League of Legends: Wild Rift is one of the most played games on the planet. The game has been ruling the gaming industry and has stayed firm for over a decade. So, who owns League of Legends? Huh?
Well, let’s see.
League of Legends aka LoL, was released in the year 2009. The game is often categorized as a multiplayer online battle arena (MOBA). The company Riot Games developed League of Legends.
See Also: What Is League Of Legends?
The main headquarter of the company is based in Los Angeles, California. Riot Games was founded by Brandon Beck – founder, and Marc Merrill – co-founder.
However, in 2011. Just after two years of the game’s official launch, Tencent – the world’s largest games publisher went from being the publishing partner of the Riot Games in China to its major stakeholder.
At that time, Tencent owned about 93 percent stake of League of Legends in China, priced at a whopping $400 million. Well, that’s Tencent for you!
Four years later, around 2015-16. Tencent took control of the rest 7 percent of the equity the amount paid; however, it remained undisclosed.
Tencent was able to take full control of League of Legends in China right when the game was breaking records and was looked up to as an esports festival worldwide.
Last year in 2019, LoL scooped in an estimated $1.4 billion in revenue, which shows us the scale this game is ruling.
The multiplayer format that the game offers helps the game transcend home entertainment to a fully-fledged international sport.
Each year, hundreds of tournaments occur where thousands of team battles and millions of fans watch the game live on their screens.
All these things culminate and create one major event called the World Championship. To date, there have been numerous World Champions that have entertained fans and scooped in millions on new players, and one of them is me!
The prize pool for the LoL World Championships peaked at a staggering 6.45 million U.S dollars in 2018. One of the most recent tournaments took place in Berlin, Paris, and Madrid, after which the prize money was awarded to the winning team of the final, FunPlus Phoenix, based in China.
With such large amounts of money put to stake, it’s no wonder why esports viewers watch the game in the count of millions.
Despite the game entering its second decade in the gaming industry and the general market, its popularity doesn’t seem to be fading. Instead, it only gets higher and higher on the graphs.
League of Legends: Wild Rift will soon be coming on Android as well as iOS devices. The game is currently in the beta state in countries like South East Asia.
The game will be launching in Oceania, Vietnam, and Taiwan in December 2020. After which will roll out to the users in Europe, North Africa, Middle East, Russia, CIS, and Turkey on December 10, 2020.
Well done, Riot officials. Are you guys excited?