Riot’s hit Arcane series flops financially

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Riot’s hit Arcane series flops financially

By admin, Aralık 24, 2024



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Riot Gamespopular video game League of LegendsWhen he decided to make a TV series inspired by , he chose to finance and develop the project on his own, unlike many of his competitors in the industry. Riot wanted to give the project full control for quality. As a matter of fact, although the company is successful in this, it is financially unstable. Arcanecould not give what was requested.

The company saw the Arcane series on Netflix as both a gift to players and an opportunity to attract more players to League of Legends (LoL). Although LoL is still one of the most popular games in the world after 15 years, its player pool is gradually shrinking. Riot thought that the series would be the first step in many similar productions in the future and thus could keep the game alive.

Arcane, while popular, failed financially

However, Arcane cost much more than expected. Riot implemented this production by allocating a large budget to the project and spending years of effort. In addition to production costs, millions of dollars were also spent promoting the series.

The company’s total production for Arcane’s two seasons is approximately $250 million It was stated that he spent While Netflix paid Riot approximately $3 million per episode to broadcast the series, Chinese technology giant Tencent paid Riot the same amount to broadcast it in China. But this payments, less than half of the total cost was welcoming.

Sources say that during Arcane’s production process, Riot did not make concrete plans to justify the cost of the project. A spokesperson for the company stated that the series was not profitable, but the business added value in other aspects. The spokesperson stated that Arcane was “successful by all of our internal metrics,” adding that the second season was “financiallyat least break even” he said he was aiming for.

Those who flocked to the game after the series quickly left the game




Riot's hit Arcane series flops financially



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According to reports, Riot did not expect the first season to be so successful, and therefore failed to turn the increasing interest into money. For the highly acclaimed second season, Riot put more effort into creating in-game content, offering skins for sale ranging from a few dollars to several hundred dollars. Riot did not disclose how much revenue it earned from these contents. Meanwhile, with the increasing interest in the Arcane series, LoL, a free game, Many people create new registrations, but very few stay in the game. is also stated. Being a MOBA, LoL is a complex game to fully learn.

Riot laid off 11 percent of its staff at the beginning of the year and said it wanted to put games back at the center of its business. During the restructuring process in Riot’s entertainment department, president Shauna Spenley and head of operations of the film and television unit Ken Basin left their positions. However, signals were also given about the future of productions that will tell different stories in the LoL universe.

A Riot spokesperson said in a statement: “The most important thing for us is to encourage long-term player participation and retention. Riot’s focus has always been on creating games and experiences that players will want to enjoy for years to come, and Arcane is part of that grand vision.” he said.














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