PlatinumGames has formed a Capital Alliance with Tencent

[ggx2ac]

Source: https://www.platinumgames.com/news-january-7-2020/

Press release:

Announcement regarding partnership with Tencent


We would like to announce we have received a capital investment from Tencent Holdings Limited as a basis for partnership. This partnership has no effect on the independence of our company, and we will continue operations under our current corporate structure.

We hope to use this capital to strengthen our foundation as a business and expand from game development into exploring self-publishing. We also hope that this partnership can give us a wider global perspective, while still creating high quality games that stay true to our name.

Thank you as always for your continued support. Please look forward to what we have in store.

January 7, 2020
President and CEO
Kenichi Sato

 

[RedHeat]

Interesting.

 

[Theswweet]

They're pursuing Publishing now, too? Huh.

 

[Chaos2Frozen]

They're pursuing Publishing now, too? Huh.

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yeah, it was a million years ago that they mentioned wanting to publish their own games

 

[Shard Shinjuku]

Oh no, oh no, OH NO!

 

[Atheerios]

I can already see the day Tencent buys Platinum.....

 

[Deleted member 51691]

They're pursuing Publishing now, too? Huh.

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They've had ambitions of self-publishing for a while now but haven't been able to do it yet. They're clearly still dependent on contracts from big publishers like Square Enix and Nintendo, but this investment should help them move towards self-publishing.

 

[Mary Celeste]

hope this helps Platinum do what they've always done and stay totally independent.

 

[Soul Lab]

nooooo

 

[Tyrant Rave]

I remember Inaba talking about P* publishing games in the future, so it makes sense

 

[rude]

They're pursuing Publishing now, too? Huh.

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Yes. Their new IP is self-published and supposed to "move the action genre forward" iirc.

 

[Velezcora]

I don't see Platinum choosing to be bought unless everyone who founded it leaves.

 

[Aokiji]

Prez meant it when he said they wanna become a huge indie dev. Doesn't sound like they have any plans to sell.

 

[Sandfox]

Platinum getting that China money.

 

[SilverX]

I hope this finally rests the "MS is gonna buy Platinum, just you wait!" comments, especially since those comments always come up when you are trying to explain WHY they won't be bought by MS....

 

[Velezcora]

I hope this finally rests the "MS is gonna buy Platinum, just you wait!" comments, especially since those comments always come up when you are trying to explain WHY they won't be bought by MS....

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That's just fanboy wish fulfilment anyway.

 

[Sagadego17]

Platinum getting that China money.

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Vomits

 

[Tibarn]

They're pursuing Publishing now, too? Huh.

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They have been wanting to publish their own games for a while now, at least one year, so yeah (they are not even finishing the games recently so I'm not that confident that we will see any P*-published game soon).

 

[Inuhanyou]

I hope this finally rests the "MS is gonna buy Platinum, just you wait!" comments, especially since those comments always come up when you are trying to explain WHY they won't be bought by MS....

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I always thought nintendo

 

[SugarNoodles]

China taking over the entertainment industry is perfectly normal.

 

[Qvoth]

wonder what the terms are

 

[clay_ghost]

At least they will still develop for all platforms this way.

 

[N.Domixis]

Is t this good news? Now they can go multiplayer right?

 

[Iva Demilcol]

This really sucks

 

[Deleted member 35077]

Whatever happened to that mobile game that they were making that shared a similar artstyle to Okami? Maybe, they went to them to publish it.

 

[WarpSpeedMolasses]

hope this helps Platinum do what they've always done and stay totally independent.

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This. If cellphone projects help keep funding their console output, then so be it.

 

[King Dodongo]

Vomits

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Worked for SNK, so that one was a "better than nothing" scenario than the alternative.

 

[Green Mario]

Eh, I guess this could be a good thing.
Also, what happened to World of Demons? :(

 

[Deleted member 2229]

If it keeps Platinum from going under and allows them to keep making games then I'm all for it.

 

[Einbroch]

So many "oh noes" yet Tencent is so hands-off it's incredible.

 

[texhnolyze]

Unless you want their games to keep being locked to certain publishers and/or platform, isn't this a good news?

 

[cw_sasuke]

Good for Platinum - securing their future. People underestimate how difficult it is to survive in the console space especially with the kind of games P+ Games make.

Hope this results in ambitious self published content.

 

[The Ummah]

The key here is that they are still able to do what they want and publish their own work. I'm wondering what the terms of the investment are though. This is interesting.

Also wondering who else might be on Tencent's radar now 🤔

 

[SinCityAssassin]

This is how World of Demons survives.

 

[Deleted member 10551]

Worked for SNK, so that one was a "better than nothing" scenario than the alternative.

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That wasn't Tencent though I believe.

 

[King Dodongo]

That wasn't Tencent though I believe.

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I know. I'm just confused about "chinese money" as it if was a bad thing.

 

[Terror-Billy]

I hope this finally rests the "MS is gonna buy Platinum, just you wait!" comments, especially since those comments always come up when you are trying to explain WHY they won't be bought by MS....

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lol, it won't. From Software is freaking owned by a company already and you still get comments saying "yaaas I hope MS/Sony buys them. Oh the meltdowns!"

 

[Sagadego17]

Worked for SNK, so that one was a "better than nothing" scenario than the alternative.

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Just don't want em to become like blizzard aka China's slave

 

[Deleted member 34949]

Hey, if it secures their future as a developer and lets them retain their independence, I'm all for it.

 

[Ninjadom]

Hey, if it secures their future as a developer and lets them retain their independence, I'm all for it.

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Provided that Platinum can afford to pay back the loan money from their Tencent Overlords.

 

[King Dodongo]

Just don't want em to become like blizzard aka China's slave

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Good point. Still, one would think that Platinum won't be dumb enough to fall into corporate clutches. Time will tell for sure.

 

[WackoWambo]

Chinese money in games may cause me to bow out entirely. It's a shame that platinum took the money, but I get that business has to business. Good thing consumer doesn't have to consumer.

 

[Deleted member 10629]

For fuck's sake, not Tencent :/

 

[Sagadego17]

Good point. Still, one would think that Platinum won't be dumb enough to fall into corporate clutches. Time will tell for sure.

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Yup. Just long as they stay independent, so be it.

 

[MegaXZero]

Yes but no. Good for Platinum, but I really hope Tencent doesn't get a bit controlling.

 

[Calvinien]

hope this helps Platinum do what they've always done and stay totally independent.

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I mean, isn't that what chinese conglomerates are known for? Helping foreign companies maintain indie staus, totally not stealing your data and 100% respecting human rights.

 

[Thorn]

 

[Deleted member 49535]

I hope this finally rests the "MS is gonna buy Platinum, just you wait!" comments, especially since those comments always come up when you are trying to explain WHY they won't be bought by MS....

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If anything I've seen this more from people wanting Nintendo to buy them.

 

[vala]

 

[Thorn]

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Yeaaaah. Platinum Games and Tencent couldn't be more incompatible. I'm very nervous.