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NetEase acquires SkyBox Labs: China’s NetEase incorporates Halo co-developer SkyBox Labs into its global acquisition drive

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NetEase acquires SkyBox Labs: China’s NetEase incorporates Halo co-developer SkyBox Labs into its global acquisition drive- The Canadian gaming studio SkyBox Labs, best known for collaborating on Halo Infinite and Minecraft, was bought by NetEase Inc. The most well-known aspect of SkyBox Labs is its support studio. In recent years, it has co-developed Halo Infinite, Fallout 76, and Minecraft projects. In the future, NetEase says SkyBox Labs will add more co-development partners to its existing relationships.

The studio, which has two offices in the Vancouver region and another in Victoria, will continue to operate independently under the guidance of its co-founders. NetEase will provide “resources and execution capabilities so that SkyBox Labs can achieve faster scale while maintaining the quality of work the studio is known for.” SkyBox Labs co-founder Shyang Kong said in a statement.

NetEase acquires SkyBox Labs: China’s NetEase incorporates Halo co-developer SkyBox Labs into its global acquisition drive

“Over the last decade, we’ve had the pleasure to work on beloved games such as Halo Infinite, Minecraft and Fallout 76. We remain committed to growing our presence in Canada, supporting our current and future partners, and co-developing more AAA games for some of the biggest game studios around the world,We have built a team of talented individuals who are passionate and creative, and by joining NetEase Games, we will also be able to accelerate our plans to pursue new creative opportunities, and enjoy access to world-class operational resources and the full breadth and depth of NetEase’s services so we can scale faster in Canada.”

In its early years, Blizzard’s games were published in China by NetEase, which helped the company grow into a gaming behemoth. However, in recent years, the company has been rapidly expanding its own in-house game development capability, with self-developed games now accounting for over 60% of the company’s revenue. William Ding, the firm’s founder, stated in May of last year that although NetEase currently generates more than 10% of its quarterly gaming income abroad, the company hopes to expand that percentage to close to 50%.

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