Activision Blizzard is working on new intellectual properties
Activision Blizzard is working on new intellectual properties as well as the inevitable sequels: the company announced it during the last meeting with investors, which clearly took place in a climate that is not exactly calm.You will know that Activision Blizzard shareholders are suing the company for hiding the harassment cases, and that the publisher is losing some Overwatch League sponsors for these reasons.
"From a production line perspective, we have big plans for the second half of the year and we look to 2022 thinking about new experiences in franchises like Call of Duty and World of Warcraft, "said COO Daniel Alegre.
" We will also launch several new games on PC, console and mobile under the Blizzard label, with the aim of significantly expanding the breadth and involvement of our catalog. "
" Blizzard productions are doing well, and in particular some of them have been under development for years and are approaching the final stages of processing ", added Alegre, thus confirming that some projects are already ready.
" We are obviously monitoring the impact of recent events that have involved us, but based on what we see now we have a strong line-up for the second half of the year and look forward to 2022 with the intention of launching new products. "
Currently titles in the works include Overwatch 2, several new Warcraft-based mobile games, Diablo Immortal, new content for World of Warcrafft Classic, Diablo 4, a new intellectual property and a new multiplayer base shooter.
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Activision Blizzard Smacked With Another Major Lawsuit
]]>With Activision Blizzard already suffering from the bad publicity brought on by a lawsuit from the State of California and the employee walkout and protest that has followed, the company has been served another lawsuit by its investors.
The lawsuit is being brought on by Rosen Law Firm, the same law firm that was involved in suing CD Projekt Red over the embarrassing launch of Cyberpunk 2020, claims that the CEO of Activision Bobby Kotick as well as CFO Dennis Durkin and former CFO Spencer Neuman made misleading statements about the quality of the company in regards to its hostile work environment for women.
With the stock prices for Activision Blizzard slowly declining, the lawsuit claims that these higher-ups at the company knew of the issues and broke legal obligations by not informing potential investors of them. Essentially, they claim that Activision Blizzard tricked investors into putting their money into the company.
In previous SOX certifications spanning from 2016 to the present, the company had claimed the only lawsuits it expected to face were routine ones involving things like intellectual property rights and tax matters. This lawsuit being far beyond that scope, it is possible that potential investors in the company — which includes anyone that traded Activision Blizzard securities between August 4, 2016 and July 27, 2021 — will be able to collect significant damages.
Source: Kotaku