In a nutshell, which corporation do you believe is the world’s “best” developer? What is Rockstar North? What about Electronic Arts? It’s Tencent’s TiMi Studios, the company behind Call of Duty: Mobile and Honor of Kings, according to a new article. Last year, it made an impressive $10 billion in sales.
Chinese giant Tencent recently reported 156.1 billion yuan ($23.79 billion) in overall online game revenue for 2020, but it didn’t break down the figure for its individual studios, which run independently from each other. According to Reuters, citing two sources “with direct knowledge of the matter,” TiMi was responsible for 40% of that money.
Many people may not recognise the name TiMi, but its games include the massive Call of Duty: Mobile, which received 100 million downloads in its first week alone, and Honor of Kings. Honor of Kings, which is only accessible in China, will have 100 million regular users by November 2020.
TiMi is using its massive sales to move beyond handheld games and into the console/PC segment. A job posting last week announced that the organisation is developing a new AAA game based on the interactive community from the film Ready Player One. The South China Morning Post reports that it is also constructing a studio in Los Angeles with the intention of “creating content of original intellectual property that has global appeal.”
Tencent also owns or manages Riot Games (League of Legends), Lightspeed & Quantum (PUBG: Mobile), Epic Games (Fortnite), Supercell (Clash of Clans), and Activision Blizzard (Call of Duty), among others. The pandemic-induced surge in gaming has boosted the company’s earnings, with online games revenue increasing 29 percent to 39.1 billion yuan ($5.95 billion) in the fourth quarter.
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