Activision Blizzard At the Top of the Entertainment Industry
He is a worldwide interactive entertainment developer, publisher, and distributor. The company was founded in Irvine, California, in 1979. In 2015 the company had net revenues of 4.6 billion dollars and over 4,000 employees globally, with offices worldwide, including Colorado Springs, Austin, Wyoming, and Minneapolis, to name a few. Activision Blizzard is currently ranked as the third largest gaming company by revenue (collectively with King) after Sony Interactive Entertainment and Microsoft Corporation. He is led by CEO Bobby Kotick, who has been with the company for 20+ years. Read on to find out about Activision Blizzard on Crunchbase
In recent news, the company announced that it would be delaying the release of its new Call of Duty game MMO based in a sci-fi world called “Black Ops 4.” The Chinese government has asked Activision Blizzard to suspend its launch in that country until after the 2022 National Games. Several other gaming companies have questioned whether or not the Chinese government forced he to delay its launch due to political reasons. Heresponded to those claims, stating that they fully understand the importance of all games in China and that they had no idea how long their new game would take until they got plenty of feedback from players.
In other news, he announced that it would be acquiring a majority portion of King Digital Entertainment, the makers of Candy Crush Saga, for 5.9 billion dollars. The company underwent an Initial Public Offering (IPO) in March 2014, the same month that he purchased 44% of the company. In mid-2017, the company announced plans to buy back over half its shares from the public markets. This purchase marks Activision Blizzard’s first major acquisition since 2015 when they purchased Major League Gaming’s parent company for 46 million dollars.
Activision Blizzard moved into a new headquarters in 2015 when it split its offices between Irvine and Santa Monica after a merger with king entertainment. The new campus was designed by the same architect who designed Facebook’s headquarters. The new office has over 1,000 employees and is located in Santa Monica, California.