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Tencent acquires minority stake in Playtonic Games

Tencent has acquired a minority stake in Playtonic Games, the companies said.

Playtonic will retain full creative control over its intellectual property and use the investment to move from its current one-team to multi-team structure, with a focus on hiring diverse talent from near and far, improving of their head office and expansion into new locations.

The studio also hired Danny Spiteri, formerly of Raw Fury and Team17, as director of editing, allowing studio director Gavin Price and executive producer Andy Wilson to devote more time to development.

Find Playtonic’s comments below.

Gavin Price, director and founder of the Playtonic studio

“Six years ago we built a cool and exciting rocket, set a course that we think is right and exciting. We are delighted that Tencent has agreed with this course and provided rocket fuel to extend the scope of our mission!

“The countdown to today has included (take a deep breath)… our record Kickstarter for Yooka-Laylee, increasing the reach of the buddy duo with the famous Yooka-Laylee and the Impossible Lair, the creation of Playtonic Friends and the successful launch of its first three titles—BPM: balls per minute, A little golf trip, and The Devil’s Grass, signing three other amazing beauties in L’il gator game, Victory rally, and Blossom Tales 2: The Minotaur Prince, and while staying cool (ask our parents)! BUT with Tencent’s help, we can scale up and speed up the super exciting and super secret projects that we keep so close to our treasure chests… things are going to get crazy from Bat Ship over the next few years! Please imagine a winking emoji right now.

Danny Spiteri, Head of Playtonic Publishing

“It’s been less than a year since Playtonic Friends was unveiled but, it’s fair to say, it made a pretty big impression in a relatively short period of time. The array of titles that have already been released is something and I’m excited to see how I can add wind to the sails to help us build on the momentum we’ve already amassed to propel us into 2022. “