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Brandon Beck, the Riot Games CEO who co-founded the studio with president Marc Merrill in 2006, acknowledges that "League of Legends" was always designed to be more like a sport than an interactive film or virtual amusement park.

'League of Legends' crowns $1M champions →

"We were newbs at the starting-a-studio thing," said Beck. "As you might imagine, we dramatically underestimated a lot of the execution challenges along the way. We founded it out of a lifelong passion for competitive games. We made countless mistakes along this journey, so many in fact, we incorporated the idea of making mistakes into our culture."

'League of Legends' crowns $1M champions →

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