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Tencent Acquires Minority Stake in Yooka-Laylee Dev Playtonic

Tencent Acquires Minority Stake in Yooka-Laylee Dev Playtonic

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Tencent has introduced that it has acquired a minority stake in Yooka-Laylee developer, Playtonic Video games. The UK-based studio will retain management of its IP, and with Tencent’s help, it’ll have the ability to velocity up growth of a number of undisclosed initiatives.

Established in 2014, Playtonic includes of former Uncommon builders. Danny Spiteri, former Uncooked Fury and Team17 govt, has joined the studio as Head of Publishing.

A press release from Playtonic founder Gavin Value reads:

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Six years in the past we constructed a cool, thrilling rocket ship, set a course we predict is true and thrilling. We’re thrilled that Tencent agrees with that course and has offered some rocket gas to additional the attain of our mission! The countdown to at this time has included (deep inhale)… our file breaking Kickstarter for Yooka-Laylee, rising the buddy-duo’s attain with the acclaimed Yooka-Laylee and the Unimaginable Lair, establishing Playtonic Mates and the profitable launch of its first three titles—BPM: Bullets Per Minute, A Little Golf Journey, and Demon Turf, signing three additional unbelievable beauties in L’il gator Sport, Victory Warmth Rally, and Blossom Tales 2: The Minotaur Prince, and all of the whereas nonetheless being cool (ask our dad and mom)! BUT with Tencent’s assist we will scale up and fast-track the super-exciting, super-secret initiatives we’ve been holding near our treasure chests too… issues are going to get Bat Ship Loopy over the following few years! Please think about a wink emoji proper now.

Value and govt producer Andy Wilson will now concentrate on growth as Spiteri oversees publishing.



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