Tuesday, November 5

Tencent obtains video game studios from TikTok maker ByteDance

2 designers have actually signed up with Tencent’s ranks following a handle ByteDance.

Per Reuters, the 2 groups have actually formed a single entity called “Saluosi.” At present, it sounds as though both studios will still deal with their particular jobs, an action video game and an anime title.

ByteDance exposed in November 2023 it was aiming to totally leave the video game market. In January, Tencent was apparently thinking about purchasing its possessions, like Crystal of Atlan.

To date, much of Tencent’s 2024 news has actually been more about its organization than video games launched. In current months, it’s gotten partial (or complete) ownership of Techland and Wangyuan Shengtang.

Tencent’s mobile concerns

These offers come as Tencent’s had problem with developing mobile spinoffs for cherished titles like Nier and Elden Ring. A few of that can be credited to declared rights problems in between it and the video games’ particular designers.

CEO Pony Ma previous stated he felt Tencent had an uneventful 2023 compared to other designers. Getting ByteDance’s deserted studios technically counts as something, however Tencent’s circumstance isn’t assisted by China’s tightening up playtime limitations and a bigger market unpredictability.

About the Author(s)

Contributing Editor, GameDeveloper.com

A Kansas City, MO native, Justin Carter has actually composed for many websites consisting of IGN, Polygon, and SyFy Wire. In addition to Game Developer, his writing can be discovered at io9 over on Gizmodo. Do not ask him about just how much gum he’s had, due to the fact that the response will be more than he’s ready to confess.

ยป …
Find out more