Riot Games unveils plan for quick-hit online fantasy game
Riot Games, a venture-backed start-up, plans to create “League of Legends,” an online game that combines quick-hit sessions with fantasy action settings. It’s the video game equivalent of a pick-up basketball game.
The inspiration for the game is the free “mod,” or user-generated modification, dubbed “Defense of the Ancients,” a popular version of “Warcraft III” that has an estimated 10 million players. That game has its limitations and so Riot Games decided to make a better,… Continue Reading
Riot Games raises round for quick-hit 3D online games
Venture capitalists tend to stay away from funding game developers because games are considered a hit or miss business. But Riot Games has convinced some VCs it has some hits on the way. The company has raised a $7 million round of funding from Benchmark Capital and FirstMark Capital.
The money will go to complete the company’s first game, said Marc Merrill, president and chief marketing officer of the Los Angeles company. He isn’t telling what… Continue Reading