![]() ![]() ![]() 10 billion in earnings for 2020 would make Timi the world’s largest mobile developer. The developer is know for huge mobile hits such as Call of Duty: Mobile and Honor of Kings. Aurora Studios Group, boosted by its Moonlight Blade Mobile title, contributed 3%, the people said. Ap In Industry News By TCI Entertainment Timi Studios, owned by Tencent, has reportedly earned 10 billion in 2020. TiMi Studios, a subsidiary of Tencent Games and developer of Pokemon Unite, is looking to hire more people for a new AAA open-world game. ![]() 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. Sources told Reuters that Timi Studios made 10 billion in revenue. Many major studios are turning to Tencent for support to convert their "hardcore" desktop or console games to mobile. Timi Studios, the game developer behind both Call of Duty Mobile and Honor of Kings, had a banner year in 2020. 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. Published around the world by Activision and developed by TiMi Studio Group, Call of Duty: Mobile is popular with fans and critics alike as it has more than 500 million downloads and was named Best Mobile Game at The Game Awards 2019. 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. 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." ![]()
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