TiMi Studios, the Tencent-owned designer of big mobile hits Call of Duty: Mobile and the MOBA Honor of Kings, earned a shocking $10 billion in income in 2020, according to an April 1st Reuters report.
Reuters short article says those profits make TiMi the “worlds largest developer,” according to its sources. While its uncertain exactly what metric that is defining, its a undoubtably a big number. For contrast, Activision Blizzard (which publishes the Call of Duty franchise) published 2020 revenues of $8.09 billion, almost $2 billion less than TiMis reported $10 billion.
TiMis video games are a few of the greatest on the planet
While TiMi may not be a household name, its games are some of the most significant on the planet. Call of Duty: Mobile apparently had the biggest mobile video game launch ever when it launched in October 2019, acquiring over 100 million downloads worldwide in its first week of accessibility. And Honor of Kings, which is only offered in China, had an impressive 100 million day-to-day active users since November 2020, according to Tencent.
It does not look like Tencent and TiMi will be resting on their laurels. TiMi is hiring for a new AAA video game that “resembles the virtual community from the motion picture Ready Player One,” Reuters reports, which seems to recommend TiMi wishes to make its own metaverse-like video game in the vein of Fortnite and Roblox. Tencent is also building a TiMi studio in Los Angeles, according to Reuters.
Tencent has long-standing financial investments in some US-based video gaming companies. It bought a bulk stake of League of Legends developer Riot Games in 2011 and after that full ownership in 2015. And Tencent purchased 40 percent of Epic Games in 2012, a stake that grown in value substantially following the substantial success of Epics Fortnite.
Tencent is likewise the owner of the studio Lightspeed & & Quantum, which establishes PUBG: Mobile. That game has actually likewise been a smash hit and simply crossed more than 1 billion downloads worldwide.
For contrast, Activision Blizzard (which publishes the Call of Duty franchise) posted 2020 earnings of $8.09 billion, nearly $2 billion less than TiMis reported $10 billion.
Call of Duty: Mobile reportedly had the greatest mobile video game launch ever when it released in October 2019, racking up over 100 million downloads worldwide in its very first week of accessibility. TiMi is hiring for a new AAA video game that “resembles the virtual neighborhood from the film Ready Player One,” Reuters reports, which appears to recommend TiMi desires to make its own metaverse-like video game in the vein of Fortnite and Roblox.