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, while 26% was proceeds from publishing for other developers. Timi's proceeds accounted for 40% of the game revenue, said the two people. Last week, Tencent reported 156.1 billion yuan ($23.79 billion) in overall online game revenues for 2020 but did not break down revenue for individual studios, which are run independently and compete with each other. Such games feature long sessions and in-depth storytelling or battles, with some including multiplayer online role-playing or online battle arenas. Many major studios are turning to Tencent for support to convert their "hardcore" desktop or console games to mobile. 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. 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.
#SOURCES TIMI STUDIOS KINGS CALL DUTY MOVIE#
In a recruitment notice last month, a Timi engineer wrote that the company aims to create 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."
It 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. Founded in 2008, TiMi has developed a string of hit titles including Honor of Kings, QQ Speed, CrossFire: Legends, Arena of Valor and most recently, Call of Duty: Mobile.The $10 billion would make Timi the world's largest developer, the sources say, which many industry watchers had suspected to be the case. TiMi strives to create high quality, high fidelity and highly accessible games across a wide variety of genres. TiMi can be followed on Facebook and Twitter.Ībout TiMi Studios: TiMi Studios, a subsidiary of Tencent Games, is a leading global video game development team headquartered in Shenzhen, China, with offices in Los Angeles, Shanghai and Chengdu, China. Last summer, Tencent Games announced that TiMi Studios was working on a new Pokémon game with The Pokémon Company.
Tencent’s biggest studio continues to work on its existing titles and new games planned for future release. TiMi Studios’ recognition at the Pocket Gamer Mobile Games Awards follows Call of Duty: Mobile winning Pocket Gamer’s Game of the Year, as well as Google Play’s Best Game of 2019 and its Mobile Game accolade at The Game Awards. Pocket Gamer’s awards were voted for by a panel of industry judges and recognized the hard work of the teams and individuals who have led the industry over the preceding year. “Winning this award after making many efforts to be a more global studio, signifies to us that we’re on the right track.” “As one of the leading studios in Tencent Games, the entire team at TiMi Studios has been working hard for years to bring AAA mobile games to the world and we are happy to have been recognized by an industry leader for our work,” said Vincent Gao, international business director for TiMi Studios. working on a new Monster Hunter Title News LOS ANGELES & TOKYO, Novem TiMi Studio Group (TiMi) and Capcom Co., Ltd. TiMi headquarters are in Shenzhen with domestic offices in Chengdu and Shanghai and is currently hiring for its international studio in Los Angeles. News TiMi Studio Group and Capcom Co., Ltd. TiMi was selected for its development work on Activision’s Call of Duty: Mobile, which launched last year and was also named Game of the Year by Pocket Gamer.įounded in 2008, TiMi is the studio behind a string of successful titles including Honor of Kings, QQ Speed, CrossFire: Legends, Arena of Valor, and most recently Call of Duty: Mobile. Pocket Gamer presented awards in 22 categories and TiMi Studios was in competition with 11 of the best game developers in the world for the Best Developer award. 22, 2020 /PRNewswire/ - TiMi Studios, a subsidiary of Tencent Games, was presented with ‘Best Developer’ award at the Mobile Game Awards at Pocket Gamer’s annual gala in London last night.
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