Tencent Shuts Down TiMi Montreal, Latest Western Studio to Be Closed
Tencent has made the decision to shut down another Western studio, TiMi Montreal. This move comes as a surprise to many in the gaming industry, who are still reeling from the news of the studio's closure.
The decision to close TiMi Montreal was made by Tencent, the parent company of the studio. The reason for the closure is not entirely clear, but it is believed to be due to the company's efforts to streamline its operations and focus on more profitable ventures.
TiMi Montreal was founded in 2018 and had been working on several projects, including a new game in the popular Call of Duty series. The studio had a team of around 100 developers and was known for its high-quality games.
This is not the first Western studio to be closed by Tencent in recent years. The company has been on a buying spree, acquiring several studios and integrating them into its existing operations. While this has allowed Tencent to expand its reach and increase its market share, it has also led to the closure of several studios and the loss of hundreds of jobs.
The closure of TiMi Montreal is a blow to the gaming industry, which is already facing a number of challenges. The industry is undergoing a significant shift, with the rise of cloud gaming and the increasing popularity of mobile games. This has led to a number of studios struggling to stay afloat, and the closure of TiMi Montreal is just the latest example of this trend.
The news of the studio's closure has been met with a mixture of shock and sadness from the gaming community. Many developers and gamers have taken to social media to express their disappointment and frustration at the news.
The closure of TiMi Montreal is a reminder of the challenges facing the gaming industry today. As the industry continues to evolve and change, it is likely that we will see more studios closing their doors. However, it is also an opportunity for new studios to emerge and for the industry to adapt to the changing landscape.