Today, Jan. 7, PlatinumGames president and CEO Kenichi Sato announced that Tencent Holdings Limited has made a capital investment in the company. The money will reportedly enable them greater flexibility to pursue self-publishing and will not impede the company’s independence in any way. Here is the relevant quotation from Sato:
We would like to announce we have received a capital investment from Tencent Holdings Limited as a basis for partnership. This partnership has no effect on the independence of our company, and we will continue operations under our current corporate structure.
We hope to use this capital to strengthen our foundation as a business and expand from game development into exploring self-publishing. We also hope that this partnership can give us a wider global perspective, while still creating high quality games that stay true to our name.
PlatinumGames is better positioned to self-publish with Tencent investment
Tencent is of course a Chinese juggernaut, owning all of League of Legends developer Riot Games and 40% of Epic Games, among many other ventures. More pertinently, Nintendo partnered with Tencent to sell Nintendo Switch in China, creating enormous new opportunities for business growth and market penetration. To massively oversimplify, this particular company is very good at throwing money and resources at things and watching them grow, which is excellent news for Kenichi Sato and Bayonetta and Astral Chain developer PlatinumGames.
There are many who dislike the Chinese publisher for various, complicated reasons, but that negativity and those concerns will have no effect on PlatinumGames. As far as we know, it’s full steam ahead right now to drop Bayonetta 3 in Nintendo Switch players’ hands, which should release this year even though we’ve received virtually no information about it yet. Platinum is likely working on an unannounced original IP as well, since its ambition to publish its own games has been known for some time now.