Tencent has Invested in Grinding Gear Games

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HeaT1 wrote:

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cipher_nemo wrote:

The 80% ownership and the fact that someone from Tencent officially registered themselves as "director" of GGG (Chris is also a "director") means that nothing said in this announcement by Chris holds any real legal weight when push comes to shove. Only time will tell whether Tencent lets Chris and his team manage GGG without their interference. But if you look at other developers Tencent acquired, you'll see that eventually Tencent will push its will through in the end.

maybe chris and team will eventually divest and create another ip better than poe.

-HeaT

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Travesty9090 wrote:

The predictable scenario here is that Tencent and GGG have underestimated the fact that people's willingness to buy supporter packs/MTXs is to support an independent company. Now, that willingness declines, Tencent gets pissed their ROI isn't what they wanted, and they make changes. Then it's RIP.

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Koheleth wrote:

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Moribundus wrote:

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Shyanmar wrote:

It's not great news per sé, but I for one am going to withhold premature judgement.
If, and only IF this turns out to be a decision with far-reaching negative consequences as quite a few people are inevitably wont to assume immediately despite assurances to the contrary, there will be more than enough time to complain about it.

Until then, no need to paint a depressing picture that's a bad caricature of reality. Only drags ya down.

If, and only IF this leads to PoE becoming a p2w mess, I will drop any and all support of the game. If, however, it remains the game I've come to love and enjoy, I'll continue to support work well done - that's simply positive reinforcement. GGG presumably know to what design decisions and business practices they owe their success, and until I see evidence of the contrary I'll assume that they will strive to keep it that way.

EDIT: They have earned enough of my trust over the years that I'll at the very least give them the benefit of the doubt here. If it works out, all's well and good.

+1

I have noticed it in last years, that some ppl here (and quite alot I have to say) just need to create Drama.
I have an urge to smile upon those pityfull ones :D

GGG creates even a FAQ with points where they state the company will not undergo any changes basicaly incl. game direction etc. and yet those Trageds keep whining /facepalm
Or, maybe they are prophets! and can see the future :D


For me, it is just the way GGG is considered, no more a standalone company purely functioning on player support MTX. Despite that I think they are already way beyond any money issues since several years :)

As long this game wont feel like mangaanimepokemondotafinalfantasylineage thingy I gonna keep supporting them, as I did so until now, be it supporter packs or MTX :)


GL GGG in the future ♥
(yet I am still wondering about how you can hold up against such flood of negativism from players in last years, all the moaning QQ hate and bitching, but meh, might be just my nature)

I agree with this to an extent. Please remember that the way the game has arrived at this level is largey due to us - the community. By complaining, and thus changing the development, the community has quality control tested everything. If there was no complaining many things would never have been fixed and the path of exile we know would not exist ---and ten cent would not be buying it. Thank goodness the community has a voice! Often this complaining is way overinflated, yet we continue to push path of exile into the best game in the genre. Hopefully our whining and complaining will still be acknowledged and poe continues to evolve and stay relevant.

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Aldora_the_Summoner wrote:

But this is where most people are wrong.

Have a look at all the big companies and corporations out there. Have a look at their annual statements and reports. There are very few business out there that make massive profits. Let me explain.

There are big companies that generate a large amount of dollars as profit, but their profit margin is single digit percentage points. They might generate $6Bn in profit, but at only a 5% ROI so a full 95% is being consumed by the business to run the business.

GGG is no different. Perhaps their model is more successful and they're generating an astronomical 20% profit each year. So anyone that continues to support PoE by buying packs and points will see 80% of that money go to support the game which includes paying the wages of all the staff, keeping the servers on and developing future content. Of the 20% profit 4% goes back to the owners and Tencent receives 16%. So if you bought a $100 pack Tencent gets $16 while PoE itself gets $80 to continue to operate.

As to why do you sell 80% of your company? Because you are looking for a large cashflow to continue to improve the game and develop the next game at a AAA standard. If you wanted a payday you sell the whole thing and retire. If you're passionate about your development you obtain what you need to see it grow and retain a proportion because you have faith in your vision.

The honest truth is that business deals like this are incredibly complex and we will never be privy to all the details and nor should we. So we can speculate and draw conclusions based on incomplete data but the key part really is that I've trusted Chris and the team for years, so why would I not have faith in them now?

There's plenty of time to withdraw support and spend money elsewhere when things actually get bad. No need to be an early adopter of doom and gloom when there is no impact to us yet.

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Khastro wrote:

wow, just wow.

I have no problem with the topic at all... But... the opener post is so bloody naive - just wow.

shareholder(s)==ruler. always.

just as one simple example: compare facebook advertisement before and after going to the stock market. hint: before, they had like 5 people working in advertisement.
now Zuckerberg has to visit courts and parlaments around the world. The reason is not that zuckerberg became an evil guy after facebook was listed in the stock exchange, he just wasnt the ruler of facebook anymore.

the only reason why tencent bought GGG is to earn money and absolutely nothing else.