![]() Aurora Studios Group, boosted by its Moonlight Blade Mobile title, contributed 3 per cent, the people said. Of Tencent's remaining gaming revenue last year, its Lightspeed and Quantum studio, the developer of PUBG Mobile, another top-grossing game, contributed 29 per cent, the people said, while 26 per cent was proceeds from publishing for other developers. Timi's proceeds accounted for 40 per cent 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 per cent 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.Īlso Read | Tencent's quarterly profit jumps 175%, beats forecasts 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. What do you make of the partnership? Let us know your thoughts in the comments below.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. Timi and Xbox Game Studios could develop a mobile game for any of Microsoft's existing IPs, such as Halo, Forza, or even Gears of War. With the new partnership, it's possible we could see a bunch more mobile games (hopefully with achievements) launch for the Xbox platform. ![]() The developer is also working on Pokemon Unite, a free-to-play MOBA coming to both mobile and Nintendo Switch. ![]() Niko Partners analyst Daniel Ahmad first spotted the news, noting that the Chinese press release doesn't give away much information about the partnership but does say it will "revolve around new game experiences." Timi Studios, which reportedly generated $10 billion in revenue in 2020, is responsible for mobile games such as Honor Kings and Call of Duty Mobile. Sean Carey Timi Studios, one of the world's largest mobile game developers owned by Chinese industry giant Tencent, has entered into a "strategic partnership" with Xbox Games Studios.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |