Riot Games' animated series, Arcane, based on League of Legends, launched as a massive success on Netflix but has not been financially viable for the studio. The show reportedly cost over $250 million to produce, far exceeding the revenue earned through Netflix and Tencent's payments. While the first season generated considerable buzz and audience engagement, it failed to significantly increase player numbers or game monetization. Riot confirmed that Arcane's second season will be its last due to its high production costs and lack of profitability. Although the show has been a cultural phenomenon, the ambitious plans for more projects in the League of Legends universe have been curtailed as a result.

Why is Arcane ending after its second season?

Arcane is ending after its second season primarily due to its exorbitant production costs, which exceeded $250 million, along with its inability to attract new players to League of Legends or increase spending among existing players. Despite its success as a streaming series, Riot Games found the venture financially unsustainable.

Arcane is notable for being one of the most expensive animated series ever. It redefined expectations for video game adaptations with its storytelling and animation quality. The series takes place in the League of Legends universe, enhancing the game's lore and deepening player engagement. Despite its conclusion, the show has left a lasting impact on both the gaming and entertainment industries.