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Not Microsoft, but Chinese: Tencent invested in Life is Strange authors and got a seat on the board of directors
Dontnod Entertainment Announces It Has Received $ 48.5 Million Investment To Realize Its Self-Publishing Ambition. The amount includes $ 36.3 million from Tencent, which, thanks to the investment, received a minority stake in the studio.
Life is Strange
French studio known for its Life is Strange series and adventures such as Tell Me Why and Twin Mirror. Tencent joins Dontnod Entertainment board of directors as part of deal.
“We are delighted to welcome Tencent as an investor in Dontnod,” said Oskar Guilbert, CEO and Chairman of Dontnod. “It is an expression of trust from a key online gaming leader who has been behind a number of successful projects and has invested in several of the leading companies in the video game industry.”.
Tell me why
As Gilbert added next, as a result of cooperation with the Chinese giant, Dontnod Entertainment expects to use the growth engines previously inaccessible to the studio: in particular, China and mobile platforms. And an increase in capital will speed up the implementation of processes aimed at self-publishing more games.
Tencent has increased its presence in the industry in recent years. Last week, the company acquired a controlling stake in developer Don’t Starve, and in 2021 made 31 investments in gaming space.