Chinese giant Tencent invests in PlatinumGames
Chinese gaming giant Tencent has put its faith into development studio PlatinumGames to enable it to self-publish titles.
The pair have now formed a capital alliance in which there will be no change to the studio’s independence.
It is perhaps best known for developing massive hits like Bayonetta, NieR: Automata and Astral Chain which were all published under the names of bigger companies such as Square Enix and Nintendo.
The alliance will allow for PlatinumGames to publish its future games under its own name and, by default, grow.
The upper management will not be subject to a shift and will retain their positions.
Tencent Holdings is the main shareholder behind Riot Games, known as one of the industry’s leviathans for creating League of Legends, for which it holds the publishing rights.
It also owns a 40% stake in Epic Games – creator of Fortnite – and acquired the Chinese publishing rights to PlayerUnknown’s Battlegrounds (PUBG).
In moving toward self-publishing, PlatinumGames should see a radical shift in its status quo meaning it can further develop multi-platform titles.
It recently unveiled a trailer for its next game – Bablyon’s Fall – with more details set to be unveiled later this year. It is also expected that news surrounding Bayonetta 3 will be revealed later this year.
“By accepting this investment, we will strengthen our management base, and in the future we will work not only on game development but also on our own title publishing business,” said president Kenichi Sato.
“In addition, we will continue to pursue the creation of high-quality games unique to Platinum Games and thank you for your support.”
Interested in reading more Tencent-related stories? Discover more about Call of Duty: Mobile, which was developed by Tencent, surpassing 100 million downloads within its first week of release.