Tag: tencent
Tencent interview: How gameplay can get game studios through a recession
Tencent are working in concert with Ubisoft’s founding family after €300m investment
Chinese media giants Tencent have invested €300 million (£260 million) in the company operated by Ubisoft’s founding family, the Guillemots. The deal will see Tencent bring some of Ubisoft’s most well known game series to mobile, and to PC in China. Tencent’s investment in Guillemot Brothers Limited follows speculation last month that they were looking to take out a bigger stake in Ubisoft, even becoming the single largest shareholders.
Ubisoft beefs up ties to Tencent through sale of Guillemot Brothers Ltd. stake
Tencent and Sony purchase shares in From Software
Sony and Tencent buy almost a third of FromSoftware’s stock in joint deal
Sony Interactive Entertainment and Chinese conglomerate Tencent have bought a combined 30% of stock in Elden Ring and Souls series developers FromSoftware, parent company Kadokawa Corporation have announced today. The transaction leaves Sony with a 14% stake in FromSoft, and Tencent acquiring 16% of the company’s shares. Kadokawa remain the largest shareholders, holding almost a 70% stake in FromSoft.
Elden Ring developer receives more Sony and Tencent investment
Sony and Tencent are set to increase their investment in Elden Ring developer FromSoftware, also makers of some of the best RPG games including the Dark Souls series, Bloodborne, Sekiro, and Armored Core among others. The deal was announced by FromSoftware’s parent company, Kadokawa Corporation, with both companies previously having previous minor investments in the developer.
The deal was announced in a press release published by Kadokawa Corporation president Takeshi Tasuno (via Gematsu). Sony Interactive Entertainment is expected to increase its previously minor investment in FromSoftware to a total of 14.09% of the developer’s total shares, while Tencent Holdings is to increase its investment to 16.25% of FromSoftware’s shares through its subsidiary group Sixjoy Hong Kong Limited.
Sony’s further investment has already sparked plenty of rumours online about the possibility of additional collaboration projects with FromSoftware. While the Elden Ring and Dark Souls IP rights are owned by their publisher Bandai Namco, Sony has previously published both Demon’s Souls and Bloodborne from the Japanese development studio – meaning that many fans are now speculating about the possibility of a Bloodborne sequel or a new original game in partnership with Sony following this deal. The copyright for Sekiro: Shadows Die Twice, while published by Activision, actually sits with FromSoftware themselves.
RELATED LINKS: The best Elden Ring builds, Elden Ring bosses, The best Elden Ring classes
FromSoftware may soon publish its own games thanks to new investments from Sony and Tencent
FromSoftware, the Japanese studio that went from a niche developer that produces mini-hits, to the creator of Elden Ring – 2022’s best-selling game so far – is and has been a hot target for acquisition and acquisition speculation.
But while FromSoftware has not been bought by any big player, major companies are quickly buying up stock in Kadokawa, the corporation that owns FromSoftware.
Kadokawa announced this morning in a press release [PDF] that it has issued new shares of its stock in FromSoftware to Chinese giant Tencent, and Sony Interactive Entertainment.
System Shock 3 is up to Tencent, confirms Nightdive Studios
Tencent Music Entertainment Group (TME) Q2 2022 Earnings Call Transcript
Tencent Music Entertainment Group (NYSE: TME) Q2 2022 earnings call dated Aug. 15, 2022 Corporate Participants: Cheuk Tung Tony Yip — Chief Strategy Officer Cussion Kar Shun Pang — Executive Chairman Zhu Liang — Chief Executive […]
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