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Platform-Based Publishers
I want to draw a little bit of a distinction here between a platform-based publisher and a platform. A lot of times when people hear this, there are marketplaces which function purely as platforms. On the other hand, you have things like Epic or Riot even, which I do consider platform-based publishers. Tencent has grown to become the largest video game publisher in the world on that basis. And they've really become the alpha predator of the modern video game business.