It is now looking to take those learnings and create high quality games for a global audience that are accessible to all players, regardless of he platform they play on," he said. "Timi has been able to successfully operate these mobile games over the long term. Timi is also the developer of Pokemon Unite, Arena of Valor, Speed Drifters, and others.Īccording to analyst Daniel Ahmad, Timi is firing on all cylinders right now and is looking to expand to create games for a global audience. Retuers said Tencent's plan is to eventually have half of its game revenue come from overseas markets currently, this figure stands at 23% for the latest period. The studio recently hired Scott Warner-a games industry veteran who worked on the Halo and Battlefield franchises-to head up its new Los Angeles studio. In any case, Timi is looking to grow to become a company with even more global appeal. It also bears mentioning that the $10 billion comes from Timi Studios alone, not Tencent's other internal studios like Lightspeed & Quantum Studios, the team that makes the wildly popular PUBG Mobile. But it seems Reuters is saying $10 billion in revenue for a single studio is what is the record. Companies like Activision Blizzard-the owner of Call of Duty- and the parent company of the main series' developers-make more money annually than that. It's not exactly clear what "largest" means here. And that's all without really being a household name. In 2014, Jade Studio merged with Wolong Studio.
#Sources tencent timi studios honor duty Pc
Sources told Reuters that Timi Studios made $10 billion in revenue last year, which makes it the "world's largest developer," according to the report. TiMi Studio Group (Chinese: ) is an video game developer company, subsidiary of Tencent Games, responsible for developing Call of Duty: Mobile TiMi began in 2008 as Jade Studio in Shenzhen, China and debuted into the Chinese PC gaming market with QQ Speed (Speed Drifters), which went on to be China's most successful racing game. Aurora Studios Group, boosted by its Moonlight Blade Mobile title, contributed 3%, the people said.Timi Studios, the game developer behind both Call of Duty Mobile and Honor of Kings, had a banner year in 2020. 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's proceeds accounted for 40% of the game revenue, said the two people. 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. Chinese tech giant Tencents Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of 10 billion last year. Many major studios are turning to Tencent for support to convert their "hardcore" desktop or console games to mobile. 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.
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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." 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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