Chinese-based firm Tencent Holdings has shown to be opening its hands to studios and other developers in efforts to assist the same teams into branching towards independent, self-publishing positions in the coming future. The first instance occurred in the beginning of 2020 as PlatinumGames reported to be accepting a capital investment for the company which would be utilized to revamp the team for self-reliance and financial stability.
Follow suit later in 2020 with a separate announcement made by Yager Development as The Spec Ops: The Line developer would also be receiving its own capital care package from Tencent Holdings. The studio told that this new opportunity would open new roadways as the team’s CEO shared it would utilize resources now available to Yager Development.
Now in a new report from Bloomberg, Tencent Holdings next interest is aimed towards Japanese developer Marvelous. While the two have collaborated with previously announced projects, Tencent is speculated that this new initiative is to better tap into the Japanese market as told by Ace Research Institute Tech Analyst Hideki Yasuda.
Tencent’s reason for the investment is probably to learn how to make console games from Japanese companies, one of the last frontiers for the Chinese tech company’s game business. The investment will help Marvelous ride through the period of global economic uncertainty, and release more of its domestically-popular titles to the Western market.
It is reported that Tencent holdings has acquired roughly 20 percent of stake for Marvelous. It is estimated that the new purchase will cost the firm about $65 million or 7 billion yen in the home nation’s currency.
Determining what this new move will unravel for Marvelous thanks to Tencent’s involvement was not spared in the report. But if the aim is for more properties to hit global markets from Marvelous, we could suspect entries like IA/VT Colorful and Doraemon Story of Seasons just to name a couple. Or perhaps new properties as well will be birthed from this new partnership as well.
What do you think could come from this new capital investment?
Source: Bloomberg
