Tencent Shuts Down TiMi Montréal Without Shipping a Single Game
Tencent's Montréal studio closes after nearly five years of operation and zero game releases.
Tencent has pulled the plug on TiMi Montréal, shuttering the studio after nearly five years without ever releasing a game. That's a long runway to nowhere.
The closure is part of a broader retreat by Chinese tech giants, who are scaling back their funding of Western game studios. Tencent, the world's largest gaming company by revenue, had bet on the Montréal outpost as part of its global expansion strategy. That bet didn't pay off.
The move underscores the unrelenting contraction gripping the game industry. Studios across the West have faced waves of layoffs and closures as major Chinese backers tighten their purse strings.
TiMi Montréal joins a growing list of studios that burned through years of funding with nothing to show players on the other side.