Streetbeat News

ATVI

Activision Blizzard Inc

https://www.activisionblizzard.com/

CEO

Robert Kotick

Employees

2,373

Industry

Software Publishers

activision blizzard is the world's most successful standalone interactive entertainment company. our portfolio includes some of the biggest franchises in all of entertainment, developed by the incredibly talented teams at activision publishing, blizzard entertainment, king digital entertainment, activision blizzard studios, major league gaming, and our independent studios, including toys for bob, infinity ward, sledgehammer games and treyarch. our central corporate operations provide shared services such as finance, it, sales and supply chain, human resources and legal.

Open

94.48

Mkt cap

74B

Volume

7.1M

High

94.54

P/E Ratio

34.59

52-wk high

94.57

Low

94.31

Div yield

N/A

52-wk low

70.94

A lawsuit filed in Arkansas accuses Microsoft (MSFT), Electronic Arts (EA), Activision Blizzard (ATVI), Ubisoft (UBSFF), and Epic Games of enabling video game addiction to maximize profits. The suit, filed by a mother on behalf of her child, alleges the companies engaged in practices to get consumers addicted, including the use of loot boxes and pay-to-win transactions. The child spent $3,000 on in-game transactions, and the lawsuit seeks damages for injuries, economic loss, and legal fees. The case highlights industry practices and could have implications for the video game industry's monetization strategies.

Portfolio Pulse from Franca Quarneti

November 10, 2023 | 5:57 pm

Activision Blizzard Inc's (NASDAQ:ATVI) rushed the release of 'Call of Duty: Modern Warfare III' to meet annual sales targets, leading to a tumultuous development process and overtime work for developers. The game, initially planned as an expansion, was turned into a full sequel to fill a gap in the release schedule due to a delay in another Call of Duty title. Despite Activision's denial of the rushed development, over a dozen developers have reported feeling betrayed, as they were promised a more reasonable timeline.

Portfolio Pulse from Franca Quarneti

November 10, 2023 | 5:28 pm

Take-Two Interactive Software Inc's CEO, Strauss Zelnick, expressed optimism about the ongoing negotiations with SAG-AFTRA video game actors, which could potentially impact the release of Grand Theft Auto (GTA) 6. Zelnick assured that Take-Two is 'completely protected' if the negotiations do not result in a favorable agreement. The potential strike could also affect other major gaming companies like Activision Blizzard, Electronic Arts, Sony Group Corp.'s Insomniac, and Warner Bros. Discovery's WB Games. Zelnick also noted that cost-cutting measures implemented earlier in the year exceeded targets, and the company is now in growth mode.

Portfolio Pulse from Franca Quarneti

November 09, 2023 | 8:25 pm

Blizzard Entertainment's boss, Mike Ybarra, expressed optimism about the company's future autonomy following its acquisition by Microsoft Corp. (NASDAQ:MSFT). Ybarra believes the merger will usher in a new era of creative freedom and enhanced ability to serve players. Xbox head Phil Spencer also indicated support for revisiting classic titles from Activision Blizzard, Inc.'s (NASDAQ:ATVI) extensive game library, but clarified Xbox would not mandate it.

Portfolio Pulse from Rounak Jain

November 07, 2023 | 11:58 am

Activision Blizzard Inc (NASDAQ:ATVI) has announced the first expansion for Diablo IV, titled 'Vessel of Hatred,' set to release in late 2024. The expansion will introduce a new character class and a return to the jungle-covered region of Nahantu. The story will revolve around the antagonist, Mephisto, and his plans for Sanctuary after the events of Diablo IV. The new character class, potentially named 'Spiritborn,' is described as a nature-based warrior.

Portfolio Pulse from Franca Quarneti

November 06, 2023 | 7:27 pm

The latest installment of the Call of Duty franchise, 'Call of Duty: Modern Warfare III,' has raised concerns due to its massive file size and a cumbersome download manager. The game occupies over 200GB of storage on PlayStation 5 and Xbox Series X/S, with the new Call of Duty HQ download manager alone taking up around 50GB. Activision Blizzard Inc (NASDAQ:ATVI) attributes the file-size increase to the inclusion of various content. However, the complexity of the launcher has been criticized, making it difficult for casual players to install the campaign or navigate the available content.

Portfolio Pulse from Franca Quarneti

November 05, 2023 | 5:22 pm

Sony Group Corp is releasing a PlayStation 5 Slim Disc Edition - Call of Duty: Modern Warfare III bundle, coinciding with the launch of Modern Warfare 3 on Nov. 10. The bundle is valued at $499, essentially offering the game for free. This is a significant first for the new PS5 model. There are also rumors of a PS5 Slim bundle with Spider-Man 2 for $560. The game is developed by Sledgehammer Games and published by Activision Blizzard Inc.

Portfolio Pulse from Franca Quarneti

November 01, 2023 | 6:47 pm

Microsoft's Q1 results showed a 13% YoY revenue growth to $50.12 billion, with net income rising 27% YoY to $22.29 billion. Azure cloud revenue grew 28%, ending a two-year deceleration streak. The company also reported 1 million paid Copilot users and an increase in Teams users. Microsoft recently completed its $68.7 billion acquisition of Activision Blizzard, which is expected to boost Xbox sales and contribute to AI development.

Portfolio Pulse from Upwallstreet

October 25, 2023 | 6:14 pm

Microsoft Corporation (NASDAQ:MSFT) has reported a 13% quarter-on-quarter revenue growth, largely attributed to the success of Xbox Game Pass, which saw a significant increase in subscribers following the launch of 'Starfield'. Despite a 7% decline in hardware sales, Xbox is experiencing a substantial upswing. Microsoft's acquisition of Activision Blizzard Inc (NASDAQ:ATVI) is expected to further enhance the Game Pass offerings.

Portfolio Pulse from Franca Quarneti

October 25, 2023 | 4:46 pm

Activision Blizzard Inc (NASDAQ:ATVI) has temporarily suspended trading in Diablo 4 due to a new item duplication exploit. This is not the first time such measures have been taken, with a similar exploit leading to a trading suspension in August. Blizzard, now under Microsoft Corporation's (NASDAQ:MSFT) ownership, has warned players against gold and item duplication exploits. Activision Blizzard games won't be available on Game Pass until 2024.

Portfolio Pulse from Franca Quarneti

October 23, 2023 | 5:20 pm

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