Tencent invests in 'Nier:Automata,' 'Bayonneta' developer ·
Summary
Tencent has invested an undisclosed amount in Japanese game developer Platinum Games, known for action titles such as “Nier: Automata” and “Bayonetta,” the company said on Tuesday. Why it matters: With Chinese regulators tightening control over game licenses and content, Tencent has been looking at opportunities in overseas markets to boost game revenue growth. Details: Platinum Games will use the funding to expand from game development into self-publishing. Context: Tencent owns shares of several major game publishers and developers around the world, including a 5% stake each in Activision and Ubisoft, 40% of “Fortnite” owner Epic Games, and 11.5% of “PlayerUnknown’s Battleground” owner Bluehole.
Funding
Amount
-
Total raised
Date
January 7, 2020
Announcement date
Investors
Sensor Tower, Jinhuitong Investment
Lead investors
Company
https://www.platinumgames.com/
Funded company
Classifications
industries
No industries detected
applications
Anti Piracy
AskAI Classifications
Labels
SaaS
Market Intelligence Software
Digital Analytics
Linked Companies
Sensor Tower
$1M to $5M
Tencent
$1B+