BAMTech acquires Streaming Rights for LOL
Riot Games and BAMTech (Major League Baseball and Disney-owned streaming tech company) have signed a deal for the rights to League of Legends tournaments.
BAMTech will pay Riot Games a minimum of $300 million through 2023. It will get to monetize on the world’s most popular game as a result. They plan to launch a League of Legends app that will stream to smartphones and PCs. It will apparently also still work with the likes of Twitch and Youtube.