Chinese gaming giant Tencent has reported profits in excess of $1bn in its first financial quarter.
Profits reached $1.1bn, up eight per cent year-on-year, while revenues jumped 22 per cent at $3.65bn. Operating profit climbed 20 per cent to $1.5bn.
Online game revenue grew 29 per cent to $2.1bn while social network revenues grew by 32 per cent to $856m. Smartphone revenues shot up by 82 per cent to $700m. League of Legends enjoyed what was described as “healthy” year-on-year growth.
Swedish Arrowhead is behind the successful game Helldivers and made a profit of 729 million kronor last year after its latest launch. In addition, Chinese Tencent has bought just over 15 percent of the shares at a valuation of just over 5 billion.
Admin note: If you get "can't translate" error, just refresh.
With League of Legends Season 2 making its way to Ionia, one mage champion may be the next redesign after being teased in recent content.
Ubisoft has created a subsidiary company based on its Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six brands, with a €1.16 billion (approx. $1.25 billion) investment from Chinese megacorp Tencent.
It’s definitely one of the games of all time. One of the games that i’ll try out when it’s free on PS plus which is probably gonna be sooner rather than later, or pick it up when it’s 10 bucks. And all that still is a big maybe.
Im being sarcastic, I wouldn’t touch this slop with a ten foot pole. But apparently Assassins Creed is now all of a sudden the franchise we need to defend with our lives online. I’m simply just summarising the online sentiment around this game and reporting it back to you guys here
It’s the Feudal Japan Assassins creed game we all dreamed about 10 years ago and it’s a massive success, who cares if the story sucks ass (online sentiment)
To be fair, this feels a lot like a preventive measure to ensure the survival of their IPs and help with funding of them via outside support while also giving up part of the profits. While these games aren't going away, this isn't a good sign for Ubisoft to have to make these deals.
THIS. That smells like asset protection, won't surprise me one bit if it turns out Yves and his brothers are named personally along with Ubisoft and Tencent as beneficiaries of this joint venture, so they can retain some control and/or profit participation for those IPs even if they were to loose control over Ubisoft (or, like, to stop such a move from happening as therein lies most of the value of the company)... I guess we could say the Guillemots are building a nest egg (I'll see myself out).
Bro no one ACTUALLY wants Ubi to disappear. They aren't actually any worse than every major publisher in the industry. That'd be horrible for way too many devs. It's just that their decisions don't give much hope that they'd stay in business.
Exactly people love Ubisoft they just want them to pull their head in and go back to the drawing board and bring back the classics like splinter cell
"They just sold a quarter stake to Tencent how does this end well for them"
Same way it ended well to Kadokawa which sold even more to both Sony AND Tencent.
Ubisoft still *owns* their IPs! They still are *independent*! They´d just managed and avoided any possible hostile takeover from EA or MS while retaining their IPs.
Analysts and the gaming market reacted positively to both AC Shadow´s launch and the new deal with Tencent as Ubisoft shares climbed more than 11%.
https://www.wsj.com/busines...
https://finance.yahoo.com/n...
But hey, don´t let me stop you from your doom and gloom narrative.
I enjoy most Ubisoft games so I'm hopeful for future plans. Looking forward to the next Division game.
Hopefully, China's involvement will improve their IP development going forward.
tencent already owned 11% of ubi along with 599 other companies. I did not know they owned 100% of RIOT games however. they have their hands in a lot of cookie jars...
Maybe it's time for them to get rids of all the long running IPs and actually start being creative. I still have hopes for the new Heroes of Might and Magic game.
