Seeing as how Activision Blizzard no longer makes new games, TiMi may hold the title of world’s largest developer forever.
#Sources tencent timi studios honor duty license
No surprise that a lot of this revenue is driven by mobile games and they have become one of the go-to providers for those who want to outsource / license mobile game development. Sources: Tencents gaming studio TiMi Studios, which makes Honor of Kings and Call of Duty Mobile, generated 10B revenue in 2020 (Reuters).
The scale of Tencent’s gaming business is incredible. At this time, Tencent has not yet replied to Reuters to comment on the reports. The two people interviewed chose not to be identified because the information that was revealed has not yet been made public. Some of the games it is most famous for include Call of Duty: Mobile and Honor of Kings. TiMi Studios is a video game developing company founded in 2008. According to the two individuals that spoke to Reuters, TiMi’s proceeds accounted for 40% of the company’s game revenue. This news comes after Tencent reported revenues of $23.79 billion in online gaming last year. Reuters sources are now saying that this revenue generation makes TiMi “the world’s largest developer.” NBS: Price of Banking Fees Not to Increase in the Next Yearįirst Tires Sent from Indjija to American Marketĭinar-to-euro exchange rate at RSD 117.3374ĭinar-to-euro exchange rate at RSD 117.3216ĭinar-to-euro exchange rate at RSD 117.3235Īir Serbia breaks monthly passenger number record in Julyĭinar-to-euro exchange rate at RSD 117.3664Īir Serbia plans to fly to Chicago, Havanaĭinar-to-euro exchange rate at RSD 117.According to a recent article by Reuters, Tencent’s TiMi Studios generated $10 billion of revenue last year. NBS: Inflation in Serbia in July 12.8%, Peak of 14% Expected in Septemberĭinar-to-euro exchange rate at RSD 117.3460ĭinar-to-euro exchange rate at RSD 117.3357ĭinar-to-euro exchange rate at RSD 117.3314 Serbia Spends EUR 1.5 Billion on Import of Electricity and Gasĭinar-to-euro exchange rate at RSD 117.3811 Srbijagas: From October 1, Gas to Be Calculated in Kilowatt-Hours Instead of Cubic Metersĭinar-to-euro exchange rate at RSD 117.3593īus Station and Side Buildings in Cuprija up for Saleĭinar-to-euro exchange rate at RSD 117.3637 Seventy Agreements Worth USD 31 Billion Signed at Smart China Expoĭinar-to-euro exchange rate at RSD 117.3625 Velefarm Complex in Subotica up for Sale – Estimated Value RSD 70 Millionĭinar-to-euro exchange rate at RSD 117.3590īroker: Komercijalna Banka Withdrawing Shares from Belgrade Stock Exchangeĭinar-to-euro exchange rate at RSD 117.3748 Tencent did not immediately reply to a Reuters request for comment.ĭinar-to-euro exchange rate at RSD 117.3686Īir Serbia to Establish Direct Line Between Nis and Zurichĭinar-to-euro exchange rate at RSD 117.3517ĭinar-to-euro exchange rate at RSD 117.3475 TiMi Studios, the Tencent-owned developer of huge mobile hits Call of Duty: Mobile and the MOBA Honor of Kings, earned a staggering 10 billion in revenue in. The revenue also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive “AAA” titles on platforms such as desktop computers, Sony’s PlayStation, Nintendo’s Switch and Microsoft’s Xbox, Reuters adds. 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. The USD 10 billion would make Timi the world’s largest developer, the sources say, which many industry watchers had suspected to be the case. The company did not break down revenue for individual studios, which are run independently and compete with each other, Reuters writes.
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. Timi’s proceeds accounted for 40% of the game revenue, said the two people. Last week, Tencent reported 156.1 billion yuan (USD 23.79 billion) in overall online game revenues for 2020. Chinese tech giant Tencent’s Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of USD 10 billion last year, two people with direct knowledge of the matter told Reuters.
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