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Roblox will own 51% of the joint venture. Roblox and Tencent are working on the necessary regulation to publish the game in the country with no timetable set.
The partnership, which began in 2019, revolves around a joint venture in which Roblox holds a 51% controlling stake and a Tencent affiliate called Songhua owns a 49% interest.
Besides, with a powerful partner like Sony Music on its side, Roblox should easily retain its leadership position – in the metaverse, yes, but in the real world too.
Speaking to Newsweek in an exclusive interview, the Vice President of Product for the Roblox Corporation has weighed in on the Rthro vs Blocky avatar debate.
Roblox has more than 80 million monthly players on its platform for teens, and it has launched a digital civility initiative to fight toxicity.
Everyone loves building structures but Roblox is capitalizing on people who love to build games. Its online gaming network already has already grown into the millions of players.
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