Arcane, a Netflix animated series based on League of Legends, was critically acclaimed yet alleged to be a financial "miss," as Bloomberg reported. Riot Games allegedly spent $250 million across two seasons but failed to attract new game players to recuperate costs. However, Riot co-founder Marc Merrill defended Arcane, emphasising long-term value over short-term gains. Source.
Riot contested Bloomberg’s claims, asserting Arcane’s success through various internal metrics. Merrill highlighted that Riot’s mission-driven strategy targets extended audience engagement rather than immediate profits. This approach aligns with its broader inclusion in sports, music, and animation, suggesting Arcane’s strategic alignment surpasses direct financial metrics.
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