'League Of Legends' Strike Resolved: Tencent's Riot Games And Players Union Reach Agreement
Portfolio Pulse from Franca Quarneti
Tencent's Riot Games and the LCS Players Association (LCSPA) have reached an agreement, resolving the strike that threatened to disrupt the North American season of 'League of Legends'. The compromise includes a new NACL business model, improvements to the NACL governance model, and reinforcement of healthcare insurance requirements for international LCS players.
June 09, 2023 | 7:28 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Tencent's Riot Games has resolved the strike with the LCS Players Association, reaching a compromise that includes a new NACL business model and improved governance.
The resolution of the strike is positive news for Tencent's Riot Games, as it allows the North American season of 'League of Legends' to continue without disruption. The compromise reached with the LCSPA demonstrates Riot Games' willingness to address player concerns and work towards a sustainable solution. This is likely to have a positive short-term impact on Tencent's stock price, as it shows the company's ability to navigate labor issues and maintain the popularity of its games.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100