Tencent Purchases Majority Stake in Klei Entertainment – Specific Niche Gamer
The acquisition was announced on a Klei Home entertainment forum post by business creator Jamie “Bigfoot” Cheng.
” Hi everybody!
I desire to take a minute to announce that we have consented to deal for Tencent to purchase a majority stake in Klei Home entertainment.
As part of this contract, Klei retains complete autonomy of imaginative and operations across all elements of the studio, consisting of jobs, talent, and more.
What’s going to alter?
There are some uninteresting accounting changes that we will need to adapt to. Besides that, I will continue running the studio as in the past, without any changes to staffing, tasks or other operations.
Why are we doing this?
Klei has been around for 15 years, and we have actually made many changes throughout the years in order to react to a shifting world. Regularly, my dream has actually been to allow individuals to do their finest innovative work, to discover and grow, to not have to stress over finances, and be able to enjoy their lives outside the studio. This has actually not changed.
This partnership assists us navigate a changing market, and helps us concentrate on what we do finest: making unique experiences that nobody else can.
Who is Tencent?
Tencent has actually remained in the games market for several years, buying business that produce video games such as Path of Exile, League of Legends, PUBG, Clash of Clans, Fortnite, and more.
In 2016, Tencent helped us disperse Klei games in China, with Do Not Starve Together being the really first video game to launch on their WeGame platform. More just recently, we’ve been teaming up with them on Do Not Starve: Newhome on mobile.
We took a look at a great deal of different business, and over the years, we have actually dealt with a large number of publishers and suppliers. Tencent is the only company that we felt would let us keep the level of control that we require.
We have actually been dealing with Tencent for several years and even at points where we disagreed, they were constantly ready to deal with us to find the very best solution for everyone involved and accept us when we felt strongly.
How does this affect Klei video games in China?
As pointed out, we’ve been dealing with Tencent for rather a long time. We worked with them to release Don’t Starve Together in China in 2016, and have been dealing with them on our China launches ever because.
Players in China make up a big percentage of the gamers of our games, and we have actually been supporting them along with our North American operation for a number of years. We do not anticipate significant operational modifications for China or anywhere else on the planet, however we do expect that this partnership will assist us to much better assistance our players in China.”
Klei Home entertainment is understood for their special animation and games such as Do not Starve, Shank, and Mark of the Ninja. Jamie Cheng assures fans in his announcement that the employees at Klei Entertainment will maintain “full autonomy” and they do not expect “substantial functional modifications” due to the acquisition.