From Software, the critically acclaimed developer behind Dark Souls, Bloodborne and Elden Ring, is selling its shares to Sony and Tencent. The company believes that this investment could help the studio release games globally. Once shares are sold, it will result in Sony and Tencent owning a combined 30% in the company.
A recent official notice published by From Software’s parent company Kadokawa Corporation revealed that new shares will be issued to Sixjoy Hong Kong, which is a subsidiary of Tencent, as well as Sony Interactive Entertainment. Once the shares have been issued, Sixjoy will own 16.25% while Sony will own 14.09%. The remaining 69.66% will continue to be owned by Kadokawa.
Furthermore, Kadokawa is allowing From Software to arrange “third-party allotment” to Sixjoy and Sony. This will seemingly allow the game developer to acquire additional funding and potentially help publish its own games globally. It usually publishes its own games in Japan, but had to rely on other publishers in order to get its games globally published.
From Software previously worked with major publishers like Bandai Namco on the Dark Souls trilogy and Elden Ring, Sony Interactive Entertainment on Demon’s Souls and Bloodborne, and Activision on Sekiro: Shadows Die Twice.
The notice goes into detail about what this investment entails:
“Through the implementation of the fund procurement, From Software will aim to proactively invest in development of more powerful game IP for itself to strengthen From Software’s development capabilities and will seek to establish a framework that allows the expansion of the scope of its own publishing in the significantly growing global market.”
In related news, From Software confirmed back in June that it was hiring for several new projects, one of which is rumoured to be a new Armored Core game. The developer’s latest game, Elden Ring, is currently available for PS4, PS5, Xbox One, Xbox Series X/S and PC.
Source: Video Games Chronicle