League of Legends maker Riot Games has chucked a lot of cash at esports over the past few years, but despite some hefty investments and high-profile events, the company says it’s still “a long way” from breaking even.
Now though, Riot is attempting to get out of start-up mode, and that means focusing on creating a financially stable business “instead of just making esports happen and be awesome.”
“We’re ok with costs continuing to be high, because we think the value esports provides to everyone who plays LoL is worth it.
Asked whether the company was cutting its esports budget by a Reddit user, Riot’s head of esports Derrick “FearGorm” Asiedu offered an insightful answer that laid out where the League creator stands after years of investment.