Brandon Beck, co-founder of Riot Games, describes how the microtransaction business model functions for League of Legends.
0:00 / 0:10exact quote · 10.3s
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“A large subset of our players never will, but a decent percentage of our players do, and they buy aesthetic customization, and there's, you know, there's an ongoing model.”
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More from Brandon Beck
Insight
Beck: Founder naivete is an asset that prevents talking oneself out of ventures
“Our own naivete was in many ways an asset to us. We were so unprepared to do what we were trying to do, and we were so unclear about what we were really up against that we didn't talk ourselves completely out of it.”
Brandon BeckDec 14, 2020▶ 25:52Riot Games: Brandon Beck and Marc Merrill
AssertionNot checkable as stated
League of Legends cost $20 million to build, vastly exceeding early estimates
“I mean, I think all said and done, it was closer to twenty million dollars.”
Brandon BeckDec 14, 2020▶ 25:48Riot Games: Brandon Beck and Marc Merrill
Disclosure
Beck: Riot Decided to Self-Publish in US and Partner Internationally
“So we decided we would publish internationally if we could find a great publisher with a third party, but in the US we'd publish ourselves.”
Brandon BeckDec 14, 2020▶ 41:40Riot Games: Brandon Beck and Marc Merrill
AssertionSupported
Riot sold physical boxes just so gaming media would review their game
“We ended up deciding to sell a box because interestingly, as we got closer and closer to launch, the game's media wasn't going to pay attention to us. In fact, we didn't exist if we did not have a box. If you were a game that didn't have a physical box, you we…”
Brandon BeckDec 14, 2020▶ 1:00:32Riot Games: Brandon Beck and Marc Merrill
AssertionSupported
Beck: Riot Games raised over $20M total prior to launch
“Yeah, so, so there was even a second round of venture, I think, for eight million, and there was some venture debt, like, on, on top of it for a total, I think, over twenty million.”
Brandon BeckDec 14, 2020▶ 1:03:59Riot Games: Brandon Beck and Marc Merrill
AssertionSupported
Beck: Over one million viewers watched League of Legends Season 1 finals
“Millions, over a million people had tuned in.”
Brandon BeckDec 14, 2020▶ 1:10:59Riot Games: Brandon Beck and Marc Merrill
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