Net-Ease buys minority stake in Quantic Dream
Chinese mega-firm NetEase has been on a buying and investment spree recently, and their newest purchase gives a clue for their future plans.
NetEase Games has been inking tons of different partnerships over the last couple of years. As one of the three big names in Chinese game companies, alongside TenCent and Perfect World, and one of the biggest internet and gaming companies in the world, NetEase has been working to forge new relationships with Western companies. Last year the company agreed to a $100 million minority stake in Bungie, gaining a seat on the board of directors.
And now there’s a new deal on the horizon. NetEase has announced the purchase of a minority stake in French developer Quantic Dream. The value of the deal was not disclosed though.
This strategic investment aims to support the studio’s vision of becoming a global, multi-franchise entertainment company, and to develop advanced technologies and games for the future,’ said the Chinese company.
As for Guillaume de Fondaumiere, he says that from a business perspective that NetEase’s “commitment to quality and innovation and their impressive track-record” when creating several popular games was enticing to Quantic Dream. Overall, Guillaume thinks that “partnering with NetEase will open new opportunities for our studio and strengthen our position as pioneers and innovators.”
This new position will give NetEase a leg up on the competition going into the oncoming next generation of game consoles. Detroit: Become Human released last May on PlayStation 4, and managed to garner some significant success for the French company. The game sold more than 2 million copies, and it appears that Quantic Dream has some new projects in the pipeline, although no real details are available as of yet. Also, Quantic Dream will remain an independent entity, with David Cage remaining onboard.
ISKMogul is a growing video game publication that got its start covering EVE Online, and has since expanded to cover a large number of topics and niches within the purview of gaming.