Playtonic announces Tencent investment, major expansion plans ahead

Discussion in 'Gaming News Discussion' started by Calliers, Nov 19, 2021.

  1. Calliers

    Calliers Administrator/Editor Staff Member

    Oct 12, 2004
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    The home of Banjo-Kazooie’s spiritual successor is plotting a massive future adventure. Playtonic Games has announced that Chinese tech conglomerate Tencent has purchased a minority stake investment in the company that will allow the developer and publisher to reach its aspirations.

    Playtonic will be more than doubling its headcount soon as the company will expand to a total of three development teams dedicated to both developing and publishing games. The upcoming massive expansion will allow Playtonic to create and publish titles at a more efficient rate — one of the notable projects mentioned in the announcement includes a sequel to their debut 3D platform title Yooka-Laylee.

    According to Playtonic boss Gavin Price, Tencent will not be interfering with the company’s development efforts or will be controlling their IPs. The Tencent investment will merely offer Playtonic the funding and connections the company needs to further reach its goals.
    Source: nintendowire

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