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. 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% 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.
#Tencent timi studios honor kings call 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 US” It also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive “AAA” titles on platforms such as desktop computers, Sony’s PlayStation, Nintendo’s Switch and Microsoft’s Xbox. The $10 billion would make TiMi the world’s largest developer, the sources say, which many industry watchers had suspected to be the case. Newzoo recently reported on Honor of Kings' impact on Tencent’s revenue growth in China compared to Clash Royale's international impact.(Reuters) – Chinese tech giant Tencent’s TiMi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, two people with direct knowledge of the matter told Reuters. Even between February and March, consumer spending saw a rise of 21 per cent. Six years on from its release in China, Honor of Kings recorded more than 145 million monthly users this March and was reported by Sensor Tower to be the top-grossing mobile game worldwide for the first quarter of 2022. This will be Tencent's second attempt at expanding the incredible popularity of Honor of Kings globally: a separate version, Arena of Valor, was released in select western territories, but its performance has been considerably worse outside of Asia. Please be patient and stay tuned for more updates! /T8ZN1ZLM8Y- Level Infinite June 7, 2022 Rounds of closed beta tests will be gradually announced starting next month. We have great news! We will be rolling out Honor of Kings by TiMi Studio Group to you global gamers by the end of this year!
#Tencent timi studios honor kings call series
Ī series of tests will first be released in select countries beginning in July. Tencent's 5v5 MOBA Honor of Kings is receiving a global launch later this year on mobile, as announced by Level Infinite and Tencent subsidiary TiMi Studio Group.
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