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Stock Market & Financial Investment News

News Breaks
November 16, 2012
08:05 EDTATVIActivision says Call Of Duty: Black Ops II sales over $500M in first 24 hours
Activision Publishing, a wholly owned subsidiary of Activision Blizzard, announced Call of Duty: Black Ops II has achieved an estimated sell-through of more than $500M worldwide in the first 24 hours of its release, according to Chart-Track, retail customer sell-through information and internal company estimates. The company said "With first day sales of over half a billion dollars worldwide, we believe Call of Duty is the biggest entertainment launch of the year for the fourth year in a row...Given the challenged macro-economic environment, we remain cautious about the balance of 2012 and 2013."
News For ATVI From The Last 14 Days
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November 24, 2014
08:12 EDTATVIActivision Blizzard model may lead to margin expansion, says Brean Capital
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November 21, 2014
07:37 EDTATVIActivision Blizzard Q4 likely tracking ahead of guidance, says Pacific Crest
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November 20, 2014
11:04 EDTATVIActivision game sales make Q4 estimates look conservative, says Piper Jaffray
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November 19, 2014
17:05 EDTATVIActivision Blizzard's World of Warcraft game surpasses 10M subscribers
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16:42 EDTATVIActivision Blizzard to receive $275M in settlement
Activision Blizzard (ATVI) announced that an agreement has been reached to settle the consolidated derivative and class action shareholder case stemming from the October 2013 purchase by the company and an investor group of 88% of Vivendi SA’s (VIVHY) shares in the company. The settlement is subject to completion of appropriate documentation and approval by the Delaware Chancery Court. Multiple insurance companies, along with various defendants, will pay Activision Blizzard $275M. The company believes the settlement, which acknowledges no wrongdoing by any party, is in the interest of all stakeholders. The board stated: “The transaction, structured through the efforts and significant personal investment of Bobby Kotick and Brian Kelly, has contributed to the creation of over $3B of value for shareholders. We are pleased to be able to put this matter to rest.” Other terms of the settlement include the addition of two unaffiliated company directors, payment of reasonable and customary fees and costs of plaintiff’s attorneys by the Company, an adjustment of voting rights and a global release of all claims against the defendants. The October 2013 transaction was approved by Vivendi SA and the company’s board following a recommendation of a Special Committee of independent directors formed by the board to negotiate the transaction on behalf of the company.
November 14, 2014
09:05 EDTATVINPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
05:52 EDTATVIOctober NPD video game software sales fell 27%, says Piper Jaffray
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November 12, 2014
14:42 EDTATVIActivision Blizzard management to meet with MKM Partners
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