Friday, January 29, 2021
Life Is Strange studio Dontnod Entertainment and Chinese conglomerate Tencent have announced a business cooperation agreement whereby Tencent will invest in the French developer and acquire a minority stake.
According to a press release, this agreement will enable Dontnod to ramp up development of self-published IPs on a variety of platforms including consoles.
“We are delighted to welcome Tencent as a Dontnod investor,” said Dontnod CEO, Oskar Guilbert. “This is a real expression of trust from a key online game leader, which is behind a number of success stories and has invested in several leading companies in the video game industry. Through this partnership, Dontnod is perfectly positioned to take advantage of the various growth drivers in the video game industry, in particular in China and on mobile platforms, in cooperation with an industry leader.”