![]() ![]() The game has made $5billion since its release in 2018 and earned $2.7billion in 2020 alone. Needless to say, the game was an instant hit and it has crossed more than 1 billion downloads worldwide, recently. PUBG: Mobile, the battle royale title that became a worldwide phenomenon, is developed by Lightspeed Quantum, which also happens to be owned by Tencent. Another release, Honor of Kings, a game exclusively for China, had an awe-inspiring 100 million daily active users as of November 2020. When Call of Duty: Mobile was released in October 2019, it recorded the biggest launch in mobile gaming ever, with a score of 100 Million downloads worldwide within the first week. On the other hand, Activision, publisher of the Call of Duty franchise, posted a revenue chart recording $8.09 billion dollars, which is about $2 billion less than what Timi has reported.Ĭonsidering the studios’ history, the numbers are not at all surprising. ($1 = 6.5619 Chinese yuan renminbi) (Reporting by Pei Li and Tony Munroe.TiMi Studios, a developer company that delivered one of the biggest hits ever, Call of Duty: Mobile, reported the number. 0.43 By Pei Li and Tony Munroe (Reuters) - Chinese tech giant Tencent (HK: 0700 )s Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of 10. Tencent, which has benefited from a surge in paying gamers, said last week its online games revenue rose 29% to 39.1 billion yuan in the fourth quarter. Exclusive: Tencent’s Timi gaming studio generated 10 billion in 2020, sources say By Pei Li and Tony Munroe (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. Tencent did not immediately reply to a Reuters request for comment. Tencent aims to finally get half of its gaming. The sources declined to be identified because the information is not public. Many large studios turn to Tencent for support to convert their hardcore desktop or console games to mobile. Aurora Studios Group, boosted by its Moonlight Blade Mobile title, contributed 3%, the people said. 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. Award-winning TiMi Studio Group (Call of Duty Mobile, Honor of Kings) seeks a. 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. Tencent is hiring for a TiMi Studio Group - North America Business. ![]() This advertisement has not loaded yet, but your article continues below. Such games feature long sessions and in-depth storytelling or battles, with some including multiplayer online role-playing or online battle arenas. Tencent’s storied gaming studio TiMi is looking to accelerate international expansion by tripling its headcount in the U.S. 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. 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 earned an incredible 10 billion in revenue last year. The next issue of Financial Post Top Stories will soon be in your inbox. According to a new report, its Tencents TiMi Studios, the firm behind Call of Duty: Mobile and Honor of Kings. The 10 billion would make Timi the world's largest developer, the sources say, which many industry watchers had suspected to be the case. If you don't see it, please check your junk folder. Chinese tech giant Tencent's Timi Studios, the 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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