![]() ![]() 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 proceeds 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. 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. 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 U.S." ![]() 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. ![]() World Bank: Serbias economic growth 2.The $10 billion would make Timi the world's largest developer, the sources say, which many industry watchers had suspected to be the case. NBS: Standard Poor’s Affirms Serbias Credit Rating at BB+ĭjedovic: We Are Looking for the Right People for EPS Outside the Borders of Serbia Too NBS: Serbia seen as good investment destinationĭinar-to-euro exchange rate at RSD 117.2783Ĭompany IMT Fabrika Remontni Centar Dobanovci up for Saleĭinar-to-euro exchange rate at RSD 117.2878įamous Local Fashion Brand NicolaS up for Saleĭinar-to-euro exchange rate at RSD 117.2880 What Kind of Inflation Do the Economy and Bankers Expect in the Coming Years?ĭinar-to-euro exchange rate at RSD 117.2808ĭinar-to-euro exchange rate at RSD 117.2847ĮPS Officially a Joint-Stock Company – Shares Worth RSD 365 Billion Issuedĭinar-to-euro exchange rate at RSD 117.2871 World Bank: Serbian 2023 GDP growth projected at 2.3 pctįrom May 1, Price of Electricity in Serbia Higher by 8%, Gas by 10%ĭinar-to-euro exchange rate at RSD 117.2758 Serbian financial sector expects same one-year-ahead inflation Raiffeisen Banka Completes Acquisition of Former Crédit Agricole Srbijaįrom May 1, Price of Electricity for Economy EUR 110.81 per Megawattĭinar-to-euro exchange rate at RSD 117.2719ĭinar-to-euro exchange rate at RSD 117.2722ĭinar-to-euro exchange rate at RSD 117.2760 Tencent did not immediately reply to a Reuters request for comment. The revenue 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, Reuters adds. The USD 10 billion would make Timi the world’s largest developer, the sources say, which many industry watchers had suspected to be the case. The company did not break down revenue for individual studios, which are run independently and compete with each other, Reuters writes. 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. Timi’s proceeds accounted for 40% of the game revenue, said the two people. Last week, Tencent reported 156.1 billion yuan (USD 23.79 billion) in overall online game revenues for 2020. Chinese tech giant Tencent’s Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of USD 10 billion last year, two people with direct knowledge of the matter told Reuters.
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