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 to Reuters, while 26% was proceeds from publishing for other developers. Sources said TiMi Studios accounted for 40% of Tencent’s game revenue. Tencents Honor of Kings is now officially the biggest mobile game in the world, breaking 10 billion in revenue globally. Tencent reported an overall game revenue of $23.79B in 2020. Exclusive: Tencent's Timi gaming studio generated 10 billion in 2020, sources say By Pei Li, Tony Munroe 3 Min Read (Reuters) - Chinese tech giant Tencent’s Timi Studios, maker of popular video.
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“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.”” Which company do you think is the worlds largest developer Rockstar North Electronic Arts According to a new report, its Tencents TiMi Studios. “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.” Reuters writes.Īlso Read: PUBG Mobile surpasses $5 billion in lifetime player spending Sources also said that the $10 billion revenue would make TiMi the world’s largest developer. TiMi Studios, the Tencent-owned developer of huge mobile hits Call of Duty: Mobile and the MOBA Honor of Kings, earned a staggering 10 billion in revenue.
TiMi Studios is the developer of wildly popular titles including Pokémon UNITE, Call of Duty: Mobile, Arena of Valor, Honor of Kings, and Speed Drifters. That game has also been a smash hit and just crossed more than 1 billion downloads worldwide.Tencent’s TiMi Studios generated $10 billion in revenue in 2020, two people familiar with the matter told Reuters. Tencent is also the owner of the studio Lightspeed & Quantum, which develops PUBG: Mobile. And Tencent purchased 40 percent of Epic Games in 2012, a stake that grown in value significantly following the huge success of Epic’s Fortnite.
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It bought a majority stake of League of Legends developer Riot Games in 2011 and then full ownership in 2015. Tencent has long-standing investments in some US-based gaming companies. Tencent is also building a TiMi studio in Los Angeles, according to Reuters. TiMi is recruiting for a new AAA game that “resembles the virtual community from the movie Ready Player One,” Reuters reports, which seems to suggest TiMi wants to make its own metaverse-like game in the vein of Fortnite and Roblox. It doesn’t seem like Tencent and TiMi will be taking a break from development anytime soon. And Honor of Kings, which is only available in China, had an astounding 100 million daily active users as of November 2020, according to Tencent. TiMi Studios, the Tencent-owned developer of huge mobile hits Call of Duty: Mobile and the MOBA Honor of Kings, earned a staggering 10 billion in revenue in 2020, according to an April 1st Reuters. Call of Duty: Mobile reportedly had the biggest mobile game launch ever when it released in October 2019, racking up over 100 million downloads worldwide in its first week of availability. Founded in 2008, TiMi is a subsidiary of Tencent Games and is headquartered in Shenzhen, China with offices in Los Angeles, Seattle, Montral, Singapore, Shanghai and Chengdu.
While TiMi might not be a household name, its games are some of the biggest in the world. TiMi Studio Group makes high quality, high fidelity and highly accessible games for all ages. For comparison, Activision Blizzard (which publishes the Call of Duty franchise) posted 2020 revenues of $8.09 billion, nearly $2 billion less than TiMi’s reported $10 billion. While it’s unclear exactly what metric that is defining, it’s a undoubtably a huge number. TiMi Studios, the Tencent-owned developer of huge mobile hits Call of Duty: Mobile and the MOBA Honor of Kings, earned a staggering $10 billion in revenue in 2020.Īccording to a report published by Reuters, these earnings make TiMi the “world’s largest developer,” as per its sources.
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