The studio supposedly owned by Tencent Games behind Call of Duty: Mobile it made a whopping $ 10 billion over the past year. Yes, that is a lot of money.
The production studios behind Tencent are amazing
TiMi Studios, the Tencent-owned developer and author of mobile blockbusters such as Call of Duty: Mobile and MOBA Honor of Kings, has earned a staggering $ 10 billion in 2020according to a Reuters report published on April 1.
The newspaper article claims that these earnings make TiMi “the world’s largest developer“According to their sources. While it is not clear exactly what metric defines this, it is certainly a huge number. For comparison, Activision Blizzard (company behind the Call of Duty franchise) registered in 2020 a turnover of $ 8.09 billion, almost $ 2 billion less than the $ 10 billion reported by TiMi.
While TiMi may not be a household name, their games are some of the biggest in the world. Let’s think about Call of Duty: Mobile which had the largest mobile game launch when it launched in October 2019, racking up more 100 million downloads worldwide in the first week of availability. me Honor of kings, which is only available in China, has had a staggering number of 100 million daily active users in November 2020, as stated by Tencent. However, the two companies do not seem to want to rest on their laurels.
TiMi is hiring for a new triple-A (AAA) game that “looks like the virtual community from the movie Ready Player OneReuters reports, and this seems to suggest that the developer wants to create a game in the wake of Fortnite and Roblox. Also, it appears that Tencent is building a TiMi studio in Los Angeles.
Tencent has long-standing investments in some US-based game companies, it bought a majority stake in League of Legends developer Riot Games in 2011 and then full ownership in 2015. Nonetheless, it bought 40% of Epic Games in 2012, a stake that has grown in value significantly since the great success of Fortnite. Finally, he is also the owner of the studio. Speed of light and quantum, which unfolds PUBG: Mobile. This video game was also a huge success and it just happened over 1 billion downloads all over the world.