Why do i feel like Team bundle and capsule are there just to offset the loss riot incurred just by organizing valorant esports ππ
It's not as if open circuit is better than Closed circuit.
Riot as a company earns money through skins. While Valve earns their money through Steam, while it's true that CS also sells cosmetics, it cannot compare to revenue earn outside CS.
Riot probably thinks that they're better off without open circuit and they are probably correct. What's the point in 30+ tournaments when Riot probably earns less than what they're earning rn .No, Valve games are not a good example because both Riot and Valve have different priorities. Valve can handle losses from managing esports, they're never that reliant on skins purchase and it's a good publicity anyways i.e they will not die in case CS actually died. Meanwhile riot lives and dies through their games.
I mean cs ecosystem is somewhat profitable, stickers allow orgs to exist, + bookies give finances for orgs to exist before that. Now almost every TO offers special programs for teams who choose their events so that they get a couple of millions just for attending
Like just this year all prize pool money combined reaches numbers north of 25 million dollars