Sony and Tencent Acquire Increased Stake in Developer Elden Ring FromSoftware

Both Sony and Chinese publishing giant Tencent are set to increase their stake in Elden Ring and Dark Souls developer FromSoftware.

In a announcement This morning, FromSoft’s parent company, Kadokawa Corporation – which remains the developer’s majority shareholder – confirmed that Sony now owns 14.09% of FromSoftware. Tencent – arguably best known in the West as the company behind League of Legends developer Riot Games – now owns 16.25% of the studio.

Kadokawa Corporation states that the purpose of the sale is “to proactively invest in the development of a more powerful UP game […] to bolster FromSoftware’s development capabilities.” It also mentions “Tencent’s strength in its abilities to develop and deploy mobile games and other network technologies in the global market,” implying that FromSoft might look into mobile games to some extent.

While none of the companies involved in the sale have mentioned any specific plans, fans have their own wishlist. “Bloodborne” has started to trend on Twitter as the desire for a Bloodborne sequel continues to grow. Beyond that, attention is likely to turn to Elden Ring – as well as hopes for the next Elden Ring DLC, FromSoftware and publisher Bando Namcai have discussed their desire for the title to act as the start of a new franchise. While the future of Elden Ring seems in a better space than its more gothic older sibling, it’s far from clear at this point what we can expect from the deal, and Kadokawa Corporation suggests that the impact of the agreement on its 2023 financial results is likely to be “minor.”

This list of new games 2022 should prove to be a more reliable wishlist.

About Cedric Lloyd

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