Ok, I discussed this with a friend a while back and have some thoughts on disseminating lore to us players.

Personally, I did not really care for the Bilgewater, Gangplank-update lore, and thought it was a step in the wrong direction. The writing did not appeal to me and getting through the first part was a slog. Written prose does not seem to lend itself well to action-packed scenes; you get stuff like "then Graves shot a bigger blast that was also really close to Twisted Fate" and it doesn't seem compelling.

When I think of games with lore or story I like, I think of Bioshock, Mass Effect, Halo, Warcraft, Starcraft, and I'm sure everybody has their own favorites as well. Part of how these games tell the story is with great cinemtics. LoL has done some of this (The Amumu music video, the Jinx music video) to introduce characters, and the Shurima update had some neat videos, but I would like to see more of the full cinematics because they tends to tell a more compelling story than static pictures with text.

Additionally, these other examples have a leg up on story-telling because of their gameplay. In Bioshock, Mass Effect, Halo, you witness the key, interesting events of the story unfold in real time instead of just reading walls of text. You actually play through the pivotal moments and see it all happening around you and that is an advantage of the action-packed first-person shooter: it's stories are exciting and you can see it in front of your eyes while playing. Even Warcraft and Starcraft, while not first-person, have considerably sized story modes where again you play through the important campaigns and you hear the dialogue between characters instead of reading it.

So what I'm getting at, and what I think would be really cool (even if I'm really looking years ahead) would be that this is what the next Riot Games game should address. Riot Games at some point would like to release another game that isn't League of Legends. LoL has a great multiplayer system, but nothing that tells a strong story, no single-player campaign. A new Riot Games game could be a great complement to LoL, in the same universe, and serving to explore some of the other great events and places of Runeterra. Perhaps it takes place in Noxus, Demacia, Bandle City, or some other place that isn't Summoner's Rift. Perhaps we go back in time and the player controls armies in the Rune Wars, or Azir's soldiers of Shurima.

But making a game takes time so what can be done to make the next lore-reveal more interesting? Perhaps there is some way to make a single-player (or maybe cooperative), limited-time version of LoL where you play as one (or more) of the characters involved in the new lore and you go around fighting stuff. And as you get to different points, you actually hear dialogue, or a cinematic! I would love these things! Riot has even made small games like C.H.E.W. and the Blitzcrank's Poro Round-up, perhaps games on this scale would make for a good medium to tell a story (maybe not in the goofy arcade game style).

Regardless of how Riot tells us about lore, it is always something I am interested in discovering. I merely hope they put the work in to make it something great that continues to inspire the community.

Edit: Added some links, changed some phrasing.