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US adds web and gaming giant Tencent to list of Chinese military companies
(www.theregister.com)
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this post was submitted on 07 Jan 2025
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They gonna force a sale of League of Legends now?
Tencent owns 11% of Reddit...
And? 11% isn't full ownership like the thing I said.
And what DOES Tencent have full ownership of? They dip into almost everything as rich as they need to carry China's water.
RIOT Games. The thing I started this thread saying...
Do Fortnite next.
More likely they would leave the market. That game isn’t really popular in NA but it’s the most popular non-mobile game in Asia
...Are you kidding? LoL has been huge for years in NA. RIOT is an American company that was bought by Tencent. Leaving the market means they lose their entire dev team.
Sure but it ignores that Tencent gave $20 million to create LoL (first 10 then another 10 to buy out the other investors)
Investing 2 years after the game was first playable by the public counts as "giving money to create it", now? That's at least 6 years after they'd have started development.
You've ignored reality.
They invested before it was released, what are you talking about?
Tencent paid for it to be made
Edit: upon research you are talking about when Tencent became the owner. Not their investments to have the game made.
Not mentioned in a Washington Post article but
“ Over the summer of 2008, Merrill and Beck’s work seeking funds proved fruitful and the two landed $7 million more in funding from Benchmark and FirstMark Capital venture capital firms.”
/+ 10 mill from Tencent and prior to launch Tencent gave another 10 mill to buy out those investors
You're probably thinking the "full release" but the game was being played by the public for several years, and was quite popular for over year prior to the "official release". So, no. They didn't. Their investment came a full year after I'd already been playing the game.
The game was made already. They bought an existing product.
I can’t find anything suggesting the game was released prior to 2008
Riot released some video at sometime talking about how they had to cram to make the game even playable prior to the sales pitch so I really doubt it was made before that
LoL isn't popular in NA anymore?
Never was that popular
COD and Fortnite are much bigger with the latter even making sports radio talk
The popularity spike was when MLG needed to fill in the Halo Reach spot due to that game’s lack of appeal
What? League is consistently the top result of twitch. Even accounting for other regions, league is by far one of the largest games people watch in na. Big na streamers pull in thousands of viewers (doublelift, tyler1 for example)
You can listen to Riot themselves
They aren’t bringing in new players, their playerbase is just getting older
Which explains why they’ve made it less mechanical demanding and more about positioning over the years
There's not way you can say that game wasn't ever popular. Maybe it's never been the literal most popular, but it's definitely had a life as a majorly popular game. Large streaming views, tons of players, etc. I have no idea how it's doing now, but it definitely had a number of years of major popularity.
Already can't trust kassadin, don't need an anti trust