Shares in Tencent and other Chinese gaming firms have fallen sharply after news of gaming restrictions on under-18s, CD Projekt Red hires a group of modders to help with backend improvements for The Witcher 3 and Cyberpunk 2077, and DrLupo has signed an exclusive streaming deal with YouTube Gaming.
After the announcement yesterday on the crackdown on underage gamers in China, shares in the biggest gaming companies in China also plummeted, and it's not difficult to understand why. Tencent, the largest gaming company in China and the publisher behind popular games such as PUBG Mobile, saw its shares fall by 11% after the news broke. However, this crackdown is just one part of a broader range of actions being taken by the Beijing and Chinese authorities to combat issues relating to education in general. It's important to note that the measures extend beyond the gaming industry. For example, many companies that provide after-school tutoring have been forced to transition into nonprofit organizations. Although this falls outside the scope of gaming news, it is worth mentioning as it highlights the wide-ranging impact of government initiatives. The consequences of these measures may not be fully realized for another 10, 15, or even 20 years, when the targeted children grow up, receive their education, and eventually lead future companies. Only time will tell what impact these measures will have.
In other news, CD Projekt Red, the developer behind popular games like The Witcher 3 and Cyberpunk 2077, has recently hired a group of modders to assist with the back-end development of their games. The modders, running under the collective name Yig Soft, are known for their passionate involvement in the CD Projekt Red gaming community. It's admirable to see CD Projekt Red forging a closer relationship with dedicated fans who are willing to invest their time and effort in enhancing the games they love. Bringing this expertise in-house seems like a logical step, as developers have often seen the benefits of recreating old games in modern engines due to their passion for the original material. CD Projekt Red's decision to work closely with these talented modders is a positive one, and I am eager to see what great work they will produce. Personally, I am still waiting to play Cyberpunk 2077 for reasons I have previously discussed, but the collaboration between CD Projekt Red and Yig Soft is definitely an exciting development that fans can look forward to.
Moving on to our final piece of news, DrLupo, one of the biggest Twitch streamers, has signed an exclusive streaming deal with YouTube Gaming. This comes after a previous exclusive streaming deal with Twitch that expired in 2019. While the reasons behind the move have been discussed by DrLupo, it's worth noting that he has been offered a favorable deal from YouTube Gaming. Despite his massive following on Twitch, which has undoubtedly played a significant role in his success, DrLupo also has a substantial presence on YouTube with 1.7 million subscribers already. This exclusive deal is likely to last for a specific period, as it is common for streamers to sign contracts for one or two years maximum. It is worth mentioning that such exclusive agreements are not necessarily permanent, and there is nothing preventing DrLupo from returning to Twitch in the future if he chooses to do so. For now, fans can expect to find DrLupo on YouTube Gaming, and this transition provides him with new opportunities to engage with his audience. Personally, I admire DrLupo not just for his streaming success, but also for the immense charity work he has undertaken, raising millions for various causes. It's always inspiring to see public figures using their influence for the greater good.
In conclusion, the gaming industry is constantly evolving, with significant news and developments occurring regularly. The recent crackdown on underage gamers in China has led to a noticeable decline in shares for major gaming companies such as Tencent. CD Projekt Red's decision to hire modders demonstrates their commitment to engaging with passionate fans and utilizing their talents for the benefit of their games. Finally, DrLupo's move to YouTube Gaming highlights the competitive and dynamic nature of the streaming platform market, as top streamers sign exclusive deals to explore new avenues and connect with audiences in different ways. The future of gaming holds endless possibilities, and it is exciting to witness these developments unfold.
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