Sources privy to the matter seems to suggest that TiMi intends to build its own comprehensive metaverse-like game, on similar lines of Roblox and Fortnite. In recent months, TiMi has been recruiting talent for a novel AAA videogame that closely resembles the highly immersive virtual community seen in the Ready Player One movie. Given the massive business it saw in 2020, it does not seem like TiMi Studios and parent company Tencent would be resting upon their laurels. Meanwhile, according to an official Tencent announcement, another TiMi Studios game, Honor of Kings, a mobile game that is only available inside China, saw an unprecedented 100 million daily users in November 2020. It saw over 100 million downloads globally within the first week of its release. In fact, the Call of Duty: Mobile game supposedly recorded the biggest launch for a mobile game ever in October 2019, when it was released. While TiMi has yet to attain the level of prominence that would make it a household name, the studio’s games are among some of the most played worldwide. For instance, in comparison, Activision Blizzard, the gaming studio that publishes the coveted franchise of Call of Duty, recorded revenues of over $8.09 billion in 2020, which is nearly $2 billion short of TiMi’s $10 billion. While it is yet unclear what metric that is exactly defining, it is a large number without a doubt. Aurora Studios Group, boosted by its Moonlight Blade Mobile title, contributed 3%, the people said.TiMi Studios, a Tencent Games subsidiary and the videogame developer behind massive mobile hits MOBA Honor of Kings and Call of Duty: Mobile, has reportedly recorded revenues of over $10 billion for 2020, cite reliable sources.Īccording to reports, these earnings make TiMi Studios the world’s biggest videogame developer. Of Tencent's remaining gaming revenue last year, its Lightspeed and Quantum studio, the developer of PUBG Mobile, another top-grossing game, contributed 29%, the people said, while 26% was proceeds from publishing for other developers. TiMi generated an estimated revenue of 10 billion. Timi's proceeds accounted for 40% of the game revenue, said the two people. TiMi Studio Group ( Chinese: pinyin: Tinmi Gngzu Shqn ), a subsidiary of Tencent Games, is a video game development studio group headquartered in Shenzhen, China and offices in Singapore, Montral, Seattle, Los Angeles, Chengdu, and Shanghai. Last week, Tencent reported 156.1 billion yuan ($23.79 billion) in overall online game revenues for 2020 but did not break down revenue for individual studios, which are run independently and compete with each other. Such games feature long sessions and in-depth storytelling or battles, with some including multiplayer online role-playing or online battle arenas. The 10 billion would make Timi the world’s largest. Chinese tech giant Tencent’s Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of 10 billion last year, two people with direct knowledge of the matter told Reuters. Many major studios are turning to Tencent for support to convert their "hardcore" desktop or console games to mobile. Tencent's Timi gaming studio generated 10 billion in 2020, sources say. Tencent aims eventually to derive half its game revenue from overseas, from 23 percent in the fourth quarter of 2019, the most recently available figure. Tencent is building studios overseas, including one for Timi and one for Lightspeed and Quantum, both in Los Angeles, with the goal of creating content with original intellectual property that has global appeal.
SOURCES TENCENT TIMI STUDIOS HONOR DUTY MOVIE
In a recruitment notice last month, a Timi engineer wrote that the company aims to create a new AAA game that resembles the virtual community from the movie Ready Player One, and will "compete head-to-head against big powers from Japan, Korea, Europe and U.S." It also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive "AAA" titles on platforms such as desktop computers, Sony's PlayStation, Nintendo's Switch and Microsoft's Xbox. The $10 billion would make Timi the world's largest developer, the sources say, which many industry watchers had suspected to be the case. (Reuters) - Chinese tech giant Tencent's Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, two people with direct knowledge of the matter told Reuters.
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