Thirty7ven
Banned
Tencent seems to buy multiple studios every year, and they are already the largest game company in the world.
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Tencent to acquire British video game company Sumo Group in $1.3 billion deal
- Thread starter cormack12
- Start date
ChuckeRearmed
Member
Tencent is mostly mobile pivoted anyway, but considering that Chinese main interest is the data, I am pretty sure the games will be everywhere - with censorship of course but it is what it is. It is interesting though - chinese companies can freely operate on the west, while western companies cannot operate freely in china.
These days companies want to burn a lot of money - thus companies are overpriced yet other companies are willing to purchase.
I wonder what megaton acquisitions will happen in the near future.
Tencent? They can spend a lot I think.
These days companies want to burn a lot of money - thus companies are overpriced yet other companies are willing to purchase.
I wonder what megaton acquisitions will happen in the near future.
Little Chicken
Member
Well there goes my dream Winnie the Pooh game set in Tiananmen Square, 1989.
HerjansEagleFeeder
Gold Member
So all of their upcoming games will be compliant with Chinese censorship regulations. Nice.
recursive
Member
Could have fooled me with all of the gamepass shilling and Phil cock stroking that goes on.i wouldn't be surprised if Sony was revealed to actually own this forum. it leans so heavily towards PS and Xbox is laughed at. it's quite pathetic really.
SidViscous
Member
Good for Sumo, they put out some real bangers and also do sterling support studio work that often goes under the radar.
On a less serious note, who are you going to main in Communist All-Star Racing?
On a less serious note, who are you going to main in Communist All-Star Racing?
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cormack12
Gold Member
You wanted politics in games everyone. Now get in line to get your state sponsored copy of Spy on your neighbours!
Dr.Morris79
Gold Member
Just practice these every morning, you should be good to go in the future.
Its the UK, they don't like to maintain control over anything. All the best developers and tech companies from the past few decades were bought by the Americans and shut down, this is standard practice.
StreetsofBeige
Gold Member
A lot of money for a studio where half their games are ports for older consoles or a b-tier kinds of games. Tencent must have big plans for them.
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Interfectum
Member
Global Capitalism. Doesn't care about politics or borders... just $$$.
The big question is, who will buy Sony first? Apple or Tencent?
The big question is, who will buy Sony first? Apple or Tencent?
Punished Miku
Human Rights Subscription Service
China isn't going away. They're going to be an equal in this space, or even slightly bigger.
It is what it is. You can't just snap your fingers and make it so 1.4 billion people with a vibrant middle class don't consume any entertainment content. I was all about Shaw bros. movies and Hong Kong action flicks when I was growing up. Even a lot of early Bruce Lee movies are pro-Chinese, anti-Japanese war films. Same with Donnie Yen films, or some Jackie Chan films.
Maybe they'll have some good stuff at some point. Sumo makes good games. It's not like anyone was rushing out to buy the next Sumo product or fund their next game though.
It is what it is. You can't just snap your fingers and make it so 1.4 billion people with a vibrant middle class don't consume any entertainment content. I was all about Shaw bros. movies and Hong Kong action flicks when I was growing up. Even a lot of early Bruce Lee movies are pro-Chinese, anti-Japanese war films. Same with Donnie Yen films, or some Jackie Chan films.
Maybe they'll have some good stuff at some point. Sumo makes good games. It's not like anyone was rushing out to buy the next Sumo product or fund their next game though.
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MrHydra933BR
Member
They made good games, not amazing ones but good ones. Snake Pass and the Sonic All-Stars Racing series.
Just don't mention Tiananmen Square to them.
Just don't mention Tiananmen Square to them.
Interfectum
Member
This is more of an insidious purchase than anything else. Sumo has their hands in a lot of games, now Tencent does. While MS sings about their purchases from a hilltop, Tencent slowly buying up everything under their feet. Before you know it literally every game you buy will have a piece of Tencent in it... they are almost already there anyway.
Punished Miku
Human Rights Subscription Service
I guess. It is a little exaggerated. They have 5% here, 3% there.
Tencent - Wikipedia
Big ones being Epic, Riot, Sumo Digital, Dontnod, Marvelous. Basically still less than any first party stable of studios. But yeah, it's not that surprising that China is going to have 1 major gaming company on par with those.
FranXico
Member
A nefarious one for sure. Because they are Chinese. I only trust American monopolies!
/s
Ev1L AuRoN
Member
I'm very unfortable with the way the industry is moving, I don't want to have games that always were multiplat locked into those wall gardens.
AmuroChan
Member
Europe has sold out to China a long time ago.
sublimit
Banned
00_Zer0
Member
I hope they will still be able to work with Sega or create what they want. They have worked on Outrun, the Sonic All Star Racing games, and even created there own racer called Hotshot Racing. It's a really fun arcade style racer. They are an excellent developer when it comes to racing games.
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mckmas8808
Mckmaster uses MasterCard to buy Slave drives
It's so weird to me.
Dabaus
Banned
Phil said consolidation is healthy after all.
Sumo Digital though ain't big, it's a small player.
1) you have to prove that ccp is having an overwhelming influence on the companies (Alex Ma and his treatment suggests the opposite)
2) you need to work in the legal system that's in place aka look at the stupidity of the trump executive order around tiktok. Laws and its consistency matters for trade relations
3) games companies aren't structurally important and don't lead to security risks without some seriously creative thinking.
I don't like the investment funds and large monopolies but also don't like protectionism in industries that it doesn't belong in.
Well in the UK they prefer to sell everything off so they can make a profit. And fuck the middle class and poor.
Radioskugga
Member
StreetsofBeige
Gold Member
Probably because Europe, US, etc... have traditionally thought they are so strong, no Asian companies will ever be able to buy them out. And western countries have a mantra of freedom so anything goes unless it's a utility company or business that makes military gear for the gov. Japan is its own island of protectionist policies.
Fast forward to 2021, and China is getting giant. No doubt, US is still bigger but amazingly if anyone checked out where China was 20, 40, 60 years ago, they were peons long time ago.
JLB
Banned
SilentUser
Member
Had no idea Sumo Group were that big, to be honest lol
FranXico
Member
They're not. Tencent just threw plenty of money at them to be sure.
SilentUser
Member
14 studios with more than 1200 employees is much larger than I tought they were
FranXico
Member
Hmmm... when you put it like that...14 studios with more than 1200 employees is much larger than I tought they were
Now I'm more worried about all the redundancies.
SilentUser
Member
What do you mean?
FranXico
Member
The bigger the structure before a buyout, the more people are likely to lose their jobs.
Punished Miku
Human Rights Subscription Service
Basically any independent studio has to have all the middle-management and upper management jobs that are part of just running a place. Payroll, marketing, people that meet with other studios for contracts and sales, etc. Tencent has their own people for most of that, and really just needs the devs and people that make the studio run. So oftentimes people will find they're in a duplicate position that already exists at Tencent (meaning they're redundant), so they are a waste of money and get fired.
michaelius
Banned
Unlike Microsoft Tencent doesn't buy companies to take away content from other platforms. So Tencent ownership is actually much better for gamers.
FranXico
Member
They just don't care and tare them down apart regardless.
It's bad for different reasons.
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