TiMi Studios, the developer of large mobile hits owned by Tencent Call of Duty: cell phone and the MOBA Honor of kings, according to an April 1 earnings of $ 10 billion in 2020 Reuters report.
ReutersAccording to these sources, TiMi makes the ‘biggest developer in the world’ according to the article. Although it is unclear exactly what criterion it defines, it is undoubtedly a large number. For comparison, Activision Blizzard (which is the publication of the Call of Duty franchise) generated revenue of $ 8.09 billion for 2020, almost $ 2 billion less as TiMi’s reported $ 10 billion.
While TiMi may not be a household name, the games are some of the largest in the world. Call of Duty: cell phone allegedly had the biggest launch of mobile games ever when it was released in October 2019, and more than 100 million downloads worldwide in the first week of availability. And Honor of kings, which is only available in China, had an astonishing 100 million daily according to Tencent active users from November 2020.
It does not look like Tencent and TiMi will rest on their laurels. TiMi is recruiting for a new AAA game that ‘looks like the movie’s virtual community Ready player one, ” Reuters reports, which seems to be that TiMi wants to make its own metaphorical game in the vein of Fortnite and Roblox. According to Tencent, Tencent is also building a TiMi studio in Los Angeles Reuters.
Tencent has been investing in some US gambling industries for years. It has a majority share of League of Legends developer Riot Games in 2011 and then full ownership in 2015. And Tencent bought 40 percent of Epic Games in 2012, a stake that grew significantly after Epic’s huge success Fortnite.
Tencent is also the owner of the studio Lightspeed & Quantum, which is developing PUBG: cell phone. The game was also a big hit and crossed just over 1 billion downloads worldwide.