MCV/DEVELOP News, events, research and jobs from the games industry
Publisher The9 Limited has secured the licensing rights for the sequel of Tencent’s popular free-to-play FPS Cross Fire. The company states its joint venture with Oriental Shiny Star Limited has reached a deal with Cross Fire developer Smilegate, which grants exclusive publishing and operation rights in mainland China for a …
Read More »Profits and revenues surge at Tencent
Chinese internet gaming giant Tencent has reported significant increases to its profits and revenues for the quarter ending September. Net income climbed 32 per cent year-on-year to $1.2bn. Revenues increased by 34 per cent to $4.18bn. Overall online game revenues grew 28 per cent while smartphone revenues jumped 60 per …
Read More »California developer Artillery partners with Tencent
Studio now houses more than 20 employees
Read More »Tencent continues to reign as world’s largest games company
Chinese gaming giant Tencent has reported profits in excess of $1bn in its first financial quarter. Profits reached $1.1bn, up eight per cent year-on-year, while revenues jumped 22 per cent at $3.65bn. Operating profit climbed 20 per cent to $1.5bn. Online game revenue grew 29 per cent to $2.1bn while …
Read More »Britney Spears signs with Glu for new mobile game
Mobile games publisher Glu has signed on new celebrity partner Britney Spears to a five-year deal. Games Industry reports the deal revolves around a mobile game featuring the pop star, with the untitled game currently scheduled for release in 2016. "I am thrilled to add Grammy Award-winning legend Britney Spears …
Read More »Tencent buys 14.6% Glu Mobile stake
Tencent has acquired 14.6 per cent of Kim Kardashian: Hollywood developer Glu Mobile for $126 million. The firm has agreed to acquired 21 million shares at a price of $6 each. Head of Tencent’s Interactive Entertainment Group Steven Ma has also joined the US company’s board of directors as part …
Read More »Tencent buys stake in Glu Mobile for $126m
US firm also signs eight year deal to make Britney Spears games
Read More »Tencent was 2014’s top-grossing public global games company
More money was ploughed into games made by Tencent in 2014 than those made by any other publisher. VentureBeat reports that Newzoo data showed that in FY 2014 Tencent’s games attracted revenues of $7.2bn. That’s up on 2013’s $5.3bn, which was also enough to see it top the rankings. It …
Read More »Tencent takes majority stake in Miniclip
Chinese firm expands foothold in Europe
Read More »Tencent acquires majority stake in Miniclip
Chinese mobile and web game giant Tencent is now in control of Swiss game company Miniclip. VentureBeat reports that the deal will expand Tencent’s ever-increasing presence in the European market. It already owns a majority stake in League of Legends creator Riot Games and a minority stake in Epic. It …
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