A new development studio by the name of The Believer Company has been formed by former Riot Games leadership – former Riot Games vice president Michael Chow, who will serve as The Believer Company’s CEO and former executive producer of League of Legends and Riot Games co-founder, Steven Snow, who will serve as chief product officer, according to a press release.
The Believer Company’s first project has already been decided and is described as an original “next-generation open-world IP” with the hope of creating a narrative where a player’s choices matter with gameplay that brings players together rather than pushing them apart. As a part of the studio’s launch, The Believer Company can kickstart development on the game thanks to $55 million in Series A Funding from Bitkraft Ventures, Riot Games, 1Up Ventures, Don Thompson’s Cleveland Avenue, Michael D. Eisner’s Tornante Company, and other venture partners.
“Players are the best audience to serve in the world. They’re noble, smart, discerning, and infinitely inventive. We hold their investments of time, skill, and hard-earned money as sacred, and we will always put their needs first at every stage of Believer’s journey,” The Believer Company CEO, Michael Chow said in a statement.
No other details on The Believer Company’s first project were given but the studio’s strategic partner Michael D. Eisner hints that the Believer’s first IP could pop up in more mediums beyond just games and that “truly great content franchises are not built with a single media type.” Knowing the studio’s League of Legends lineage they could create another “Arcane” if everything pans out if this project actually becomes a franchise or not, but we’ll have to wait and see.