Video game developer Riot Games has announced a new business model for League of Legends (LoL) esports franchises, with a new global revenue pool (GRP) to distribute all revenue from digital LoL esports. The previous system required LoL esports teams to pay roughly US$10 million to enter a league. In addition, only teams that took part in...
Day: <span>19 March 2024</span>
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TikTok and the African Union Commission partner for Digital Safety with #SaferTogether Campaign
TikTok announced partnership with the African Union Commission’s Women, Gender, and Youth Directorate (WGYD), aimed at bolstering online safety awareness among the youth as well as parents, teachers and guardians in Africa. This innovative collaboration emerges at a critical moment, addressing the urgent need for digital safety amidst the unique challenges faced by the continent....
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OPINION | 4 Emerging and Revolutionary Business Models of Tomorrow writes John Sanei
In today’s rapidly evolving business landscape, organisations must stay ahead by embracing new and innovative business models. While still relevant, the traditional supply and demand model is now being complemented by a range of emerging business strategies shaping the future of commerce. This article will explore four exciting new business models redefining how we think...
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Apple says it’s complying with EU’s Digital Markets Act amid criticism
Apple on Monday fended off criticism that it has not done enough to open up its closed eco-system as required under the European Union’s Digital Markets Act, saying it has complied with the landmark legislation. The DMA sets out a list of obligations and prohibitions for Apple, Alphabet’s Google, Amazon, TikTok owner ByteDance, Meta Platforms and...