Call Of Duty: Mobile developer TiMi Studios reportedly generated US$10billion Last Year. A whopping $10 Billion dollar worth of revenue was earned in 2020 by Timi Studios, a subsidiary of Tencent. According to a report by Reuters, this makes the studio the “world’s largest developer”, while it’s still unclear on what measures exactly.
TiMi Studios, a developer company that delivered one of the biggest hits ever, Call of Duty: Mobile, reported the number. On the other hand, Activision, publisher of the Call of Duty franchise, posted a revenue chart recording $8.09 billion dollars, which is about $2 billion less than what Timi has reported.
Considering the studios’ history, the numbers are not at all surprising. When Call of Duty: Mobile was released in October 2019, it recorded the biggest launch in mobile gaming ever, with a score of 100 Million downloads worldwide within the first week. Another release, Honor of Kings, a game exclusively for China, had an awe-inspiring 100 million daily active users as of November 2020.
PUBG: Mobile, the battle royale title that became a worldwide phenomenon, is developed by Lightspeed Quantum, which also happens to be owned by Tencent. Needless to say, the game was an instant hit and it has crossed more than 1 billion downloads worldwide, recently. The game has made $5billion since its release in 2018 and earned $2.7billion in 2020 alone.
Sources from Reuters’ have also claimed 40 per cent of Tencent’s overall gaming revenue in 2020 is generated by TiMi. Tencent’s total gaming revenue for last year adds up to $23.79billion.
According to an article by The Verge, Tencent and Timi will not be resting their wheel as Timi is recruiting for another AAA title that “resembles the virtual community from the movie Ready Player One”. The article further informed Tencent is building a TiMi studio in Los Angeles as well.
Tencent has been investing in some US-based gaming companies for quite a while now. It bought a majority stake of League of Legends developer Riot Games in 2011 and then acquired full ownership in 2015. The company also purchased 40 percent of Epic Games in 2012, which must have grown in value significantly, hailing with the huge success Epic’s Fortnite has made.