As a leading entertainment franchise globally, Call of Duty delivers cinematic intensity, big moments and stunning visuals. Despite being received much more warmly than the base game, Activision publicly stated that it had been a. The Activision segment develops and publishes interactive software products and entertainment content, particularly for the console platform. Great entertainment starts with great people. Investors were seemingly spooked at the idea of Activision Blizzard losing a revenue-contributor.
We'll continue to deliver on the existing Destiny roadmap, and we're looking forward to releasing more seasonal experiences in the coming months, as well as surprising our community with some exciting announcements about what lies beyond. Rest assured there is more of that on the way. That leaves a decent-sized hole in Activision's portfolio of games. The news was released after the stock market closed, so it'll be intriguing to watch the share price tomorrow when the market opens. Can't over-emphasize how happy they are not just to get away from Activision, but to have a game that they now own completely.
Though the split from Bungie seems to be amicable, many Destiny fans and even other of Bungie operating apart from Activision. So it's no surprise, then, that Activision Blizzard's stock price dropped dramatically after the news was made public. But it seems like Activision Blizzard really has a creative problem on their hands right now. But not every deal it seals is a winner: Last week, it announced that it was transferring the rights to the Destiny video game franchise back to its creator, Bungie, and that the two companies will end their 10-year partnership agreement early. Expect this to continue fluctuating throughout the day. Hill: It wasn't that great, but apparently -- Gross: It's no Asteroids.
It also owns Candy Crush Saga studio. Bush: I think some of that is overrated. But, as soon as they started operating, it was pretty much a struggle right out of the gate. Try taking on this team of Wall Street analysts. The recurring theme from most of these comments from analysts cutting their price targets and even from analysts like Blair, and Morgan Stanley as well, who didn't , is that Activision's decision to cut ties with Bungie increases uncertainty about Activision Blizzard's growth outlook.
Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. It'll take time for Activision to fill that void, but I do think that they will. I think that we're seeing that with the Blizzard side of Activision, too, in some ways. An Activision Blizzard spokeswoman declined to comment beyond the filing. For more on the big Destiny news, check out the stories linked below. While it's difficult to separate decisions made by Bungie versus Activision, some players worried that the latter's influence on the game had resulted in the heavy push of Eververse. If we fast-forward all these years through today, Bungie has now made two Destiny games with expansions.
Bond quotes are updated in real-time. Square stock is up more than 1% in after-hours trading. In early November, she quarterly forecasts and said that she was not satisfied with sales of Destiny 2: Forsaken, and a few weeks later the media on a reshuffle in Blizzard, which did not release any full-fledged new game in 2018. Like Piper, KeyBanc expressed concerns about Activision's pipeline in the near term. At the same time, most analysts remain optimistic about the stock, and generally agree that Activision will ultimately power through these changes, reallocating money that would otherwise have gone to developing, promoting, and supporting the Destiny franchise to other games, which might have better growth prospects. Comment by Anshinritsumai on 2019-01-10T15:21:34-06:00 Am I the only one hoping that Blizzard does the same and goes back to being a company for making great games that the consumer wants rather than everything being an activision money-grab? Copyright 2019 FactSet Research Systems Inc.
The Motley Fool recommends Electronic Arts. Experience the ultimate adventure with the Skylanders as you explore Skylands in search of the escaped villains! © 2018 Activision Publishing, Inc. Recent reports, including the and one from in December, suggest that the company is attempting to cut costs. Real-time last sale data for U. What it all means to investors So what's the big story here for investors in Activision? In this segment of the podcast, host Chris Hill and senior analysts Andy Cross, Aaron Bush, and Ron Gross talk about how the two companies got to this point, what conditions are like in the video game industry, and more.
The deal was that they'd launch four Destiny games with expansions. Players progress through a colorful candy world with over 1000 levels, each offering a different puzzle challenge. Still, in the near term, investors need to be careful. They'll just reinvest in making new franchises. Bungie announced a new 10-year partnership with Activision.
What I didn't see happening was that they'd also take the rights to Destiny. Comment by TradeprinceKhan on 2019-01-10T15:21:30-06:00 Blizzard needs to leave Activision. We had a vision for Destiny that we believed in, but to launch a game of that magnitude, we needed the support of an established publishing partner. I think they need to be careful on how this plays out, but it's not 100% their fault. There is no active lawsuit and Pomerantz is merely trying to grab investors for a potential class action. He is now president of Activision.