"COD Mobile" developers earned $10 billion in 2020
Tencent's Timi Studio, the developer of Call of Duty: Mobile, has generated $10 billion in revenue last year, and by this TIMI becomes the world’s largest developer.
Tencent has earned $23.79 billion in overall game revenue for 2020.
This makes up 40% of the overall game revenue.
Timi planning for AAA titles for PC, PlayStation, Xbox, and Switch.
It was released in October 2019 and the game hit 100M download in 1st week only and then after that many industry experts predicted the success of this game.
Tencent is also building a TiMi studio in Los Angeles, according to Reuters.Tencent has long-standing investments in some US-based gaming companies. It bought a majority stake of League of Legends developer Riot Games in 2011 and then full ownership in 2015. And Tencent purchased 40 percent of Epic Games in 2012, a stake that grown in value significantly following the huge success of Epic’s Fortnite.
Tencent is also the owner of the studio Lightspeed & Quantum, which develops PUBG: Mobile. That game has also been a smash hit and just crossed more than 1 billion downloads worldwide.