Riotgames is League of Legends, a premium online game company got VCs funding
By admin at September 9, 2009 | 8:35 pm | Print
What Company Is Offering:
Riotgames is League of Legends, a premium online title that combines the best elements of strategy and role playing games to create unique and dynamic gameplay.League of Legends is a competitive online game set in an imaginative world. Gamers take the role of a powerful Summoner, calling forth and controlling brave Champions in battle. League of Legends is an action-RPG, combining elements from both strategy and role playing games. Enter the Fields of Justice with your most trusted allies as you fight for your right to rule the world of Valoran.
How Much They Got From VCs:
It has got new VCs funding from the top venture capital firms, Benchmark Capital and FirstMark Capital, and the Chinese online services company Tencent. Tencent is one of the biggest provider of internet value-added services with more than 400 million users and the largest digital goods company in China, which operates a fast growing online games business.
Business Model:
Riot’s session-based, free-to-play, virtual item-based business model is by far the most popular business model for monetizing games in Asia. While most North American and European publishers continue to prioritize a packaged goods model, Riot has marketed as the “games-as-service” model, which it believes is next big thing in the future of games and a major global opportunity.
More at:http://www.riotgames.com/