$ATVI Shares Tumble on Negative Gamer Sentiment - Market Talk pic.twitter. Whether this was meant to be showcased at BlizzCon 2018 or not, Blizzard insists that it didn’t pull any announcements from the show.
Recent reports (which were later rectified) by Kotaku’s Jason Schreier indicate that a video with Blizzard co-founder Allen Adham discussing the next Diablo was recorded. Blizzard has yet to confirm how the monetization model will work, especially with free updates and the like promised.Ĭowen and Company further stated that a tease for the next big Diablo sequel might have helped Blizzard avoid all these headaches. Of course, we don’t yet know if the mobile title will be free to play or premium. The firm also posited that making money with Diablo Immortal could be difficult, simply because the Western market functions differently in regards to additional payments. Research firm Cowen and Company told investors in a recent note (via GameSpot), “Blizzard severely miscalculated how their fans would respond, which suggests they aren’t in touch with their players as maybe they should be.” While Blizzard did expect some amount of this, it probably didn’t envision shares for Activision Blizzard dropping when the New York Stock Exchange opened yesterday.Īccording to The Wall Street Journal’s Sarah Needleman on Twitter, stock value dropped by roughly 7 percent and closed at $64.34 ( current value is at $64.52). The franchise has such a passionate and overdemanding fan base, that after the studio announced that the long-awaited sequel Diablo Immortal will be. Diablo Immortal for mobile phones was revealed at BlizzCon 2018 and met with a strong amount of backlash. Activision Blizzard reported GAAP revenues of 1.78bn for Q3 2022 down from 2.07bn in the second quarter of 2021. Blizzard Entertainment’s Diablo didn’t have the hottest weekend.
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