TiMi Studios, Developer of Tencent’s Huge Mobile Hits Call of Duty: Mobile and MOBA Honor of kings, achieve staggering $ 10 billion in sales by 2020, according to April 1st Reuters report.
According to the source, this revenue makes TiMi the “world’s largest developer”. While it is not known exactly which metric defines it, it is undoubtedly a very large number. In comparison, Activision Blizzard (which publishes the Call of Duty franchise) posted 2020 revenue of $ 8.09 billion, nearly $ 2 billion less that TiMi grossed $ 10 billion.
Although TiMi may not be a household name, its game is the biggest in the world. Call of Duty: Mobile will have the launch of the biggest mobile game ever when released in October 2019, with a total of over 100 million downloads worldwide in its first week of availability. And The honor of kings, which is only available in China, has 100 million Daily active users starting November 2020, according to Tencent.
It looks like Tencent and TiMi are not complacent. TiMi is recruiting for a new AAA game that “looks like the virtual community of the film Player One loan, ” Reuters reports, which seem to suggest that TiMi is looking to get its own metaverse game on track Fortnite and Roblox. Tencent is also building a TiMi studio in Los Angeles, according to Reuters.
Tencent has long-term investments in several US-based gaming companies. They bought the majority wins from League of Legends Riot Games developer in 2011 full ownership in 2015. And Tencent bought 40% of the 2012 Epic Games, a problem whose value has increased greatly after Epic’s success Fortnite.
Tencent too owner of the studio Lightspeed & Quantum, which is growing PUBG: Mobile. This game was also a huge hit just passed over a billion downloads worldwide.