Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

China's Tencent releases test version of Game of Thrones smartphone game

Published 01/17/2019, 04:41 AM
Updated 01/17/2019, 04:41 AM
© Reuters. The Iron Throne is seen on the set of the television series Game of Thrones in the Titanic Quarter of Belfast, Northern Ireland

BEIJING/SHANGHAI (Reuters) - Tencent Holdings has released a test version of a third-party developed smartphone game in China based on U.S. hit television show Games of Thrones, bolstering its pipeline that has been hit by government curbs of online gaming.

The game, titled "Game of Thrones: Winter is Coming", was developed by Chinese games maker Yoozoo, Tencent Games said in a statement on its official WeChat account late on Wednesday.

The launch comes just weeks after Chinese authorities gave their nod to two batches of new video games after a freeze on approvals for most of last year that had spooked players in the world's largest gaming market.

China's two biggest game developers - Tencent and domestic rival NetEase Inc - have so far not figured on any of the lists of approved titles.

It is common for game developers to release test versions before obtaining licenses for a full launch. Should the Game of Thrones game later obtain a license, it is expected to bring in revenues for Tencent which it will share with Yoozoo.

Shares in Tencent were flat on Thursday while Yoozoo shares closed 2.83 percent lower.

Tencent, Asia's second biggest company by market value, signed a deal in 2014 to obtain the exclusive rights to stream "Game of Thrones" online in China.

The Emmy-winning medieval fantasy series is HBO's biggest-ever hit with some 30 million viewers in the United States and has been played 960 million times so far on Tencent's video platform.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The new game is a simulation that will let players take on identities such as the character Tyrion Lannister, visit spots like Castle Black, and experience some of the show's most memorable events like the Red Wedding, Tencent said.

Users who have obtained invite codes could start playing the game on Thursday, it said.

"The game will inherit the realist style of the HBO show, and players will be able to control various classic characters from the original novel to battle in Westeros," Tencent Games said in the statement.

Players need to "conquer King's Landing, capture the Iron Throne, and be the biggest winner in the Game of Thrones."

Tencent is reeling from increased scrutiny of online gaming that has limited the number of new online game releases. The firm has lost over 20 percent of its market value since March.

China stopped approving new titles from early last year amid a regulatory overhaul which prevented many Chinese firms from being able to charge users for new games releases.

Tencent and Yoozoo didn't reply to requests for comments when contacted by Reuters on Thursday.

Yoozoo, founded in 2009, is a Chinese video game company which publishes mobile and website games. Its film division also has sole film and TV rights to the Hugo Award-winning science fiction novel, The Three-Body Problem.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.