Lost Records
News, coverage and analysis tracking Lost Records across the outlets.
Tencent is reportedly looking to back out of several studio investments like Story of Seasons developer Marvelous, but…Tencent is reportedly looking to divest from several minority investments in video game studios, including a 20% stake in Marvelous, the developer of Story of Seasons. This reassessment of its portfolio may involve selling stakes back to original management, even at a loss. Investments in studios like PlatinumGames and FromSoftware are reportedly unaffected.
Aphelion and Life is Strange developer Don't Nod in trouble as it struggles to secure funding for its next projectFrench studio Don't Nod, known for Life is Strange and Aphelion, is facing financial difficulties and may run out of cash by November as co-owner Tencent is unwilling to fund its next project or increase its stake. The company is seeking other publishers for funding, but discussions have not yet yielded commitments. This situation could lead to layoffs and a scaled-back development scope for its upcoming game, Project P14.