TiMi Studio Group
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Documents about TiMi Studio Group
Tencent TiMi Studio Group L1 Global Esports GM Resigns Over Alleged Corruption
Zhang Yijia, the general manager of Tencent’s TiMi Studio Group L1 Esports Center and a prominent figure in the Chinese esports ecosystem, has resigned following allegations of supplier corruption.
- Zhang Yijia, general manager of Tencent’s TiMi Studio Group L1 Esports Center and president of the King Pro League, has resigned due to allegations of supplier corruption.
- Tencent confirmed that an internal email cited supplier corruption as the reason for Zhang Yijia's departure from the company.
- Zhang Yijia was a foundational figure in Tencent's esports division, overseeing the production and operations of major titles including Honor of Kings and QQ Speed.
Tencent’s King Pro League Grand Finals to Feature $10M Prize Pool
TiMi Studio Group, a subsidiary of Tencent, has announced that the King Pro League (KPL) Grand Finals will feature a total prize pool of ¥70 million, approximately $9.92 million USD.
- Tencent’s King Pro League (KPL) Grand Finals will feature a total prize pool of ¥70 million (approximately $9.92 million USD), with the winner receiving ¥22 million ($3.1 million).
- The event is scheduled to take place from October 2 to November 16, 2024, with the Grand Finals hosted at the 68,000-capacity Beijing Worker’s Stadium.
- This $10 million prize pool potentially positions the KPL Grand Finals as the highest-paying single esports tournament of 2024, surpassing the $5.05 million prize pool of the Dota 2 Riyadh Masters.
Call of Duty: Warzone Mobile Generates $2.3 Million in First Two Weeks
The global launch of Call of Duty: Warzone Mobile has yielded modest financial results, generating $2.3 million in in-app purchase revenue during its first two weeks.
- Call of Duty: Warzone Mobile generated $2.3 million in in-app purchase revenue during its first two weeks following its March 21, 2024, launch.
- The title significantly underperformed compared to the 2019 launch of Call of Duty: Mobile, which earned $14 million and reached 66 million downloads in its first two weeks.
- Daily revenue for Warzone Mobile has settled at approximately $140,000, a sharp decline from the $1 million daily average maintained by Call of Duty: Mobile during its initial launch period.
Tencent Working on Palworld-Inspired Mobile Games
Tencent is actively developing multiple mobile titles inspired by the success of the indie hit Palworld, aiming to revitalize its gaming revenue following recent performance declines.
- Tencent is developing multiple free-to-play mobile games inspired by Palworld, utilizing its top-tier internal teams, Lightspeed Studios and TiMi Studio Group.
- The initiative aims to reverse recent financial performance, following year-over-year revenue contractions in both domestic and international gaming segments during Q4 2023.
- Tencent is shifting its strategy toward developing original intellectual property to avoid royalty payments to external IP owners and ensure long-term growth.
Metal Slug: Awakening Market Analysis: China
Metal Slug: Awakening has demonstrated significant commercial success in the Chinese mobile gaming market shortly after its launch.
- Metal Slug: Awakening, a co-development between Tencent TiMi and SNK Playmore, generated over $9 million in revenue and 1.66 million downloads in China within its first eight days.
- The title achieved significant market penetration in China, reaching the #1 spot for downloads and the #4 spot for revenue on mobile charts.
- Prior to its Chinese release, the game underwent a soft launch in Indonesia and the Philippines, facilitated by the Vietnamese publisher VNG Games.