Tencent
Tencent

Tencent To Establish an AAA studio in North America

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An veteran in the gaming industry has revealed that will take part in a new AAA studio of Tencent, a large publisher of online games for the Asian market.

Scott Warner is known for being the Design Director on Halo 4 at 343 Industries and Battlefield Hardline at EA Visceral, he will take a leading role in a North American studio, there are two locations that might be decided by Tencent, Los Angeles or Seattle. Tencent has revealed a very successful financial report, the company has received over$15.3 billion in revenue in the three month period ended March 31, 2020.

Tencent has been growing significantly in the last decade, the company launched WeGame, their flagship gaming platforms that host games, content and service from all over the world. WeGame a platform meant to be Tencent competition to Steam and Epic Games, has managed to get 200 million active users.

Tencent, who acquired a 40 percent of Epic Games,  established a partnerships  with NVIDIA to create their own gaming streaming service specifically for China called START. The Chinese giant has also stated that they’re interested in acquiring IPs from several developers, mostly games with online functionality. The company is known for reaching an agreement with Psyonix in order to offer Rocket League as a free to play game in China. The move has been proved successful as the game reached a large population and cosmetic microtransactions were very profitable for both Tencent and Psyonix.

Source: mcvuk

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