Home Tournaments Riot Introduces Revenue Sharing Program Supporting Teams During Regular Season

Riot Introduces Revenue Sharing Program Supporting Teams During Regular Season

by H.B. Duran
  • Riot Games announced new revenue-sharing initiatives that support League of Legends (LoL) esports.
  • Each Fan Pass or Team Pass is region-specific and offers a 50% revenue split with the applicable LoL esports league or team.
  • Previously limited to major esports events, the new initiative extends financial support into the regular season as well.

Beginning May 31 with the League of Legends Championship Series (LCS)  2019 Summer Split, Riot Games Database-Link-e1521645463907

will offer two new revenue-sharing initiatives in the form of a Fan Pass and Team Pass.

Riot has previously offered esports themed items inside League of Legends Database-Link-e1521645463907 that share revenue with teams and leagues however they were limited to events such as the Mid-Season Invitational. Fans in select regions will now be able to support players throughout the entire season.

Fan Passes unlock special missions during which LoL players can earn emotes, icons, character skins, and other in-game items. Available in Brazil, Turkey, Latin America, Japan, and Oceania, the Fan Pass costs 980 Riot Points (RP), or roughly $10 USD. Revenues will be split 50/50 between Riot and all teams in the region’s pro league.

Related Article: Rocket League to Add Revenue-Sharing Esports Items for 11 Teams

Team Passes also cost 980 RP and are available in Europe and North America. Team Pass holders will select one LoL team to support during the split, then unlock team-specific items by completing missions and watching matches. Purchases are limited to one LCS Team Pass and one LEC Team Pass. Half of the revenue will support teams in the purchaser’s respective league.

“We think it’s important that, as our sport continues to grow, our leagues, teams, and players share in our combined success,” wrote the LoL Esports Team in a blog post. “We’re very excited about these launches and will be working to learn as much as possible about which aspects esports fans across the world value most as we look to expand in the future!”

Riot will continue to support free rewards previously introduced on the official League of Legends esports website.

Revenue sharing has become more commonplace in the esports industry as a way to financially support team and league efforts. Pilot programs have recently been launched for Rocket League Database-Link-e1521645463907, Rainbow Six Siege Database-Link-e1521645463907, Heroes of the Storm Database-Link-e1521645463907, and Paladins Database-Link-e1521645463907.

 

BrazileuropeFan PassJapanLatin AmericaLCSleague of legendsLECNorth Americaoceaniarevenue sharingRiot GamesTeam PassTurkey



Source link

Related Articles

Leave a Comment