Riot Sign $300 Million Deal With MLBAM
Back in November, news leaked that Riot was on the verge of a deal with a subsidiary of Major League Baseball, BAMTech. That deal has finally come to pass, and Riot has officially announced the details of what the first-of-its-kind deal will involve.
The deal sets its sights on the long-term, with plans to run into the 2023 season. It will guarantee Riot Games $50 million per year at a minimum, which means a minimum total takeaway of $350 million dollars for Riot Games. This is well above the rumored $90 million deal we heard about in November.
BAMTech will launch an app for streaming League of Legends games that will run on both PC and mobile devices. While consoles aren’t specifically mentioned, it’s a safe bet the app will be making its way to living rooms as well.
Concerns inevitably cropped up comparing the proposed app with current services like Twitch—services that are free to use both for streamers and viewers. Riot’s director of
"The current experience we have today is and will continue to be free," Rozelle confirmed. Riot says it will keep HD streams and ensure the “core
“We first and foremost believe in making sure that the content is in places where the fans want to watch it, so that will continue to be the case,” Riot’s co-head of
An interesting future ahead, then. If you're more interested in the recent past, don't miss our piece on the best League of Legends matches of 2016.