THE ESPORTS ADVOCATE - Esports Business News & Analysis
WEB4 days ago · September 10, 2024. Publicly traded esports and gaming company GameSquare Holdings, Inc. (NASDAQ: GAME) announced Tuesday that it closed new contracts in August valued at over $14M USD. These new contracts represent “a record month of new business development for GameSquare,” the company...
Riot Reveals League of Legends Esports Global Power Rankings
WEB4 days ago · This “model” will be updated on a daily basis, Riot says, during Worlds 2024. The Global Power Rankings uses what Riot describes as a “blended Elo metric,” using a weighted average between a team’s Elo and their league’s Elo—Elo and league Elo are weighted at 80% and 20%, respectively. Key features, according to Riot’s announcement:
Riot Details Tier-1, Tier-2 Format for Americas League
WEB5 days ago · The Americas Tier 2 system will support two conferences (each with two leagues)” North (NACL & LRN) and South (CBLOL Academy & LRS). Tier 2 leagues will use a two-split format that runs in tandem with Tier 1 teams’ Split 2 and Split 3. Tier-2 teams will be able to qualify “through performance, with promotion and relegation,” according ...
Sources: IESF Board Held Vote to Cancel WEC 2024
WEB4 days ago · The Esports Advocate has learned that on Sept. 10, the International Esports Federation (IESF) held what sources describe as an impromptu board meeting where board members were asked to vote on a proposal where the “IESF” would cancel the World Esports Championship (WEC 2024) that is set to be held in the Saudi Arabian capital of Riyadh in November.
Tencent’s King Pro League Grand Finals to Feature $10M Prize Pool
WEB3 days ago · The Beijing Worker’s Stadium has a seating capacity (depending on configuration) of 68,000, according to StadiumDB.com. The competition will feature 12 KPL teams with a ¥70M ($9.92M USD) total prize pool, with the winner of the competition taking home ¥22M ($3.1M). In addition, Tencent and TiMi …
Major Changes Planned for League of Legends Esports in 2025
WEBJun 11, 2024 · Riot Games announced plans on Monday for a major overhaul to the global ecosystem for League of Legends Esports in 2025.. That overhaul—which a Riot rep. told The Esports Advocate in a media briefing on Thursday–is somewhat informed and inspired by what it has learned from the Valorant esports ecosystem—includes an all-new event at the beginning of the season, a consolidation of the top ...
About The Esports Advocate
WEBTobias: tseck@esportsadvocate.net. Eddie: hchen@esportsadvocate.net. Welcome to The Esports Advocate, your premier destination for in-depth and authoritative coverage of the esports business and finance landscape created to empower esports stakeholders with the knowledge and information needed to do business in the world of esports successfully.
New Major Event Added to 2025 LoL Esports Calendar
WEBJun 11, 2024 · The new unnamed event will take place in March 2025, and will feature five slots—one per region. Teams from each region will slug it out in Split 1 in January to determine who gets to compete on the global stage. In a media briefing with The Esports Advocate, a Riot representative said that the new event will use “Fearless Mode” in Bo3 or ...
Riot Expands League of Legends Esports Revenue Sharing
WEBMar 14, 2024 · Teams competing in LCS, LEC, LCK, and LPL can expect to generate more revenue from in-game items, Riot announced Thursday. Riot Games made a major announcement on Thursday related to powerful changes in revenue sharing for professional tier-1 teams participating in global League of Legends Esports. The announcement was made via a blog post ...
The Future of Esports at Riot Games: A New Approach to Business
WEBApr 19, 2023 · Esports holds long-term financial viability at League of Legends and Valorant developer Riot Games, according to John Needham, President of Esports at Riot. In a blog post published Wednesday, Needham outlined the developer’s esports assets roadmap. While his full blog post, “Building the Future of Sport at Riot Games: Economics,” can be found on Riot’s blog, The Esports Advocate ...