Let's talk!

Blogs » Other » Tencent, Sony Throw Big Money At Elden Ring Maker FromSoftware

Tencent, Sony Throw Big Money At Elden Ring Maker FromSoftware

  • Tencent, Sony Throw Big Money At Elden Ring Maker FromSoftware


    Elden Ring wasn't just a hit with fans of FromSoftware's notoriously difficult action-RPGs. Today Tencent Holdings and Sony announced they've acquired 30% of the Souls-series developer's shares, split in favor of Tencent. FromSoftware is expected to gain $260 million from the arrangement.To get more latest news about tencent, you can visit shine news official website.

    Today's announcement from FromSoft's parent company Kadokawa revealed that Sony and Tencent are acquiring 14.09% and 16.25% of FromSoft, respectively. The statement indicates that Kadokawa wants FromSoftware to be able to expand its development efforts; Kadokawa sees the "enhancement of capabilities for the creation, development and deployment of [FromSoft] game IP as one of the [Kadokawa] Group's highest priorities."

    One of the aims is to give FromSoft the resources needed to grow Elden Ring into a franchise that extends beyond just video games.

    Elden Ring was a long time coming, built on a foundation first laid down in FromSoftware's pioneering 2009 PS3 game Demon's Souls. A set of three spiritual sequels in the form of the Dark Souls trilogy, as well as two other similar titles (Bloodborne and Sekiro), certainly broadened the audience for these difficult and cryptic action-RPGs. But none have reached critical mass quite like Elden Ring, which outsold household names like Call of Duty and led to viral streaming sensations and hype that just won't die.

    Tencent, a Shanghai-based conglomerate, has continued its trend of investments and acquisitions. It owns 5% of Assassin's Creed and Far Cry publisher Ubisoft, completed an acquisition of League of Legends' developer Riot Games, owns 40% of Epic Games, and has stakes in many, many, many, many other game companies. As Polygon notes, it also owns 5% of Activision Blizzard, which will transfer over to Microsoft should that megacorp's notable attempt to acquire the Call of Duty publisher clear regulatory screening.
    Sony has also been on a spending spree too, though it looks a bit more modest compared to Tencent. Perhaps most notably, Sony acquired the once Microsoft-affiliated Bungie for $3.6 billion in January. The house of PlayStation also made a move to acquire Bluepoint, the studio which made a name for itself with critically acclaimed remakes. Sony also invested a billion dollars in Epic Games back in April.

Recent Blog Entries

  • A Server Virtualization Engineer partitions a physical server by using software into several smaller virtual servers to boost server resources. Besides, this individual also helps to ensure that space is saved, allowing many resources to use the same space. By doing so, they improve network performa...
  • October 29, 2018
    Posted by Deylr eylrod
  • We welcome the many gamers at our website; players can discover us to get cash of clans’ limitless gems and hacks. The coc hack tool is a strategy application for mobile device at present! We construct our coc hack tool for both android and iOS gadget, it is established by specialize industr...
  • One on the great "you was able to make it moments" to be described as a rookie must be in the event you notice your name employing a Madden video games. Would you play you because you in Madden? Would that certainly be considered a sign of narcissism reely more than the moment being proud of merely ...
  • The gaming companies are enduring a summer swoon, as being the industry-tracking NPD Group today announced its June retail sales figures, showing shrinking revenues year-over-year overall.Even with grim news with the industry overall, there was clearly some individual winners. Take-Two Interactive f...
View All