Call Of Duty Pros Sue Activision Over Alleged Tournament Monopoly
Portfolio Pulse from Franca Quarneti
Prominent Call of Duty players have filed a lawsuit against Activision Blizzard Inc., a subsidiary of Microsoft Corp., accusing it of establishing an illegal monopoly over professional leagues and tournaments for the game. The lawsuit, filed in Los Angeles federal court, alleges that Activision, along with entities like GameStop Corp. and Major League Gaming, once organized open competitions but later monopolized the market by shutting down other leagues. The plaintiffs, including Hector Rodriguez (H3CZ) and Seth Abner (Scump), are seeking over $680 million in damages, claiming the monopoly has restricted players' earnings from sponsorships and endorsements.
February 16, 2024 | 8:54 pm
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GameStop Corp. is mentioned in a lawsuit against Activision Blizzard for its past involvement in organizing open Call of Duty competitions, potentially affecting its public perception.
Although GameStop's involvement in the lawsuit is as a past organizer of open competitions and not as a defendant, the association with a legal dispute over monopolistic practices could negatively impact its public perception, potentially affecting its stock price in the short term.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Microsoft Corp., owning Activision Blizzard, faces a lawsuit over alleged monopoly in Call of Duty leagues, potentially impacting its reputation and financial liabilities.
The lawsuit against Activision Blizzard, owned by Microsoft, over monopolistic practices in Call of Duty leagues could lead to financial liabilities and reputational damage for Microsoft, potentially affecting its stock price negatively in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80