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140°

Tencent Acquire Playtonic Minority Stake

Tencent Acquire Playtonic Minority Stake - Playtonic are looking toward a busy and exciting future with Tencent on board to drive development

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lastwordongaming.com
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LWOGaming905d ago
LWOGaming905d ago

Tencent seem to be getting involved in a lot of different developers but always with fairly small shares.

darthv72905d ago

that's how full acquisitions start... with minority stakes.

justadelusion905d ago (Edited 905d ago )

Companies need to open their eyes to what both Tencent and china is doing..

ActualWhiteMan905d ago

They are blinded by Money and ignorance.

solideagle905d ago

could you please explain what is China doing? I don't know much context. Why Chinese company buying a studio is bad and not American companies globally? It's an honest question.

VenomUK905d ago

@solideagle The concern is not about Chinese people, it is about Chinese businesses that have to strongly comply with the wishes of the Chinese government or face severe penalties, both on the companies financially and their ability to operate and the individuals who could face imprisonment.

In practice this mean the freedom to create art is restricted in different ways; criticism of the Chinese government or people is not allowed as well as promotion of LGBTQ issues and prominence of ethnic minorities of colour.

The profits from Chinese businesses are potentially so massive that’s why you see American companies like Disney and Paramount and Apple increasingly censoring their content to secure Chinese money.

annoyedgamer905d ago

It's not really any worse than US companies owning and Infuencing anything.

Michiel1989905d ago

it is, they censor the F out of everything.

spss11905d ago

The big difference is many Chinese corporations are in bed with the Chinese government, a government which is incredibly corrupt and evil. I try my best to not support them.

spss11905d ago (Edited 905d ago )

Not just companies. We all need to be aware. China's continued development of ASAT systems and hypersonic weapons should be alarming to everyone. They now have first strike capabilities and could easily destabilize the East-Asia region.

So whether it's Tencent, ByteDance or whatever, I don't want any of it. I won't support them.

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110°

Report: Sexual Misconduct Investigation Conducted at EA, Suspects Named and What They Did Revealed

EA senior staff has been investigated for sexual misconduct involving female coworkers, and these said people have been named publicly.

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Community1h ago
isarai5h ago

Aye just call Phil, i mean he somehow made Bobby Kotick's scandal disappear and gave him a few million dollar high five on the way out.

XiNatsuDragnel2h ago(Edited 2h ago)

EA about to go down like Activision and then Phil saves the day saying.this is good for the industry and consolidation will help create competition. /s.

ravens5248m ago

What's up with all these horny creeps. You gon be horny, fine. Just not at work take care of that shit before you go in. Rub one out if you have to. Don't be a creep at all. ESPECIALLY at work. But don't be one AT ALL.

NotoriousWhiz24m ago(Edited 24m ago)

"it seems that according to EA, given the events transpired outside of work between two adults, and the fact that once investigation has started that the alleged perpetrators didn’t do it again, the investigation is considered closed. [...] The victim still has to work with the people that harassed her."

Yep, EA is disgusting.

240°

Former Deviation Games Devs Have Formed A New Studio At PlayStation To Work On A New IP

Former Deviation Games developers have formed a new studio at Sony Interactive Entertainment in order to work on a brand new PlayStation IP.

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Community8h ago
Tacoboto16h ago

Well that's an awesome and very surprising turnaround. Cheers to the new studio and what they'll build!

RaidenBlack13h ago

Likely to continue their FPS project

Cacabunga2h ago

It is not about money it is about talent.. get that talent in and they will take care of you and earn you that money

Eonjay2h ago

I had picked up on this before the Deviation shutdown was announced. It was pointed out that a senior manager of the team had joined PlayStation prior to the close. It was a little suspicious because from the outside in, it appeared had basically poached Deviation's talent.

Reading some of the other comments it seems this is understood to be the case.

In other news it would be wild if Sony winds up announcing a brand new internal studio.

isarai12h ago

That's..... confusing, so shut down but just reformed and same employer 🤔 sounds like pretty much what happened to Japan Studio basically just being rebranded as Asobi

ocelot0711h ago

It is odd one I don't know how business deals work or the law of that kind of stuff. But is it possible Sony reached out and said hey we want you apart of Sony but don't want to purchase you for what ever reason. How about use disband and we will open a studio and hire you guys type of thing. Is that even possible?

isarai11h ago

Maybe it's to void/bypass some contract? I have no clue

VersusDMC7h ago(Edited 7h ago)

I guess the deviation team fell apart and didn't deliver good progress on what they pitched (they overhyped themselves when the team was announced)so Sony shut them down. They regrouped with a new team and a new pitch so Sony is giving them another shot.

And this time they are keeping it quiet to keep pressure down on the team. So people aren't asking everyday what deviation(or whatever the new team is called) is doing.

Edit: Also Sony never owned them. They just ended their partnership with them. Deviation decided to close on their own.

outsider16246h ago

Good point. You know, i was thinking of Days Gone too. They pitch an idea to Sony for Days Gone 2 but Sony didnt like it do they scrapped the whole thing. Maybe if a good pitch came by...they'd reconsider it.

isarai5h ago

That makes a bit more sense

lodossrage5h ago

To be fair, Sony didn't shut them down. Devation was independent. Sony pulled funding on the project they were working on. As a result, they couldn't run so Devation decided to close on their own.

roboteye7h ago

If this was MS they'd be gone.

Goodguy016h ago

Maybe make a smaller game this time?

Elda6h ago

Good for them that they were able to work it out. Hopefully they're developing something interesting.

Rainbowcookie5h ago

I think Sony is thinking long term as a replacement for Call of Duty M$ edition.

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240°

More Job Losses At Xbox, “There’s More To Come”: Paul Thurrott

Paul Thurrott in a recent episode commented on the on-going Microsoft fiasco hinting at more job losses and that "there's more to come".

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Community13h ago
Sonic188113h ago(Edited 13h ago)

There won't be no more acquiring game publishers from Microsoft in the future . Xbox has to pay Microsoft back. It might take two decades to do that.

sagapo10h ago(Edited 10h ago)

I don’t understand what you’re saying. Xbox IS microsoft so there’s no “paying back “.
And MS gross profit in 2023 was over 140 billion dollars so forget your 2 decades.

Unless you mean the money MS invested in Xbox (acquisitions included) and the time it will take for xbox as a brand to gain that money back on it’s own, then yeah, that could take a while.

romulus233h ago

The better term to use might be return on investment, xbox is simply a division of Microsoft one that MS can easily do away with if profit margins are not met. So in that regard he's right, if xbox isn't showing the expected return on investment the higher ups are expecting than it's unlikely Microsoft will acquire any other studios any time soon, especially if they are spending billions buying developers just to shut them down in the end.

SonyStyled9h ago

“There won't be no more acquiring game publishers from Microsoft in the future”

No bro, there do be is for Microsoft not acquiring for what is now if not what it be is 😂

Ms3tjt7h ago

“ Xbox has to pay Microsoft back. ”

Aka

“I don’t know how business works”

Domkakop5h ago

You might need to take a good hard look in the mirror

Ms3tjt5h ago

Yeah I forgot Xbox is separate from Microsoft and Xbox borrowed the 69bn from Microsoft, and Microsoft didn’t get COD, Candy crush etc in return 😂😂👏

jwillj2k413h ago

There really needs to be a class action lawsuit here. You buy these companies just to put people out of jobs. And it’s not like something happened to derail their plans this WAS the plan. Microsoft has no business in this space at all.

franwex12h ago(Edited 12h ago)

Microsoft has been doing this for years. They simply want the IPs. Look at Nokia. Look at Skype. This time it simply expanded to games. Gaming is not as important to Microsoft’s executives as it was to the founders too. Bill Gates was willing to sell the og Xbox at a loss. Steve Balmer approved the red ring of death fiasco. This CEO isn’t really a gamer.

-Foxtrot11h ago

Maybe it's time though to put a stop to it and use a big giant like Microsoft as a huge example to the rest of these big companies.

There has to be a line drawn somewhere.

People like the FTC and the like went against Microsoft yet their Actvision deal was still allowed to go through yet look what's happened...it's not even Acitivisions studios aswell, it's Bethesdas.

RNTody12h ago

Ninja Theory, Perfect Dark, Crash Bandicoot, Spyro, Wolfenstein 3, Dishonored, Prey, Doom, Quake... something tells me that bad things are going to happen to these entities under Microsoft.

MrDead1h ago

ID software, the makers of Doom and Wolfenstein that have been with us since 1991 could be gone and MS will keep the IPs.

I hope some of these studios can buy their freedom from MS otherwise this is going to be even more devastating for the industry and gamers.

anast11h ago

Good thing the bosses of all those small studios made their money.

glenn197911h ago

they cant do it right now they will get burned

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