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Milky Tea Games Studio levels up with new majority owner Aonic

Milky Tea Games Studio levels up with new majority owner Aonic

Published: Wednesday, April 12, 2023Tagged: Gaming, ID@Xbox, Industry

Award-winning developer Milky Tea Studios (@milkyteastudios) announced a new partnership with the video gaming group, Aonic, who have acquired a majority stake in the company. This deal allows us to level up the studio and expand our UK and EU team.

Milky Tea Games Studio levels up with new majority owner Aonic

This new partnership will support Milky Tea in developing its own in-house gaming intellectual property, whilst also expanding its operations. After previously working on the successful Apple Arcade launch title, HyperBrawl Tournament, the studio is currently working on multiple new IPs that are yet to be announced publicly.

Previous majority shareholder, Jonathan Holmes, will remain onboard as minority shareholder and the studio’s appointed CEO. “We have had a great relationship with Aonic’s leadership team for multiple years. After we had decided to take the next strategic step in our development, we sat down with Aonic last April and immediately knew there was great potential in our collaboration. This new partnership is a fantastic opportunity and will allow Milky Tea to continue to go from strength to strength” says Holmes “The entire team at Aonic is incredibly passionate about Milky Tea’s exciting new IPs currently in the works, and with our shared vision, we believe our network can really support Milky Tea in making these games a success” says Olliver Heins, Co-founder of Aonic.

Milky Tea Games Studio’s new IPs will be announced later in the year.

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