Archive for the ‘Industry’ Category

Activision Blizzard Is Drowning in Cash

Thursday, May 7th, 2009

Activision Blizzard announced that first quarter earnings topped initial estimates coming in at $981 million in revenue. CEO Bobby Kotik said “Our better-than-expected first quarter results were driven by strong global consumer response to the Call of Duty and Guitar Hero franchises and Blizzard Entertainment’s World of Warcraft , despite challenging economic times”. Challenging economic times?

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Activision Blizzard Is Drowning in Cash