Tencent’s video game arm TiMi Studios records $10B of earnings in 2020

Tencent’s video game arm TiMi Studios records $10B of earnings in 2020

TiMi Studios, a Tencent Games subsidiary and the videogame developer behind massive mobile hits MOBA Honor of Kings and Call of Duty: Mobile, has reportedly recorded revenues of over $10 billion for 2020, cite reliable sources.

According to reports, these earnings make TiMi Studios the world’s biggest videogame developer. While it is yet unclear what metric that is exactly defining, it is a large number without a doubt. For instance, in comparison, Activision Blizzard, the gaming studio that publishes the coveted franchise of Call of Duty, recorded revenues of over $8.09 billion in 2020, which is nearly $2 billion short of TiMi’s $10 billion.

While TiMi has yet to attain the level of prominence that would make it a household name, the studio’s games are among some of the most played worldwide. In fact, the Call of Duty: Mobile game supposedly recorded the biggest launch for a mobile game ever in October 2019, when it was released. It saw over 100 million downloads globally within the first week of its release.

Meanwhile, according to an official Tencent announcement, another TiMi Studios game, Honor of Kings, a mobile game that is only available inside China, saw an unprecedented 100 million daily users in November 2020.

Given the massive business it saw in 2020, it does not seem like TiMi Studios and parent company Tencent would be resting upon their laurels. In recent months, TiMi has been recruiting talent for a novel AAA videogame that closely resembles the highly immersive virtual community seen in the Ready Player One movie.

Sources privy to the matter seems to suggest that TiMi intends to build its own comprehensive metaverse-like game, on similar lines of Roblox and Fortnite. Moreover, Tencent is also setting up a TiMi Studios location in Los Angeles, California, hinting towards its future growth plans.

Source credit: https://www.theverge.com/2021/4/4/22367089/tencent-timi-studios-call-of-duty-mobile-10-billion-2020