Timi Studios developed Call of Duty Mobile and many other popular games, and they made 10 $billion in revenue in 2020.
Timi studio is a branch of a giant company called Tencent that has produced popular games like Arena of Valor, Honors of Kings, Pokemon Unite and many more.
Generating this much revenue means that Timi Studios is one the biggest mobile game developers in the world. They’re acquiring another studio that produces AAA games (games made by major publishers).
However, Timi studios have to invest a hefty amount to compete with studios like PC, Xbox, and PlayStation.
Tencent has already started building new studios in South Korea, Europe, Japan, and the United States (US). These new studios will be used by Timi as well as Lightspeed and Quantum, the studio behind PUBG Mobile.