The company aims to eventually derive half its gaming revenue from outside China, up from 23 percent in the fourth quarter of 2019. Tencent is building studios overseas, including Los Angeles bases for Timi and Lightspeed and Quantum, as it looks to shift to developing original intellectual property. Tencent said its online games revenue rose 29 percent quarter-on-quarter to 39.1bn yuan for the fourth quarter, amidst a surge in paying gamers. Timi Studios’ Honour of Kings International expansion Reuters said Timi accounted for 40 percent of Tencent’s gaming revenues, followed by the Lightspeed and Quantum studio, developer of the popular game PUBG Mobile, at 29 percent.Īnother subsidiary, Aurora Studios Group, which develops Moonlight Blade Mobile, accounted for 3 percent, while another 26 percent reportedly derived from publishing games for other developers. Tencent last month reported a total of 156.1bn yuan (£17.2bn) in online gaming revenues for 2020, but did not break down the figures for the individual studios it owns, which are run independently and compete with one another. Surge in demandįor comparison, Activision Blizzard, the company that develops the Call of Duty game series, in February reported $8.1bn in revenue for 2020, up 25 percent year-on-year. Timi has made its name by developing mobile games based on other companies’ properties, including popular titles Call of Duty Mobile and Honour of Kings, as well as Arena of Valour, Pokemon Unite, Speed Drifters and others. The figure would make Timi the world’s biggest videogame developer by revenue, Reuters estimated. Posted about my SAB listing a few weeks ago about not showing up in search only when you entered the exact name. The figure reported by the Reuters news agency, citing two unnamed sources familiar with the matter, makes Timi the latest company to see a huge spike in demand driven by the coronavirus pandemic, along with video-streaming platforms and teleconferencing services. Despite the company’s promises to change the toxic work culture, employees continue to say there are still a lot of unresolved workplace issues regarding harassment, discrimination, and other misconduct.Timi Studios, a gaming division of Chinese tech giant Tencent, reportedly generated $10 billion (£7bn) in revenues last year, which would make it the world’s single biggest studio. The harassment scandal at Ubisoft is not over yet. TiMi generated an estimated revenue of 10 billion USD in 2020. He was accused of abusing his power and lying about his marital status while approaching female fans. TiMi Studio Group ( Chinese: pinyin: Tinmi Gngzu Shqn ), a subsidiary of Tencent Games, is a video game development studio group headquartered in Shenzhen, China and offices in Singapore, Montral, Seattle, Los Angeles, Chengdu, and Shanghai.
Ismail was ousted from Ubisoft in mid-2020 following multiple misconduct allegations. Prior to that, he worked as an engineer and assistant producer at Electronic Arts. Īshraf Ismail worked at Ubisoft for 11 years, serving as game director of Assassin’s Creed IV Black Flag and Assassin’s Creed Origins, as well as creative director of Assassin’s Creed Valhalla. There are also no mentions of the TiMi work on his LinkedIn profile. However, Tencent never publicly announced Ismail’s appointment. Tencent Holdings subsidiary TiMi Studio Group will take the lead in the internet giant’s pursuit of metaverse-like developments in the video gaming industry.
The team consists of several other ex-Ubisoft devs.Ī TiMi Studio Group representative told Axios that Ismail has “consistently shown an eagerness to learn and grow as both a team member and person.” “We strive to provide a safe, respectful working environment for all and will continue to do so as our team grows and expands,” the statement reads. Ismail reportedly had been involved with TiMi’s Montreal division since it opened in July 2021. The studio started its Western expansion last year, announcing a partnership with Xbox and opening new offices across North America.
TiMi is known for creating some of the highest-grossing mobile games, including Honor of Kings, Call of Duty: Mobile, and Pokémon Unite. He is now working on a new game at the company’s office in Montreal. Image source: Assassin’s Creed UK’s YouTube channelĪs reported by Axios, Ismail was hired last year by Tencent’s subsidiary TiMi Studio Group.
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