New online-focused studio features EA, Naughty Dog and Gas Powered veterans

Riot Games raises $7 million investment

Recently established studio Riot Games has secured $7 million of investment for online multiplayer titles.

The team is lead by CEO Brandon Beck, formerly consultant at global business and strategy firm Bain & Company, and president / chief marketing officer Marc Merill, previously manager of corporate marketing at Advanstar Communications.

The plan for the company is to target the online market, but aim at session-based games rather than massively-multiplayer experiences. The games will be built using Riot’s in-house technology platform, complete with community features such as matchmaking, ladders and stat-tracking.

“Tremendous opportunities continue to emerge in the online games industry as distribution and business models evolve,” said Brandon Beck, CEO, Riot Games.

“As independent, direct-to-consumer developers with the vision of treating games as services, we are focused on delivering first-rate game experiences to highly targeted online audiences.”

Marc Merrill, president and CMO, added: “Online gamers are not shy about asking for what they want, Riot is responding with a commitment to creating premium titles that focus on gameplay and replayability in order to build deep, ongoing relationships with gamer communities.”

About MCV Staff

Check Also

Gameye will now let people look at its source code

Gameye now offer full access to its software’s source code for Enterprise Edition users