Stock in Chinese tech and entertainment giant Tencent dropped a huge… THREE per cent recently after local regulators pulled Monster Hunter: World from sale.
As reported by the real journalists over at Reuters, the title was axed less than seven days after its August 8th launch, with regulators having received a number of complaints according to Tencent.
This follows the State Administration of Press, Publication, Radio, Film and Television making it harder to launch new content in China. Since March, this body has all but stopped approved licenses to release, well, anything in the region.
“The key here is, not only PUBG, but no games are able to get licenses now,” a Tencent spokesperson told Reuters.
Douglas Morton, head of research, Asia over at Northern Trust Capital Markets says that there is a level of anxiety surrounding Tencent in the market right now. Given that roughly half of the Chinese tech and entertainment giant's revenue comes from video games… and China is one of the biggest games markets in the world… not being able to sell new titles is not exactly great news.
To date, Monster Hunter World has sold over eight million copies. That is just on PS4 and Xbox One, but the title has had a massive start on Steam.