Tencent's TiMi Montreal Shuts Down After 5 Years Without Releasing a Single Game

A Brief and Unfortunate History

TiMi Montreal, a Tencent-backed studio founded in 2021 to develop AAA open-world multiplatform games, has quietly shut down less than five years after its founding. The studio never released — or even officially announced — a single game before its closure.

A High-Profile Launch, a Quiet End

TiMi Montreal was the third North American office of TiMi Studio Group, the creators of mobile hits like Honor of Kings and Arena of Valor. It was pitched as a pathway into the premium console and PC gaming market. The studio attracted significant talent, most notably Assassin's Creed Valhalla creative director Ashraf Ismail. Montreal's location near Ubisoft's main development hub made it ideal for recruiting top-tier open-world development talent.

Chinese Publishers Retreating from Western Studios

TiMi Montreal's closure is part of a broader trend of Chinese publishers pulling back from North American studio investments. TiMi's Los Angeles studio, Team Kaiju, shut down in 2023, and competitor NetEase has similarly cut investment across several startup studios in recent years. Escalating development costs and uncertain returns appear to be the primary drivers of this retreat.

Developers Speak Out

Former employees took to LinkedIn to express their grief. "I am genuinely heartbroken that the public will never get to experience what this team was capable of producing," wrote one laid-off programmer. "TiMi Montreal was made up of really talented people and working with them was a privilege." The studio joins a growing list of ambitious game development ventures that never made it to launch — a sobering reminder of the enormous risks inherent in AAA game development.