Tencent has Invested in Grinding Gear Games

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Pibadi wrote:
IF YOU GUYS DIDN'T SEE THE CURRENT SHAREHOLDINGS THIS LINK IS FOR YOU!
https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/1887410/shareholdings
Allocation 1:2666666 shares (80.00%) Tencent Mobility Limited
Allocation 2:439151 shares (13.17%) Christopher John WILSON
Allocation 3:113758 shares (3.41%) Jonathan Woodful ROGERS
Allocation 4:113758 shares (3.41%) Erik Tore OLOFSSON

I don't get it. Why Chris talking about INDEPENDENCE when is totally NOT?



Well, like a great many people before him, he has reason to think he can somehow ride the tiger and keep from getting eaten. I hope he's right. I would hate to see Path of Exile meddled with the same way D&D online, Warhammer or Neverwinter was.

My hope aside... the results of these sorts of buyouts are typically ugly in the video game industry, so what I HOPE will happen and what I (sadly) BELIEVE will happen are at odds.
Last edited by Sabranic_SilverDeth#2793 on May 21, 2018, 6:11:38 AM
Moa nest soup, anyone?


No Moa, no Moa,
in Old Ao-tea-roa.
Can’t get ’em,
they’ve et ’em,
they’ve gone and there ain’t no Moa.


Not happy at all, 研磨齿轮游戏!


"
fatelessguy wrote:
"
Pibadi wrote:
IF YOU GUYS DIDN'T SEE THE CURRENT SHAREHOLDINGS THIS LINK IS FOR YOU!
https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/1887410/shareholdings
Allocation 1:2666666 shares (80.00%) Tencent Mobility Limited
Allocation 2:439151 shares (13.17%) Christopher John WILSON
Allocation 3:113758 shares (3.41%) Jonathan Woodful ROGERS
Allocation 4:113758 shares (3.41%) Erik Tore OLOFSSON

I don't get it. Why Chris talking about INDEPENDENCE when is totally NOT?


What else can he do now?)

Not lie to us about independence?
Aaron Ciccheli, a guy who made millions running Diablo and PoE RMT sites, owns a significant portion of GGG. How's that for a conflict of interest? 7.5% of your supporter pack money goes to this guy.
"
Wuffell wrote:
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oOSidewinder wrote:
Holy, there are a lot of people that spent too much time with Navali.
Prophecies of GGG's apocalyptic downfall are popping out like mushrooms on this site.

The first thing I was think after I´ve read this news was: Great, Now they have the finacial base the develop the content update of their dreams, get more staff, expand the game in a way they havent benn able to yet.
Maybe we get a storrytelling/Cinematic update, a short movie ect...
The possibilities have greatly enhanced with such a huge investor imo.

Good luck GGG, i´m expecting nothing less but your best work do be done in the future.

And don´t forget, with great fiancial power, comes great responsibility!


+1 :)

You are very naive to think that new owner of GGG will only throw money on company and have no "wishes" of their own. GGG is no longer independent and will follow company strategy. I cant believe that people think that Tencent will only give them money lol come on!
i think u own every supporter from open/closed beta an explanation letter in their email.

u rly didnt think this through imho
"
Pibadi wrote:
IF YOU GUYS DIDN'T SEE THE CURRENT SHAREHOLDINGS THIS LINK IS FOR YOU!
https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/1887410/shareholdings
Allocation 1:2666666 shares (80.00%) Tencent Mobility Limited
Allocation 2:439151 shares (13.17%) Christopher John WILSON
Allocation 3:113758 shares (3.41%) Jonathan Woodful ROGERS
Allocation 4:113758 shares (3.41%) Erik Tore OLOFSSON

I don't get it. Why Chris talking about INDEPENDENCE when is totally NOT?


This is related to the profit distribution, it has nothing to do with internal/external decision making.

Step1) If i see company A as profitable i can invest my life savings for a 51% share.
Steo2) If the company numbers rise and profits increase i get my money back 5-10 years.
Step3) Profit!

I don't need to make a single operational decision if numbers are growing. This also can be arranged in a contract, which i believe is the case here.
It seems like Devs lost faith in their own game and decided to cash out and sell their souls to the Devil. If i knew 6 years ago that they would do this i would never have put my time and cash into this. Such a huge dissapointment.

Edit : Not gonna support Tencent with any $. Sorry . I hope in future there is hope for GGG retaking control over PoE. If not i guess i should start looking for another game.
IGN : Sir_Big
Last edited by Achilion#0497 on May 21, 2018, 6:18:36 AM
"
Sabranic_SilverDeth wrote:
"
Pibadi wrote:
IF YOU GUYS DIDN'T SEE THE CURRENT SHAREHOLDINGS THIS LINK IS FOR YOU!
https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/1887410/shareholdings
Allocation 1:2666666 shares (80.00%) Tencent Mobility Limited
Allocation 2:439151 shares (13.17%) Christopher John WILSON
Allocation 3:113758 shares (3.41%) Jonathan Woodful ROGERS
Allocation 4:113758 shares (3.41%) Erik Tore OLOFSSON

I don't get it. Why Chris talking about INDEPENDENCE when is totally NOT?



Well, like a great many people before him, he has reason to think he can somehow ride the tiger and keep from getting eaten. I hope he's right. I would hate to see Path of Exile meddled with the same way D&D online or Neverwinter was.

My hope aside... the results of these sorts of buyouts are typically ugly in the video game industry, so what I HOPE will happen and what I (sadly) BELIEVE will happen are at odds.

I don't blame Chris for this decision. He working hard last 10 years for make this happend. Yeah, he is stole 95% of content from other games (D2, FF X, etc.) but he got success.
So why not? This is just a bussines after all.
Aaron Ciccheli, a guy who made millions running Diablo and PoE RMT sites, owns a significant portion of GGG. How's that for a conflict of interest? 7.5% of your supporter pack money goes to this guy.
GGG players are basically not the major standing stone anymore like they used to be with the unconsistent revenue during league starts/expansions.
I guess that was not enough money anymore to pay for the development expenses and a growing company.

Now that Tencent gives you an annual (and hopefully consistent) chunck of money i guess you will reconsider your funding model regarding supporter packs.

Given that Tencent now expects a good annual revenue (while leaving your independent, flexible) i guess you will start experimenting with subscription based funding models, which supplement the usual supporter packs during leagues.

Masterpiece of 3.16 lore
"A mysterious figure appears out of nowhere, trying to escape from something you can't see. She hands you a rusty-looking device called the Blood Crucible and urges you to implant it into your body."

Only usable with Ethanol Flasks
Hoping its good news, you never know what chinese ppl gonna do, trust me, I'm chinese

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