Timi Studios, the Tencent-owned mobile developer of two of the most popular mobile video games including Honor of Kings and Call of Duty Mobile, generated a revenue of $10 billion in 2020, Reuters reported.
Not only did the company generated this huge revenue in 2020, but the launch of its game Call of Duty, 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.
Whereas the Honor of Kings developed by Timi, which is only available in China, had an astounding 100 million daily active users as of November 2020, according to Tencent.
Reuters reported that the $10 billion generated by Timi Studo, would make it the world’s largest developer, providing the studio with a heavy reason to pursue its ambitions to move beyond mobile games and compete with the global heavyweights developing expensive “AAA” titles on platforms such as desktop computers, Sony’s PlayStation, Nintendo’s Switch and Microsoft’s Xbox.
Timi is recruiting for 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.”
This development suggests that TiMi wants to make its own metaverse-like game in the vein of Fortnite and Roblox. Tencent is also building a TiMi studio in Los Angeles.
Furthermore, the game giant, 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.
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.
The gaming giant, which has benefited from a surge in paying gamers, said last week its online games revenue rose 29 per cent to 39.1 billion yuan in the fourth quarter.
From : pk.mashable.com