Riot Does Not Care Netflix's ‘Arcane' Is Reportedly A Financial Miss [Forbes]
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Source: Forbes
But in terms of dollars and cents, new reporting says that the enormously pricey show was not exactly raking in cash for Riot Games, and may have lost them a bit. Luckily for Riot, leadership does not seem to care. Reporting from Bloomberg details the sky-high cost, $250 million, and how that did not exactly work out, given that Netflix paid them $3 million an episode to air it, and paid Riot's parent company Tencent another $3 million an episode for it to come to China. Added up, that's about half the cost of production. Riot, however, says that it increased business in other ways and will “at least break-even.” The report also says some employees did not love the idea of sinking resources into Arcane, especially when Riot laid off 11% of its staff. “Arcane's very existence was controversial among some employees. Some Riot employees resisted the mandate to funnel resources into the show, according to six current and former staffers. The pricey passion project, backed by former
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