June 22, 2026
Tencent reportedly closes Montreal studio after no major releases

Tencent has closed its TiMi Montreal studio, marking another retrenchment in North America as development costs remain high, according to IGN. Founded in 2021 and led by former Assassin’s Creed creative director Ashraf Ismail, the studio was positioned as a AAA open-world, multi-platform game development center…
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