As Highguard’s struggles continue amid collapsing player counts and layoffs at developer Wildlight Entertainment, a new report has shed light on who was funding the game all these years.
According to Stephen Totilo of Game File, Chinese conglomerate Tencent was the “lead financial backer” of the studio. Specifically, it’s said that TiMi Studio Group is the main studio backing the game.
Up until now, the funders behind the game have been kept quiet. In past interviews, the studio has declined to comment on who was investing in the studio.
Totilo adds that neither Tencent nor Wildlight provided a comment on the matter by the time of publication. Insider Gaming has also reached out for comment, but has not received a response.
Highguard launched on January 26th to nearly 100,000 concurrent players on Steam. Since then the game has seen its playerbase fall to under 2,000 peak concurrents on the platform. It has also received mixed reviews.
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Mike has been covering the gaming industry since 2012, and has reported on some of the largest events in the industry while also working as an investigative reporter. Outside of…
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Say what you will about Tencent. But they don’t hesitate at all when something doesn’t make a profit.
ubisoft-tencent rabbithole is the worst. the only thing thats stopping tencent to hostile takeover ubisoft is the contract they signed back in like 2023 that they cant buy shares exceeding 10% of ubisoft. for the next 8 years or smth
Tencent wastes money on a ton of things like Riot and now Ubisoft so no among a bunch of other unprofitable things