Chinese Tech Giant Tencent and Platinum Games Partner Up

January 8, 2020
Chinese Tech Giant Tencent and Platinum Games Partner Up

Platinum Games, the studio behind Bayonetta and Astral Chain, has accepted an investment from Chinese tech and gaming giant Tencent, but will remain independent.

The president and CEO of Platinum Games, Kenichi Sato, said in a statement that the partnership will not affect the independence of Platinum Games, nor their structure.

Tencent is, without a doubt, the largest gaming company in the world. Tencent owns Riot Games and holds stakes in Ubisoft, Epic Games, and Blizzard. Platinum Games says they plan to use the funding to "strengthen our foundation as a business and expand from game development into exploring self-publishing."

Sato also says he hopes the partnership will help give Platinum a "wider global perspective, while still creating high quality games that stay true to our name."

Way back in May, the head of Platinum Games, Atsushi Inaba said in an interview with VGC that they are unhappy with publishing their IPs through other companies.

"For us as creators, we want to get to the point where self-publishing allows us to own our IP and do what we want with it, including making sequels. So the faster we can have that freedom, the better if will be for all the creators here."

With that in mind, the partnership doesn’t come as much of surprise, it’s exactly what they wanted.

Besides the partnership, Inaba mentioned that they are working on a brand new IP, described only as "something that has never been done before." Hopefully, the investment will get that going and we’ll see more of it soon.