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US national security panel investigating Tencent s £919m takeover of Sumo Group
eurogamer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurogamer.net Daily Mail and Mail on Sunday newspapers.
US national security panel investigating Tencent s £919m takeover of Sumo Group
eurogamer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurogamer.net Daily Mail and Mail on Sunday newspapers.
Dispute with Tencent scuppers project. Updated on 17 April 2021
Amazon has cancelled its Lord of the Rings MMO.
Bloomberg reports the game, which was announced in 2019, was scrapped over a dispute between Amazon and Chinese mega-corp Tencent.
Eurogamer news cast: the improvements the PS5 desperately needs
In July 2019, Amazon s game development arm, Amazon Game Studios, revealed it was co-developing a new free-to-play MMO based on JRR Tolkien s The Lord of the Rings trilogy.
Amazon was working with LA-based developer Athlon Games - a subsidiary of Chinese publisher Leyou Technologies, owner of Warframe developer Digital Extremes and Splash Damage. In December, Tencent bought Leyou, which forged contract negotiations over the Lord of the Rings MMO. Bloomberg said these negotiations led to a dispute that ultimately resulted in the game s cancellation.
Dollars and (Ten)cents. Updated on 4 April 2021
Tencent s Timi Studios, the studio behind Call of Duty Mobile and Honor of Kings, generated revenue of $10 billion - £7.23bn - in 2020.
Reuters, which broke the story, reports that if true, that makes Timi the world s largest developer , providing the studio with a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive AAA titles on platforms such as desktop computers, Sony s PlayStation, Nintendo s Switch and Microsoft s Xbox .
The news comes after Tencent publicly reported it had generated 156.1 billion yuan (£17 billion) in revenue from its game business, but stopped short of revealing the revenue for each individual studio. According to two sources with direct knowledge of the matter , Reuters posits that Timi alone accounts for 40 per cent of all game revenue (thanks, TheGamer).
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