencent, and here we are today. Image Credit: Riot Games are developing new titles and are now hiring … What percentage of Epic Games does Tencent own? When did Riot Games start working with Tencent?Įverything You Need to Know About Riot Gamesĭoes Tencent Own Other Gaming Companies As Well?Ĭan retail investors invest in Riot Games?