The partnership could help TiMi build a name globally by converting its mobile titles into console plays for Microsoft’s Xbox. In 2020, Honor of Kings alone generated close to 2.5 billion in. In all, TiMi pocketed $10 billion in revenue last year, according to a report from Reuters citing people with knowledge. Established in 2008 within Tencent, TiMi is behind popular mobile titles such as Honor of Kings and Call of Duty Mobile. In 2020, Honor of Kings alone generated close to $2.5 billion in player spending, according to market research company SensorTower. The succinct announcement did not mention whether the tie-up is for content development or Xbox’s console distribution in China, but said more details will be unveiled for the “deep partnership” by the end of this year.Įstablished in 2008 within Tencent, TiMi is behind popular mobile titles such as Honor of Kings and Call of Duty Mobile. ($1 = 6.5619 Chinese yuan renminbi) (Reporting by Pei Li and Tony Munroe.TiMi Studios, one of the world’s most lucrative game makers and part of Tencent’s gargantuan digital entertainment empire, said Thursday that it has struck a strategic partnership with Xbox. Tencent, which has benefited from a surge in paying gamers, said last week its online games revenue rose 29% to 39.1 billion yuan in the fourth quarter. Tencent did not immediately reply to a Reuters request for comment. The sources declined to be identified because the information is not public. Aurora Studios Group, boosted by its Moonlight Blade Mobile title, contributed 3%, the people said. 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. As of July 2019, Honor of Kings is the most profitable mobile game. This advertisement has not loaded yet, but your article continues below. TiMi Studio Group (Chinese: pinyin: Tinmi Gngzu Shqn), a subsidiary of Tencent Games, is a video game development studio group. 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 tencent timi honor 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.” The Call of Duty: Mobile game was co-developed by TiMi Studios with Activision Blizzard, which exceeded 100 million downloads within a month of launch, making. The next issue of Financial Post Top Stories will soon be in your inbox. If you don't see it, please check your junk folder.
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