290°

Activision investors call for third-party investigation into Bungie split

Although Activision’s split with Bungie was largely welcomed by the Destiny community, company inves

Fist4achin2559d ago

Im sure Activision took a blow with their recent news of their partnership with Bungi coming to an end, but the investors arent realizing the general roller coaster of a market we are currently experiencing.

Godmars2902558d ago

They aren't aware of anything but making money, and not making money. Activiision told them that gaming represented unlimited earning potential, so things like this only shake that empty promise.

PoSTedUP2558d ago

yeah the Investors arent realizing the current state of the market...

market does great--> fed raises rates--> 10 minutes later market drops 700 points. its their roller coaster. think its about time we audit the federal reserve. theyve raised rates more times in the last year, with a lower inflation percentage, than they have in almost a decade with a higher and ever-growing inflation percentage. it can only mean one thing: that the earth is flat. O_o

PapaBop2558d ago

Well they only had their earnings call just over two months ago. I can't imagine Bungie's desire to leave happened over night. I imagine the investors feel cheated because they'd expect to be notified of such an important development in advance and not find out when their stock drops 9% over night. Not going to do the math but that's a LOT of money for those with big investments in the company, I'd be pissed too if I lost millions without so much as a warning.

2558d ago
Sirk7x2558d ago

If they actually knew about what they were investing in, they would have pulled out. I had money in gaming ETFs, and moved my investments months ago, because I saw AAA companies were about to tank.

rainslacker2557d ago

@Gumby

Activision would have released potential earnings reports, which would have to include any potential or known split from Bungie. However, if there was nothing at the time to say Bungie was for sure going to split, they wouldn't be obligated to change those numbers.

However, if the departure was known sometime after, it is considered responsible to update projected revenue and profit potential, but I don't know if it's actually required. But an almost 10% differential is pretty significant.

You are right about the insider trading part though. Any changes to the potential revenues would have to be a statement not pertaining to the reasons why, and can be left vague if there is potential legal things in the works.

Rude-ro2558d ago

They are investigating any insider trading due to the split. Who knew, who had invested interest, and who sold according to the knowledge. Could be the suits of activision. Could be the higher up with bungie. That is the gist of the investigation.

rainslacker2557d ago

I would think that Activision would have to agree with the split if they fronted so much money for the game. Bungie likely wouldn't have been just able to leave without it being a mutual departure, or Bungie paying to get out of the contract. Things like this aren't just some random understanding, but well detailed contracts detailing what is acceptable for both parties to do, or not do.

If Bungie and Activision met their contractual obligations, i don't really see why any investigation is warranted. Unless some of the investors know more than we do. Bungie itself hasn't gone into great detail, so maybe this wasn't an amicable departure like when Bungie left MS.

+ Show (2) more repliesLast reply 2557d ago
BenRoxio2558d ago

yeah, poor investors want their cash cow back.

XiNatsuDragnel2558d ago

Burn Activision burn rn since you guys brought this upon yourselves

Donnie812558d ago

I’m sure behind the scenes this was messy

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60°

Rockstar launches official marketplace for mods

Rockstar has launched an official marketplace for "every server and every player" to buy mods: Cfx Marketplace.

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gamesindustry.biz
Christopher2d ago (Edited 2d ago )

I wonder how much of this isn't just taken work of others who have modded for free.

Edit: Also, great way for R* to take popular ideas and build them into GTAVI based on demand.

fr0sty9h ago

What I see happening here is, R* is going to ban mods in GTA6 UNLESS you buy them from the marketplace and R* then gets a cut of that sale.

ActualWhiteMan12h ago

Ah, perfect timing with them taking down the Bully online fan mod. Greedy a$$ company.

Christopher9h ago

It's okay as long as they get a cut of the money.

fr0sty9h ago

Expect R* to force it on you.

Snookies123h ago

Yep, right there with you. I'll happily donate to a mod creator if it looks really cool, or if I enjoy it. But expecting payment up front? Nope, not touching it.

IanTH9h ago(Edited 9h ago)

I'm not entirely sure how to read this, as it doesn't seem exactly like an exact parallel to Bethesda's paid mods shenanigans.

Rather than single player stuff, this appears to be aimed solely on Cfx Servers. From what I've gleaned, apparently Rockstar bought the Cfx mod team several years ago, coming a few years after weird contentions led them to ban a few of their members. Ultimately, the question is if they plan to keep this contained to only online/servers.

I have to guess to a degree yes. It'd be pretty hard to "force" paid mods for single player when modding files locally on your own machine, but much easier for servers they'll control. So perhaps this is their soft launch ahead of GTA6 online and they'll clamp down more tightly on non-official servers going forward? Ever since they've become a 1 or 2 property studio, I haven't really cared much for Rockstar stuff, so I'm not entirely up on everything surrounding this. Sounds like it has the potential to be problematic further down the line, but right now fairly easy to ignore...I think lol.

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50°

Kotick claims lawsuit objecting to MS-Activision deal was "tied to Embracer's desire to boost sales"

Former CEO describes lawsuit filed by Swedish pension fund as a "collateral attack" on Activision Blizzard.

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gamesindustry.biz
OpenGL1d 6h ago

Yeah, the Microsoft deal has DEFINITELY worked out for everyone.

galgor1d 3h ago

Can this mother fucker just get lost already

PRIMORDUS1d 2h ago

He belongs in here ⚰️, hopefully sooner than later.

MrDead11h ago(Edited 11h ago)

Kotick Made $155 million from MS in the buyout, the little b*tch needs to stop whining. Thanks to this Microslop deal and massive industry consolidation thousands upon thousands of devs and other workers lost their livelihoods. This greedy piggie pervert needs shut up and f-off.

40°

An Update to Our Shared Commitment to Safer Gaming

Discover how Sony Interactive Entertainment, Nintendo, and Microsoft continue to collaborate to improve player safety across our platforms.

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sonyinteractive.com