the founder of Riot Games commented on Bloomberg's statement – UNIAN
“People think we made Arcane to sell skins, but in reality we sold skins to make Arcane” – Mark Merrill.
The League of Legends film adaptation Arcane failed to make back its $250 million budget, despite being a huge success among audiences and critics.
Bloomberg reports this, citing its sources inside Riot Games. The company paid Netflix $3 million for each episode of the series shown, and Riot paid another $3 million to Tencent for the right to release Arcane in China.
However, according to the publication, Riot did not plan to make the series pay off; rather, the company wanted to attract the attention of players to Leauge of Legends. In 2021, when the first season of Arcane was released, LoL saw a record increase in new players, but very soon the numbers returned to their previous values. With the release of the second…
