Despite strong Call of Duty propaganda Activision Blizzard and their CEO missed revenue estimates and when this happens Wall Street will turn on your company real quick as Bobby Kotick just witnessed. The interest for this company's earnings for the fourth fiscal quarter ended December 31 draw hordes of watchers, as Activision Blizzard is the largest independent video game publisher in the U.S., and its results are a bellwether for the $91 billion global game which mostly consists of shooting mass slaughter type of gaming. The stock price and outlook for Activision Blizard is gloomy despite the amount of free-wheeling and spending in acquisitions this company has committed itself and required debt to get such a large membership gaming achievement. Bobby Kotick is still optimistic as he says "our expected closing of the acquisition of King Digital later this month, we will have the largest game network in the world, with over 500 million users playing our games every month,” said Bobby Kotick, the chief executive of the Santa Monica, California-based company, in a statement.
“Our entertainment franchises, including Call of Duty, World of Warcraft and soon Candy Crush, will reach people on mobile, console and desktop devices in almost every country in the world. This gives us the opportunity to engage our global audiences and create revenue streams from content and services. of course Bobby Kotick is just following the same corporate example of bullshit of suppose growth by borrowing free money to buy out others into early retirement. Robert Kotick was late getting into mobile gaming and is a fool for buying these declining Candy Crush games and others from these companies as their performance with the public has already waned and not likely to concur subscription rates for games that were mostly free to begin with. Activision’s best-known game franchises — Call of Duty, World of Warcraft, Skylanders and Destiny — are played on consoles and PCs, and in most cases they are sold for $30 to $60 each and tis has been the bread and butter that propelled Kotick with so much money and rejuvenated Activision and their brand
. Kotick has been lucky thus far in the world of gaming and milking it extracting as much money as he can from the drilling og the zombie teenage consumer. however mobile will be one rig that will not wok that well.
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