This is fantastic news. I’ve always been worried that the current business model might fall short on funding to get the game finished and released. So its nice to hear that you secured a long term partnership. I was 95% sure that it was Tencent when I saw this post, frankly it makes sense.
2 Likes
I know - I meant the way in which they are implemented.
2 Likes
I’m not concerned. Since I witnessed Chris Wilson attempt to destroy PoE and Tencent didn’t even bat an eye, I actually believe devs are left alone.
7 Likes
Equity means that Tencent own part of EHG, low equity means it’s a “small” part how small is unknown.
Edit: And by “small part” I’d say that it’s a non-controlling stake, less than 50% so Tencent wouldn’t be able to “force” EHG into doing anything by dint of having a controlling stake.
9 Likes
(post deleted by author)
1 Like
Tencent is the enemy. uninstalled.
14 Likes
Many, many thanks for allaying my fears upon reading the post title.
Ok guys, honestly i think everyone is over reacting. Not that tencent being an investor isn’t a concern and i understand that. So far history with EHG has been open and honest with us the community members. I do not support tencent just like most of you responding. But EHG doesn’t deserve hate or disrespect in their decision to do this. As Judd stated they held out along time to keep controlling interest in their favor. I sincerely love this company(EHG) and it has been like an extended family. With that being said to the community i request no one to harass them about this decision and lets not over-react and lets see where this takes us as a family.
18 Likes
I completely understand that this would be a major concern for the community but I want to assure you that there is zero pressure on any content releases from the agreement we have with Tencent. This is the type of deal structure I was hoping that we would be able to procure as it solely bolsters the studio’s resources
19 Likes
I really hope this is not the starting point from “being freaking awesome” to going downhill…dont like it much.
Don’t get me wrong, I like the fact you receive money and are stable. But …not tencent, no matter how much they freedom they “promised” you.
11 Likes
My excitement and interest for Last Epoch has now turned to worry and apathy.
Time and time again I have seen game developers crumble and give in to the highest bidder - ruining their vision for the sake of monetary gain. I am expecting the same to happen here.
Words mean absolutely nothing. Game developers lie to their players’ faces all the time. Your actions are what matters.
Now, I want to clear the air of some concerns that this news may bring to our long-term community. I have personally been on the player-side of this coin, where I see one of my cherished independent game studios partner with a larger company and worry that the independent company and games they produce may be altered for the worse.
I will not be surprised if this is a self-fulfilling prophecy. In fact, I expect this to happen a few years down the line.
This is not a complete dealbreaker for me, but I will be severely lowering my expectations for the game going forward.
I would love nothing more than to be proven wrong.
9 Likes
Lots of gamers have an immediate, irrational frothing at the mouth reaction when seeing the word “Tencent”, but I, for one, am happy to see EHG secure more funding to expand their team while retaining their autonomy and have zero concerns.
6 Likes
I refer you to Judd’s comment:
And
Unfortunately there’s unlikely to be anything that certain parts of the community would accept to allay their fears.
6 Likes
Are you able (understandable if not) to elaborate or quantify on how much of a stake Tencent has (for instance, 10%, 49%, majority, etc) or if it’s a different type of agreement entirely?
1 Like
They can but I’d be exceptionally surprised if they did. I think the only reason we know how much of a stake Tencent have in GGG is from GGG’s statutory reporting.
1 Like
That would be why I asked Judd, yes.
1 Like
Shocked…
1 Like
All the initial worries people had when Tencent took over PoE never came to pass, so I see this as good news. PoE is probably in the best state it’s ever been I’m really enjoying this league.
Ultimately, this extra investment can only make LE better and surely we all want that.
3 Likes
Meaning that they do own a small percentage of the total equity of the company.
The way this agreement was made, that small equity share does not come with any control over our design and development as a studio.
12 Likes