The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Tencent-owned TiMi Studio Group has unveiled its first entry into the AAA games space as it attempts to reach a more global audience. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is used to store the user consent for the cookies in the category "Other.
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Honor of Kings pairs competitive gameplay with dynamic social interactions and is tailored for mobile play by its developer and operator, TiMi Studio Group. The cookie is used to store the user consent for the cookies in the category "Analytics". Honor of Kings is a trend-setting competitive battle mobile game and the first to average 100 million daily active users in the world. These cookies ensure basic functionalities and security features of the website, anonymously. (This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.Necessary cookies are absolutely essential for the website to function properly. Tencent, which has benefited from a surge in paying gamers, said last week its online games revenue rose 29% to 39.1 billion yuan in the fourth quarter. Tencent did not immediately reply to a Reuters request for comment. The sources declined to be identified because the information is not public. Aurora Studios Group, boosted by its Moonlight Blade Mobile title, contributed 3%, 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%, the people said, while 26% was proceeded 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 percent in the fourth quarter of 2019, the most recently available figure.
#SOURCES TENCENT TIMI 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 the U.S." Tencent is building studios overseas, including one for Timi and one for Lightspeed and Quantum, both in Los Angeles, to create content with original intellectual property that has global appeal. 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. Reuters | Beijing | Updated: 02-04-2021 12:27 IST | Created: 02-04-2021 12:11 IST Representative Image Image Credit: PixabayĬhinese tech giant Tencent's Timi Studios, the 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.
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