Figure is a 'sell-in' number, Activision already cashing in on 10-year deal
Activision Blizzard's $500 million bet on former Halo developer Bungie appears to be paying off after the first day. The company's Destiny launched this Tuesday, bringing in more than $500 million in sales for the Activision-published game. The sales figure that Activision claims makes the game "the biggest new video game franchise launch in history."
Game in decline since 2010, developer hopes barriers are removed in next expansion
It appears that Blizzard Entertainment realizes what the numbers have been saying for years. A designer for World of Warcraft recently admitted that the company is no longer expecting growth in its player base. Player subscriptions have been in decline for the game since it peaked at 12 million in 2010, with only a small rise in 2012 with the release of the Mists of Pandaria expansion.
Iconic developer shut down by Activision in since 2008 seeing movement, details at Gamescom
A gaming studio that once vanished through a series of mergers appears to be undergoing some sort of comeback, as indicated by an update to its website. Sierra Entertainment, a gaming developer and publisher that dates back to the late 1970s, appears to be witnessing a sort of revival. After a silence of nearly six years since the publisher was shut down after coming into possession of Activision Blizzard, a new announcement appears to be coming at Gamescom later this month.
Spiritual successor to Halo most expensive game produced yet
Reuters reports that Activision Blizzard will drop a total of $500 million on the development of Bungie's upcoming game Destiny. The investment makes the game the most expensive video game production to date, surpassing previous cost leaders such as Grand Theft Auto V and Star Wars: Knights of The Old Republic. Activision CEO Bobby Kotick announced the record-setting investment at the Milken Institute conference in Los Angeles at the end of April.
Deal worth well over $8 billion dollars put on hold by shareholder suit
The Delaware Chancery court has issued a ruling on a lawsuit, putting the pending sale of Vivendi's portion of Activision Blizzard back to its founders on hold. Activision is seeking to buy back 429 million shares of itself from Vivendi for $5.83 billion, with chief executive Bobby Kotick and chairman Brian Kelley will each purchase about 172 million shares of Activision stock.
Move will ditch French publisher, leave majority of shares in public hands
Videogame developer and publisher Activision Blizzard announced yesterday that is has reached an agreement for a total of $8.17 billion with French media conglomerate Vivendi, effectively buying itself out of its partnership. Activision Blizzard is contributing $5.83 billion at $13.60 per share, with Blizzard CEO Bobby Kotick and Co-Chairman Brian Kelley purchasing 172 million company shares for $2.34 billion. Following the completion of the transaction, Activision Blizzard will be an independent company again, with the majority of its shares owned by the public.