Riot Games Shuts Down Effort to Build a Streaming Rival to Twitch
Unannounced network planned in-game perks for players who watched.
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Tencent Holdings Ltd.’s Riot Games unit canceled plans to introduce a streaming platform that would have competed with Amazon Inc.’s Twitch, Bloomberg has learned.
Riot’s Esports Network, nicknamed REN, was a web and mobile app where fans could watch and engage with Riot’s competitive games and professional players. The Los Angeles-based League of Legends developer made the move as part of an overall restructuring where it cut 11% of staff, or 530 employees.