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Aonic gets majority stake in Hyperbrawl Tournament dev Milky Tea

Aonic's investment into Milky Tea will help the studio further develop upcoming projects.

Justin Carter, Contributing Editor

April 12, 2023

1 Min Read
Key art for Milky Tea's Hyperbrawl Tournament, showing one player chasing another.

Video game collective Aonic has secured a majority stake in indie developer Milky Tea. 

Per the announcement, studio CEO/co-founder Jonathan Holmes has turned over his majority stake to Aonic. He'll remain on as both CEO and a minority shareholder. With the partnership, Milky Tea says it will grow its team and focus on the "multiple properties" it has in development, one of which is said to be revealed later in the year. 

Milky Tea has developed a handful of games over the years, but is best known for its 2019 arena combat title Hyperbrawl Tournament. Previously, Milky Tea received an investment from Tencent back in 2017. 

In a press release, Holmes explained that the studio and Aonic have had a "great" relationship for years, and saw potential for a deeper partnership. To him, the partnership will "allow Milky Tea to continue to go from strength to strength." 

"The entire team at Aonic is incredibly passionate about Milky Tea’s exciting new IPs currently in the works," said Aonic co-founder Olliver Heins. "With our shared vision, we believe our network can really support Milky Tea in making these games a success."

About the Author(s)

Justin Carter

Contributing Editor, GameDeveloper.com

A Kansas City, MO native, Justin Carter has written for numerous sites including IGN, Polygon, and SyFy Wire. In addition to Game Developer, his writing can be found at io9 over on Gizmodo. Don't ask him about how much gum he's had, because the answer will be more than he's willing to admit.

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