HUYA Inc. Amends League of Legends Broadcasting License

TL;DR

HUYA inks new deal for League of Legends broadcasts with Tencent affiliate.

AI Summary

HUYA Inc. announced on September 27, 2024, that its variable interest entity, Guangzhou Huya Information Technology Co., Ltd., has entered into a second supplemental agreement to its License Agreement for Broadcasting League of Legends Matches with a Tencent affiliate. This agreement, originally dated April 27, 2021, and previously supplemented on January 12, 2023, concerns the broadcasting rights for League of Legends matches.

Why It Matters

This amendment to the broadcasting license agreement with a Tencent affiliate is crucial for HUYA's content acquisition strategy and its ability to monetize popular esports events.

Risk Assessment

Risk Level: medium — The reliance on licensing agreements with major partners like Tencent for popular content introduces dependency and potential risks related to renewal or terms.

Key Players & Entities

• HUYA Inc. (company) — Registrant
• Guangzhou Huya Information Technology Co., Ltd. (company) — Variable interest entity of HUYA Inc.
• Tencent (company) — Affiliate involved in the license agreement
• April 27, 2021 (date) — Original License Agreement date
• January 12, 2023 (date) — Date of previous supplemental agreement

FAQ

Filing Documents

• tm2425012d1_6k.htm (6-K) — 10KB
• 0001104659-24-103740.txt ( ) — 11KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2024 Commission File Number: 001-38482 HUYA Inc. Building A3, E-Park, 280 Hanxi Road Panyu District, Guangzhou 511446 People’s Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F HUYA Amends License Agreement for Broadcasting League of Legends Matches with a Tencent Affiliate Guangzhou Huya Information Technology Co., Ltd. (“ Guangzhou Huya ”), the variable interest entity of HUYA Inc. (the “ Company ”), has entered into a second supplemental agreement to the License Agreement for Broadcasting League of Legends Matches dated April 27, 2021, as supplemented by a supplemental agreement dated January 12, 2023 (collectively, the “ License Agreement ”), with Tengjing Sports & Culture Development (Shanghai) Co., Ltd., an entity affiliated with Tencent Holdings Limited (the “ Second Supplemental Agreement ”), pursuant to which the aggregate license fee payable by Guangzhou Huya under the License Agreement for the years 2024 through 2025 will be decreased to RMB230 million. Prior to the amendment by the Second Supplemental Agreement, the aggregate license fee payable by Guangzhou Huya for the years 2023 through 2025 under the License Agreement amounted to RMB450 million, including the license fee payable for the years 2024 through 2025 in an amount of RMB300 million. The Board of Directors of the Company and the audit committee of the Board of Directors of the Company have each approved the Second Supplemental Agreement and the transactions under the License Agreement as amended by the Second Supplemental Agreement. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. HUYA Inc. By: /s/ Raymond Peng Lei Name: Raymond Peng Lei Title: Acting Co-Chief Executive Officer and Chief Financial Officer Date: September 27, 2024

View Full Filing

View this 6-K filing on SEC EDGAR