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NZ's game development industry on track to reach $1b annual export revenue (www.rnz.co.nz)

submitted 1 week ago by [email protected] to c/[email protected]

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New Zealand's game development industry is growing more than 10 times faster than the global average, and on track to reach $1 billion annual export revenue in the next few years, an industry report says.

NZ Game Developers Association (NZGDA) inaugural report indicates the game development sector grew 26 percent on the year earlier, which exceeded the global forecast of 2.1 percent growth.

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[–] [email protected] 3 points 1 week ago

Ah now you mention it I remember that being a NZ company. And yes, looks like Tencent bought up shares to get a majority stake, then the founders sold their shares to make it 100% Tencent owned. Good to know.