Netflix announced on Thursday that it has signed an exclusive multi-film distribution deal with Studio Ponoc, the Japanese animation house billed as the heir to Hayao Miyazaki and Isao Takahata’s famed Studio Ghibli. That deal means Netflix plans to distribute Ponoc’s upcoming anime movie The Imaginary around the world later this year, after the film’s exclusive Japanese premiere.
Tencent slashed investments in 2023
16.01.2024 - 11:15 / gamesindustry.biz
Sign up for the GI Daily here to get the biggest news straight to your inbox
China-based internet and gaming firm Tencent dramatically cut the number of investments it made last year.
The South China Morning Post reported that the company agreed upon 39 investment contracts with 37 businesses last year, primarily in the video games, healthcare and corporate services sectors. Seven investments were for AI start-ups.
This is 59% fewer deals than the 95 made in 2022, and 87% fewer than the 299 deals arranged in 2021.
The SCMP noted that this is part of a trend, with many of China's largest corporations slashing the amount of investment made in 2023. But Tencent saw the biggest reduction in the number of deals.
While Tencent has interests in various industries, its investment in video games has been significant.
Its games investments last year, included new UK studio Lighthouse Games and becoming the majority shareholder of Dying Light dev Techland.
In addition to its internal games studios, Tencent owns Riot Games, Sharkmob, Funcom, Sumo Group, and Splash Damage and Digital Extremes parent Leyou.
It has a range of minority and majority stakes in dozens of games firms, including Miniclip, Fatshark, Supercell, Yager Development, Klei Entertainment, Turtle Rock Studios, Tequila Works, Epic Games, Don't Nod, From Software, Ubisoft, Frontier Developments and Remedy Entertainment.
However, as with many companies across the industry, Tencent has been compelled to downsize its gaming operations, closing the US-based Team Kaiju at the end of last year.
The website gametalkz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Authors
Popular Topics
techradar.com
24.01.2024 / 10:57
Baldur's Gate 3 and Star Wars Jedi: Survivor land in PlayStation Store's top 10 downloads of 2023
Sony has revealed the PlayStation Store's most downloaded games of last year. And while the usual suspects are all present and accounted for, there are some nice surprises thrown in too.
gamingbolt.com
24.01.2024 / 04:19
PlayStation Reveals Most Downloaded Games Across PS4, PS5, PSVR and PSVR2 in 2023
Taking to the PlayStation Blog, Sony has revealed lists of the most downloaded games throughout 2023. The list has been split into several distinct categories across regions, platforms, and even a distinct list for PSVR and PSVR2.
videogameschronicle.com
23.01.2024 / 22:25
Sony has revealed the most downloaded PlayStation games of 2023
Sony has revealed the most downloaded PlayStation Store games of 2023.
pcgamesinsider.biz
22.01.2024 / 12:27
UK games union membership up 'almost' 50% in 2023
Membership to the Game Workers branch of the IWGB union went up by 'almost half' between December 2022 and December 2023.
screenrant.com
20.01.2024 / 17:17
10 PlayStation 4 Games Still Worth Playing In 2023
HBO Max's live-action adaptation of is set to premiere on Jan. 15, 2023, and of course its trailers, posters and other marketing materials already have fans of the game on which its based champing at the bit.
gamesindustry.biz
18.01.2024 / 15:23
4% December sales boost sees 2023 finish up 1% year-over-year | US Monthly Charts
After 2022 saw US spending on games dip 5%, 2023 saw a return to growth, according to the latest figures from industry-tracking group Circana.
wccftech.com
17.01.2024 / 17:16
Trump-Linked SPAC Digital World (DWAC) Formally Loses Every Cent of Its Original $1 Billion in Pipe Investments
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
gamesindustry.biz
16.01.2024 / 14:17
Video game sales up 1.7% in Europe during 2023 | European Annual Report
182 million PC and console games were sold across Europe in 2023, a rise of 1.7% over the year before.
wccftech.com
16.01.2024 / 11:27
Samsung Finally Gets Dethroned By Apple In Smartphone Shipments For 2023; Becomes New Worldwide Leader, Says New Data
A slump in smartphone demand did not shake Apple’s resolve or the sales momentum of its iPhones because, according to the latest data, the California-based giant achieved one milestone that it took the firm 13 years to fulfill ever since it launched the first iPhone, and that is overtaking its closest adversary, Samsung, in global smartphone shipments.
gamerant.com
14.01.2024 / 22:49
Nintendo Switch Set a Record for Game Releases in 2023
According to recent sales data from gaming industry analysts, 2023 saw 2360 games released on the Nintendo Switch, a record for the console. Nintendo's hybrid handheld console entered its sixth year in 2023, with plenty of fans having high expectations, and it seems like those expectations were met. While the system has had strong years before, 2023 might have been the strongest year for the Nintendo Switch.
blog.playstation.com
11.01.2024 / 15:31
PlayStation Store: December 2023’s top downloads
It’s time to see which PS5, PS4, PS VR2, PS VR, and free-to-play games topped the PlayStation Store download charts last month.