Tencent acquires minority stake in Yooka-Laylee Dev Playtonic
Tencent announced that it has acquired a minority stake in Yooka-Laylee developer, Playtonic Games. The UK-based studio will retain control of its intellectual property and, with help from Tencent, will be able to speed up development on several undisclosed projects.
Created in 2014, Playtonic is made up of former Rare developers. Former Raw Fury and Team17 executive Danny Spiteri has joined the studio as editor.
A statement from Playtonic founder Gavin Price reads:
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)â¦ our record breaking Kickstarter for Yooka-Laylee, increasing the reach of the buddy duo with the famous Yooka-Laylee and the Impossible Lair, establishing Playtonic Friends and launching successful from his first three titlesâ BPM: balls per minute, a little golf trip and The Devil’s Grass, signing three more amazing beauties in The Il gator Game, Victory Heat Rally and Blossom Tales 2: The Minotaur Prince, and all the 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 chestsâ¦ things are going to get crazy from Bat Ship over the next few years! Please imagine a winking emoji right now.
Price and executive producer Andy Wilson will now focus on development as Spiteri oversees the release.