And Tencent bought 40% of Tim Sweeney’s American video game and software developer and publisher Epic Games in the year, 2012, a stake that grown in value expressively following the huge victory of Epic’s Fortnite. It creditedmost of the stake of League of Legends developer Riot Games in the year, 2011 and then full ownership in the year, 2015. Tencent has long-standing reserves in some United States-based gaming firms. Tencent is also creating a TiMi studio in Los Angeles, California, USA, as reported by Reuters. As per Reuters, TiMi is employing for the latest AAA game that looks very much like the virtual community from the movie Ready Player One, which seems to recommend TiMi wants to make its own metaverse-like game in the vein of Fortnite and Roblox. Tencent and TiMi will be resting on their glories. And Honor of Kings, which is just accessible in China, had an astonishing 100 million daily active users as of November 2020, as per Tencent. Call of Duty: Mobile allegedly had the biggest mobile game launch ever when it got released in the month of October in 2019, racking up over 100 million downloads across the world in its 1 stweek of launch. While TiMi might not be a game played in household, its games are one of the biggest in the world. ![]() TIMI’s games are reckoned to be the biggest in the world 2020 revenues of 8.09 billion dollars, which is nearly 2 billion dollars less than TiMi’s reported 10 billion dollars. For comparison, Activision Blizzard, the company which publishes the Call of Duty franchise, posted the last year i.e. While it’s indistinct exactly what metric is essential for a gaming company to become the world’s biggest developer company but it’s without any doubt, a huge number that was earned by the company. Timi accounted for 40% of Tencent’s game revenue.The article written by Reuters said that those earnings make TiMi the world’s biggest developer, according to its sources. No individual revenue reports of the studios were given, which are run as independent companies. Last week, Tencent reported its earnings with 156.1 billion yuan ($23.79 billion) in overall online game revenues for 2020. Tencent has become the popular choice of major console and desktop game developers for converting their games to mobiles. It bought over League of Legends developed by Riot Game in 2015, after a majority stake in 2011. Tencent has a long history of investing in gaming companies. PUBG recently crossed more than 1 billion downloads. Tencent’s aim is to increase its overseas share of game revenue, which stood at 23 percent, according to the latest results. Tencent is planning to invest in studios in Los Angeles for Timi, Lightspeed and Quantum ( the developers of the uber-successful PUBG game)in a bid to develop some original content that has global appeal. Such games feature multiplayer online role-playing and battle arenas. The game will be on the lines of Fortnite and Roblox, a metaverse game. and will “compete head-to-head against big powers from Japan, Korea, Europe and U.S.”, according to a Timi engineer. Timi has already moved forward with the announcement of a New AAA game that “resembles the virtual community from the movie Ready Player One,” Reuters reports. It was the top-grossing mobile game worldwide for September 2020, according to Sensor Tower. Honor of Kings has garnered more than $240 million in user spending, not including third-party Android stores. This could include anime, films, music and even live-action series,” said Li Min, game director and general manager of Tencent’s Timi Studios. “We are going to expand how players can interact with the Honor of Kings world and create a multi-dimensional brand experience that drives engagement both inside the game and outside it. Tencent’s Honor of Kings is expanding into other genres and forming a tie-up with British luxury group Burberry. And Honor of Kings, only available in China, had 100 million daily active users in November 2020. In its first week of launch in October 2019, Call of Duty Mobile garnered 100 million downloads. Timi is not as well know as Activision, but it has launched some of the biggest games in the world. Timi certainly has done $2 billion better compared to the well-known studio. The $10 billion paycheck has earned Timi the sobriquet of the world’s largest developer, Reuters reports.Īctivision Blizzard that publishes the Call of Duty franchise, posted a revenue of $8 billion for the year 2020. Call of Duty Mobile and the MOBA Honor of Kings together brought in a revenue of $10 billion dollars for its developer TiMi Studios, owned by Tencent.
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