Tencent invests in film and VR maker Skydance Media, the company behind Archangel

Skydance Media, LLC (“Skydance”), a diversified media company that creates elevated, event-level entertainment for global audiences across multiple platforms, and Tencent Holdings Limited (“Tencent”, SEHK: 00700), a leading provider of Internet value-added services in China, announced today that they have entered into a partnership, with Tencent making a strategic investment in Skydance Media.

The investment is part of a broader strategic partnership, which provides a global platform for project-level collaboration and will also allow Skydance to access Tencent’s expertise in Asia and gaming to further build out its presence in these markets. 

Partnership initiatives will include the opportunity for Tencent to co-finance Skydance films, as well as to market, distribute and merchandise in China. The partnership also supports collaboration on other media initiatives, including television, interactive and virtual reality.

“We are thrilled and honored to be entering into a strategic partnership with Tencent, whose global reach and position within the Chinese marketplace is truly unmatched”, said David Ellison, Founder and Chief Executive Officer of Skydance Media.  “Skydance has experienced a tremendous amount of growth since our inception in 2010, and we're excited that our next phase of expansion will be in partnership with a company that shares our vision for where entertainment is heading.”

“Skydance is nurturing successful entertainment franchises, especially in the action and science fiction genres, which are particularly popular in China. We believe this partnership will support Skydance’s expansion internationally, across media and into television production, and provide Tencent with attractive content that we can share with China consumers,” said James Mitchell, Chief Strategy Officer at Tencent.

Skydance has developed valuable brands across its four pillars of Film, Television, Animation and Interactive entertainment. They are currently in production on the new Mission: Impossible film starring Tom Cruise, directed by Christopher McQuarrie; Gemini Man starring Will Smith, directed by Ang Lee; the next Terminator film produced by James Cameron, directed by Tim Miller; and two animated films – Luck, written by Jonathan Aibel and Glenn Berger, directed by Alessandro Carloni and Split written by Linda Woolverton, directed by Vicky Jenson. 

In addition, Skydance produces and retains the rights to several of the most-successful action, adventure and science fiction franchises of all time, including Star Trek, G.I. Joe, World War Z and Top Gun contributing to nearly $5 billion in worldwide box office.

Furthermore, Skydance TV has become one of the most prolific independent TV studios, creating and financing 8 premium series to date, including the Emmy and Golden Globe nominated hit Grace and Frankie and the upcoming Altered Carbon on Netflix, Jack Ryan on Amazon, Dietland on AMC, andCondor on Audience Network. The Company also has produced and released multiple AAA virtual reality games through Skydance Interactive, including the critically acclaimed Archangel VR and the upcoming Walking Dead VR game.

Tencent uses technology to enrich the lives of Internet users. Every day, hundreds of millions of people communicate, share experiences, consume information and seek entertainment through its integrated platforms. Tencent’s diversified services include QQ, Weixin / WeChat for communications, Qzone for social networking, QQ Game Platform for online games, QQ.com and Tencent News for information and Tencent Video for video content. In addition, Tencent Pictures was founded in 2015 as a production company that creates films based on books, comic books, animated series, and video games. In September 2017, the Company announced 43 upcoming projects, which cover movies, TV series and online series, as well as pan-entertainment projects based on IP collaboration.

Goldman Sachs & Co. LLC acted as financial advisor and Latham & Watkins LLP acted as legal advisor to Skydance. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Tencent.

Winner of numerous "Best VR Game” Awards at E3 2017, Archangel is now out for Playstation VR.

Skydance Interactive debuted its first virtual reality game, the award-winning first-person shooter Archangel – exclusively on PlayStation VR.

Players will step into the cockpit to pilot a six-story high war machine and lead their squad mates in an incredible VR battle across the scarred landscapes of a post-apocalyptic America. Archangel is now available at the official PlayStation Store for $39.99.
 
Set in a post-apocalyptic America during the year 2089, players choose to play the role of Gabby or Gabriel Walker, codename “Guardian,” who has been selected by the United States Free Forces to lead the resistance against the tyrannical corporation HUMNX, a private conglomerate that governs what is left of our ravaged nation. Players must use strategy and skill to fire upon enemies with a wide array of high-powered weapons while protecting their allies from onslaught.
 

“How better to introduce players to Skydance Interactive’s vision for the future of virtual reality gaming than to give them hands-on control of a giant mech in a way that no other medium can deliver,” said Peter Akemann, President of Skydance Interactive. “Now is the time to join the resistance, protect your friends and countrymen, and become the beacon of hope that America needs – the Archangel!”
 
Archangel garnered “Best VR Game” Awards at E3 2017 from Geek Citadel, MMOGames, and MEUPS4. On August 2, 2017 it will be available on other leading virtual reality platforms, including HTC Vive and Oculus. A location-based version of the game will also be made available in IMAX VR Centres in August.
 
To learn more about Archangel visit www.archangelgame.com and follow @archangelgame on Twitter, Facebook and Instagram.
 

As Seen At VRLA Spring Expo: Archangel for Rift, Vive, and PSVR

Archangel, the first original title by Skydance Interactive, is an action-packed, story-driven shooter that was created exclusively for virtual reality. In the game, players are dropped into the cockpit of a six-story-high war-machine, a one-of-a-kind weapon that must stop a tyrannical corporation from taking over a post-apocalyptic America. Through stunningly detailed graphics, engaging storytelling techniques, and explosive action, Archangel delivers state-of-the-art VR gameplay like no other. The title will be made available on the leading VR platforms, including Oculus, Steam, Viveport, and Playstation this summer.

This is the EXO SQUAD game I always wanted- Bobby Venom CatsAndVR.com

“Our goal is to deliver on the promise of VR by giving not only aficionados and fans but even newcomers compelling and cutting-edge content that they can experience through a headset,” said Skydance Interactive President Peter Akemann. 

About Skydance Interactive

Skydance Interactive creates and publishes original and IP-based virtual reality experiences and video games. Skydance Media launched the division following its acquisition of The Workshop Entertainment, a leading game developer and outsource studio. Its successful franchise and genre-defining work includes "Gears of War 4’s” motorcycle chase, “XCOM 2” for PS4 and Xbox One, next-gen graphics for “Fallout 4,” “The Evil Within” for PS4 and Xbox One, “Borderlands 2: Mr. Torgue’s,” and "Sorcery” for PS3, among others.

CatAndVR.com/blog