‘The story is false’: ESPN, Riot Games deny $500M League of Legends esports TV deal

Earlier today, a story broke from esports news site PVP Live claiming that ESPN is in talks to spend $500 million for League of Legend’s television-broadcasting rights. That is not the case.

ESPN and Riot Games have both confirmed to GamesBeat that they have no deal in the works with one another. The companies previously teamed up to broadcast League of Legends matches on the ESPN3 streaming network, but they are not actively working toward any deal that is worth any amount of money — let alone $500 million.