Tencent now owns a majority stake in Wuthering Waves Studio
News

Tencent now owns a majority stake in Wuthering Waves Studio

Posted on by Amelia Pressman

Key insights

  • According to a recent report, Chinese media giant Tencent has acquired a majority stake in Wuthering Waves developer Kuro Games.
  • Tencent has reportedly assured Kuro Games that the studio can operate independently of the media conglomerate, with Kuro Games expressing optimism about the deal.
  • The deal comes ahead of the highly anticipated version 2.0 of Wuthering Waves, which introduces a new explorable nation and launches the PS5 version of Wuthering Waves.



A new report reveals that Chinese media conglomerate Tencent has acquired a majority stake in Kuro Games, the developer of the popular gacha role-playing game Storm waves. Kuro Games’ latest action role-playing game enjoyed widespread popularity among critics and fans following its release earlier this year, quickly amassing a following of millions of players. The game has received regular updates since its release, even announcing the highly anticipated Version 2.0 update and Rinascita as the second major explorable nation. Now Kuro Games has a new majority shareholder who will be familiar to many gamers.

Tencent has become one of the largest media conglomerates in China, with a reach that spans many popular games and developers. Tencent has released a variety of games from various studios, including popular ongoing titles such as Tower of Fantasy And Goddess of Victory: NIKKE among other things. Tencent is also known for buying up shares in foreign developers and, most importantly, for holding large stakes in studios such as League of Legends Developers Riot Games and Epic Games. Tencent has now set its sights on it Storm waves Developer.


Light of Motiram Tencent game Copy Horizon series

Related

New Tencent game accused of copying Guerrilla’s Horizon series

A newly released Tencent game is drawing heavy criticism online for its obvious similarities to Sony’s critically acclaimed Horizon series.

Tencent acquires majority stake in Wuthering Waves developer Kuro Games

As Gematsu reports, Tencent has officially acquired a majority stake in Storm waves Developer Kuro Games. The move was the result of a deal in which Tencent bought a 37% stake in Kuro Games from Hero Entertainment, giving Tencent a 51% majority in the developer. Kuro Games has reportedly assured employees that Tencent’s purchase will not impact the studio’s operations, with Tencent allowing Kuro Games to operate independently. The Storm waves The developer even expressed optimism about the “stability” the partnership provides, with Tencent now the studio’s only outside shareholder.


Tencent’s majority stake in Kuro Games is nothing new for the Chinese media giant, which often makes aggressive moves to secure new studios. In addition to the aforementioned Riot Games deal, Tencent bought the company Clash of Clans Developer Supercell in 2016 and made the mobile game titan a subsidiary of Tencent. Tencent has often sought minority stakes in other major game developers, including Ubisoft, FromSoftware and even Activision Blizzard. Tencent has also founded several of its own subsidiary studios, including LightSpeed ​​​​Japan Devil May Cry Director Hideaki Itsuno.

Kuro Games’ new status at Tencent comes as numerous major updates are on the way for the studio’s flagship game. After months of rumors, Kuro Games officially revealed that a PS5 version of Storm waves will be released in the near future to coincide with the release of the game’s version 2.0 update. The developer has also teased several new characters that will be joining the playable cast following Rinascita’s release, including both Carlotta and Roccia in version 2.0. Between a new playable nation and new ways of playing, Storm waves Fans have every reason to be excited about the future of the game.


Leave a Reply

Your email address will not be published. Required fields are marked *