Sweeney has publicly stated quite plainly that TenCent has no say in actual decisions.
They have input on the board, but Sweeney himself basically controls the decisions made with his majority stake.
-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
-
We have made minor adjustments to how the search bar works on ResetEra. You can read about the changes here.
Unlike Blizzard, Epic Games (partially owned by Chinese company Tencent) says it won’t ban players for political speech
- Thread starter Deleted member 15428
- Start date
Sweeney has publicly stated quite plainly that TenCent has no say in actual decisions.
They have input on the board, but Sweeney himself basically controls the decisions made with his majority stake.
Which i think is good and i want to give them faith if push comes to shove they will stand up for people as individuals i mean they basically make mountains on their engine they do not need the money from them.
Sweeney goes public on this.
A fortnite player does the thing.
China gets mad, bans epic.
Tencent with ties with chinese government wants no involvement and sells their share on epic.
Tim buys back the shares.
The fact that people actually believe Tim has anything close to ethic with his record is simply baffling to me.
A fortnite player does the thing.
China gets mad, bans epic.
Tencent with ties with chinese government wants no involvement and sells their share on epic.
Tim buys back the shares.
The fact that people actually believe Tim has anything close to ethic with his record is simply baffling to me.
TheUnforgiven - that could totally happen but at a bare minimum would incur several million in fees, for both Tencent and Sweeney, assuming both parties wanted to do the transaction.
Probably much more material would be the tax position of both Tencent and Sweeny's company. Tencent's value of EPIC shares has increased enormously, and I would have thought would incur a huge taxable profit if they had to be sold. I know nothing about chineese tax law but i'd assume that any large increase in realised investment income would be taxable. If they don't sell the shares they don't have to pay the tax (in UK and US rules).
Similarly Sweeney's private arrangements would need to raise the money to buy the shares at their new, much higher value. That's a lot of financing to arrange and you need to find investors willing to buy.
riotous I think you're right, I just wanted to make it clear that the situation is pretty complex. Sweeney may be able to do what he wants but then the other Board members might make it difficult for him to do other things he wants to do.
I did a quick google and Polygon stated that Tencent got to appoint two directors to the Board, with their initial investment. I also found the Tencent report which mentions it for YE2012.
I can't quickly find any details on Epic's board of directors so I can't see how many there are in total, or who sits on which committee. They're not listed so it's all pretty opaque. The joys of giant private corporations!
Probably much more material would be the tax position of both Tencent and Sweeny's company. Tencent's value of EPIC shares has increased enormously, and I would have thought would incur a huge taxable profit if they had to be sold. I know nothing about chineese tax law but i'd assume that any large increase in realised investment income would be taxable. If they don't sell the shares they don't have to pay the tax (in UK and US rules).
Similarly Sweeney's private arrangements would need to raise the money to buy the shares at their new, much higher value. That's a lot of financing to arrange and you need to find investors willing to buy.
riotous I think you're right, I just wanted to make it clear that the situation is pretty complex. Sweeney may be able to do what he wants but then the other Board members might make it difficult for him to do other things he wants to do.
I did a quick google and Polygon stated that Tencent got to appoint two directors to the Board, with their initial investment. I also found the Tencent report which mentions it for YE2012.
I can't quickly find any details on Epic's board of directors so I can't see how many there are in total, or who sits on which committee. They're not listed so it's all pretty opaque. The joys of giant private corporations!
It will be expensive for sure, but with epic's value rising and no signs of deflation its a smart move. Tencent bought 48% of epic back in 2012, I'm sure with how things turned out with fortnite Tim regrets it a lot and if they continue growing at this pace there might a point where Tim cannot buy that back because its just a lot of money. This is a golden opportunity for him and he siezes it without remorse, like everytime in the past.
I havent seen a single tweet from Tim without purpose, and the fact that people think that Sweeney would go on record against a government purely for ethic reasons makes me roll my eyes so hard its actually painful.
Does a company strongly tied to chinese goverment own 40% of valve?
Why do you have to make everything a war, why has gabe anything to do with this?
You fanboys are so tiring.
If anything you are coming off as a fanboy instead lmaoooooooo
Valve has actively suppressed comments that against China... so...
No, but Valve have already been pro China so your 40% comment is moot.
Why are we talking about Gabe here then? Are we equally talking about every CEO of a company that has anything to do with Esports? Again, tiring.
Ok mate, its not like i needed anything else than seeing ur username to add you to my ignore list. Have fun.
Make a thread about it then, I'll see you there.
It is quite easy to understand why we are talking about Gabe here since, if you have missed it, there has been a sort of a shit show where EGS you know buys exclusives and denying Steam, oh and both are players in the digital storefront.
What does that have anything to do with the subject at hand? Again, this is platform warring because exclusives or whatever. Nothing to do with china politicals or free speech.
User Warned: Off-topic thread derail
It is since they have been pro China and is a competitor to EGS, how hard can that be to understand?
I dont think he is the one coming across as a fanboy here lol.
Valve has just as much at stake here as Epic does. More probably. Their two biggest revenue generating games (CSGO/DOTA) have a HUGE audience in China. And a massive competitive scene (with a ton of teams/players from China) where something like the Blizzard thing is MORE likely to happen than at any Epic event.
I mean hell, the next DOTA Major is in China isnt it? IIRC anyway.
Valve statement would be more needed here since they are the ones that are most likely to face this situation. Epic almost certainly wont.
It is not unreasonable to want their response.
The person who's company is partially owned by a Chinese company is very publically condemning what Blizzard did and saying it will not happen on their platform... And it being shit on exactly why if not for Fanboy reasons?
For the record I do not have a single game free or otherwise from EGS. Mostly because my PC is too weak for it
Next Dota International is in Sweden.
Edit: NM you said Major. Yeah, it is in China. It's not organized directly by Valve though so they'll probably just leave all of that to the tournament organizer and escape any criticism one way or another. It would have been more interesting if this had happened before the International in Shanghai.
Because of the stake and repercussions of those declarations and the impact that they could have on how the shares of its company are handled.
Again, if you want to discuss the non-involvement valve has had in this issue then make a thread instead of fueling platform wars bringing valve into this conversation as a reply to what Tim has said.
Then I can't help you.
True, you need to help yourself first before you can help others.
Such a "bitch eating crackers" thread.
You should still check the free games. There have been quite a few with very low hardware requirements, specially the 2D indie stuff. Or just get them all, they do not expire and when you upgrade in the future, you will have this game library to use.
You should still check the free games. There have been quite a few with very low hardware requirements, specially the 2D indie stuff. Or just get them all, they do not expire and when you upgrade in the future, you will have this game library to use.
I do not care about Steam, I brought Valve in to highlight the hypocrisy. I promise you if Gabe made the same declaration the tone of the discussion thread would be the exact opposite of what is here. The discussion should be on the issue that is happening in Hong Kong and what Blizzard did and not the bias that is held.
Tim made a very public declaration that as you mentioned could have bad repercussions and his company, he took a stand which should at least be respected whether or not you care about the platform or his personal life. Other CEO's remain silent which is the fiscally responsible thing to do, but definately not the moral one.
We'll have to see if someone supports HK at a big Fortnite tournament or something. Tencent owns a lot more of Epic than it does ActivisionBlizzard.
The difference is that Tim is majority owner, and no one else, so Tencent can't go around him in any way.
This is a good post, and agree 110% that if Gabe would have said this he would be louded as the best CEO... while here people jump straight to conclusion and downplaying what he is saying, bloody sad.
As someone whose main issue with the EGS being its disruption of regional storefronts in favor of only supporting international storefronts that cater mostly to the NA/EU crowd like EGS/GMG/Humble, I cringe at people pre-hating on Epic for this. Until we see something otherwise it's good to see any company standing up for the rights of their partners and players. People should applaud Epic for taking this stance, not mock them. Hating on Epic for this could, at worst, discourage other companies with a lot of detractors (like EA) from making a similar statement.
Im trying to recall times where Gabe took to Twitter spewing nonsense the way Tim does?
The difference is Gabe has credibility, while Tim does not.
100% true and I agree with your comments, I think valves persistent attitude of silence in every subject is horseshit.
That said bringing valve here in response to Tim's tweets is just fuel for platform wars all things considered. If somebody wants to speak about valve's stance the healthy thing to do is open a thread about it and not bring as response to people who believe that Tim doesn't have good intentions with his tweets.
It's not because I think that Tim is not clean that I believe valve is doing the right thing, and mixing things up brings us to boring repetitive conversation that wont stop escalating and lose focus from the issue at hand.
You cannot expect people to take Tim's comments like he hasn't said other things in the past.
Also China doesn't seem to own that much of Activision Blizzard right? I want to see if EA, Ubisoft (some group in China invested a lot in Ubi after the Viacom thing right or am I remembering wrong?), and Valve's stance. Seems Valve is not going to go the Epic route though.
While 100% true, untill Tim actually go against his tweets, he is way ahead of Gabe in this regard.
What I found:
"Tencent took part in Activision Blizzard splitting from Vivendi as a passive investor in 2013 and now owns less than 4.9% of the shares as of 2017"
Despite my super low opinion of how most eSports organizers run things, I'd actually be honestly shocked if Valve, ESL, Faceit, Dreamhack, or even an organizer with deep ties in China like Starseries went as far as Blizzard did with this. At least in the realms of Counter-Strike the player would probably just find themselves persona non grata at any event in China.
I'm hoping to see Tim put to the test.
Talk is easy. Even Blizzard had "Everyone has a Voice" on the statue in front of their offices, but we saw what happened when push came to shove.
If Tim gets tested and sticks by his word, he'll earn points with me.
there's a certain irony in you posting FUD about Sweeney but getting upset when someone else mentioned Gabe.
They are big/rich enough that they don't have to worry. It's a case where the Chinese investors will be the ones to look the other way about FN players shit-talking China or praising HK because they're so thirsty for that never-ending Fortnite money. Also, pre-empting any controversy is super smart because they set a standard out loud, get the good will of the players/industry on their side, and in doing so avoid the wrath of boycotts, memes, and horrible press.
Not sure why everyone has to doubt Epic won't do the right thing, it's in the best interest of business even if you discount the moral reasons.
This is sure to be tested in the future. If he crumbles on this it'll basically be the end of public support for Epic in any way. Shouldn't someone who hates him so much be happy about this instead of so salty? It's a win-win for you. If he stands up for peoples' political speech it should be a win for everyone, and if he crumbles and even the most ardent Epic supporter turns against him it's a win for you.
I dont hate Tim. I just cant believe people forget his track record. I think its bullshit bringing valve as a reponse to people doubting Tim.
If he turns out legit I'll celebrate it as much as the next guy. I also do not think anything bad about epic, dislike the exclusive strategy but its a free market, love the free game deals.
This is such utter nonsense. Talk is not easy. Which is why you dont see EA/Ubisoft/Valve/Sony and MS jumping in to tell you they would do the same.
But when it comes to a storefront that paid for exclusives, apparently completely different standards apply.
Tim was questioned directly was he not?
Was everyone else questioned? I'm guessing not since they're not partially owned by China.
But pull the Steam vs Epic card. Good defense.
He was asked by a random nobody... he could have just ignored it and no one would bat an eye.
If I had twitter I would send a tweet to the CEO of EA if he has it, and expect nothing (or anyone else within the same category as Tim).
Hell, that user have this as pinned tweet:
"I want everyone in the gaming industry to look at this. Any time a random whore comes out on Social Media to say she was assaulted or raped. DO NOT BELIEVE HER!! The person accused by Zoe killed himself...for a statement with no proof. This is the power women have over men "
And ALOT of NSFW stuff...
It's fucking sad that people see even this as a chance to push some anti-epic conspiracy bullshit. Just like the other thread.
Dude is THE controlling member of the company, he's putting it out VERY plainly, people immediately asked him about the 40% stake right after he said it, he said he doesn't give a fuck. What else is there to say? Either he's lying and it'll be tested, AT WHICH POINT HE SHOULD RIGHTLY BE CRUCIFIED ON THE INTERNET, or he's now dug himself into that position even if he regrets it later.
Everyone saying "B-b-b-but Blizz is owned way less by Tencent and look at them" should really be saying "Oh wait, Blizz is owned even less? why are they fucking giving in to this shit"
Tencent could do whatever they want with that 40%, but what they can't do is actually overrule Tim on any of this. He's said it, now it's on us to hold him accountable. It's way better than every other company just ignoring the situation.
Dude is THE controlling member of the company, he's putting it out VERY plainly, people immediately asked him about the 40% stake right after he said it, he said he doesn't give a fuck. What else is there to say? Either he's lying and it'll be tested, AT WHICH POINT HE SHOULD RIGHTLY BE CRUCIFIED ON THE INTERNET, or he's now dug himself into that position even if he regrets it later.
Everyone saying "B-b-b-but Blizz is owned way less by Tencent and look at them" should really be saying "Oh wait, Blizz is owned even less? why are they fucking giving in to this shit"
Tencent could do whatever they want with that 40%, but what they can't do is actually overrule Tim on any of this. He's said it, now it's on us to hold him accountable. It's way better than every other company just ignoring the situation.