- May 26, 2016 at 8:54 pm #71611Sir-diealotParticipant
Sources: ESPN and Riot Games in Talks to Broadcast LCS for close to $500 million
Sources close to the situation have informed PVP Live that ESPN is in talks to purchase television broadcast rights of League of Legends content from Riot Games for an estimated $500 million.
This amount of money for broadcast rights is unprecedented in esports, but not all that uncommon for ESPN in the traditional sports market. They paid $7.3 billion for broadcast rights for 12 years worth of College Football Playoff games, as well as bowl games in the hosting rotation that are not hosting that year. That’s $608 million annually for six games per year.
It is unclear at present if this will affect any of Riot’s current broadcasting agreements with Twitch, Yahoo, Azubu and other online streaming platforms, or the timeframe that the deal would encompass.
It’s also not yet known if these talks are only for North American LCS broadcasts, or if it would apply to Europe as well.
Weekly average viewing time for the LCS is enormous, clocking in at 22.8 million hours consumed, according to research firm Gamoloco. That’s an increase of 11.8% from last year’s spring split, which clocked in at 20.4 million hours on average.
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