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Activision CEO: Destiny will be bestselling new franchise ever

Bungie, the development house behind the Halo franchise, might have a hugely successful follow-up ready to go this year, said Activision CEO Bobby Kotick.

Speaking to investors in an earnings call on Thursday, Kotick said that he believes Destiny, Bungie's new franchise, could be his company's "next billion dollar franchise." The high expectations continued, as Kotick said that he believes "Destiny will become the bestselling new video game [franchise] in history" when it hits store shelves later this year.

Bungie has had an odd history. The company created the Halo franchise and was quickly … Read more

Activision stock buyout allowed, sans shareholder vote

Activision Blizzard, publisher of Call of Duty and World of Warcraft, has won a key ruling in its bid to buy out Vivendi's share in the game company.

The Delaware Supreme Court ruled on Thursday that Activision Blizzard could commence the $5.83 billion stock-buyback plan it announced earlier this year without first getting approval from shareholders. According to Bloomberg, which was first to report on the ruling, Chief Justice Myron Steele determined that a shareholder vote was not necessary, since the deal "is not a merger, business combination, or similar transaction."

Vivendi's divestment in the … Read more

Vivendi, Activision Blizzard deal held up for shareholder vote

Vivendi's split from Activision Blizzard might not be as simple as the company had hoped.

A Delaware court earlier this week ruled that Vivendi's $8.2 billion divestiture in Activision Blizzard could not be completed until shareholders get a chance to vote on the transaction. That means that Activision Blizzard shareholders will have a say in whether Vivendi should be allowed to leave the company with its cash in hand.

Vivendi and Activision Blizzard have entered into an agreement in which the former would sell off nearly all of its shares back to the game-maker for $5.9 … Read more

Activision to sell Call of Duty: Ghosts PS4 upgrade for $10

Game publisher Activision is giving an upgrade path to gamers who want to pick up Call of Duty: Ghosts on older consoles.

Activision on Tuesday announced that gamers who pick up a copy of its upcoming Call of Duty: Ghost for the PlayStation 3 will be able to "upgrade" that title to a PlayStation 4 version for $10 more. Ghosts will hit store shelves on older consoles on November 5. The title will be available on the PlayStation 4 and Xbox One later this year.

Activision's announcement comes after GameStop announced earlier this month that it will … Read more

Activision to spend billions to buy back Vivendi stake

Activision Blizzard, publisher of Call of Duty and World of Warcraft, is spending $5.83 billion to buy back roughly 429 million shares from majority shareholder Vivendi.

Activision announced Friday that it will acquire the shares for $13.60 each. In addition, ASAC II, led by Activision CEO Bobby Kotick and Co-Chairman Brian Kelly, will conduct a separate transaction to purchase another 172 million Activision shares for $2.34 billion.

Under the agreement, Vivendi will no longer be a majority shareholder but will retain 12 percent ownership -- a drop from 61.1 percent. ASAC II will own a stake … Read more

Game developers: Nintendo's Wii U is a 'disappointment'

Nintendo's Wii U is in developer crosshairs after a less-than-stellar start.

Speaking to GamesIndustry.biz in an interview published on Monday, Electronic Arts COO Peter Moore confirmed that his company -- one of the largest in the gaming industry -- has no games currently in development for the Wii U.

"We were there with four games for them [at launch]," he said in the interview. "It's been a disappointment when you look at sell-through and, as a company, we have to be very judicious where we deploy our resources."

Nintendo has been loath to … Read more

Diablo III looks ready to rock the living room

The PlayStation version of Diablo III appears ready to hack 'n' slash its way into living rooms.

Game maker Blizzard Entertainment showed off a new trailer and let gamers play the game at the PAX East conference taking place in Boston this weekend. While there's nothing too surprising about the footage shown, it's clear there are a few tweaks here and there to make things easier and faster for someone using a Dualshock controller.

Blizzard didn't comment or show off any footage of Diablo 3 for PlayStation 4, nor did it reveal the release date for the PS3 version. Interestingly, a company representative at the expo told Penny Arcade Report that the game isn't a PlayStation exclusive, but kept mum on an official announcement. Could Diablo III be in the works for the Xbox 360 and/or Wii U?… Read more

Bungie's Destiny to arrive on PS3 and PS4

Bungie, the creator of video-game franchise Halo, unveiled today that it is bringing its next project to Sony's consoles.

The new first-person shooting game, called Destiny, is coming to PlayStation 3 and the newly unveiled PlayStation 4, the team from Bungie said onstage at Sony's PS4 event today in New York.

Activision, which is publishing Destiny, characterizes the game as the first "shared world shooter" game, and the Bungie team said there will be exclusive content for the PlayStation community.

There was no mention of when the game will be available, but it's speculated that … Read more

The making of Bungie's Halo successor: Destiny

BELLEVUE, Wash.--Halo, the multibillion-dollar-grossing video game franchise, set an incredibly high bar for its creator, Bungie, to meet with its next title.

"After Halo, a bunch of us thought, 'What comes next?'" Bungie co-founder Jason Jones told a group of journalists visiting Bungie's Bellevue, Wash., headquarters Wednesday.

Jones and Bungie's leadership, who sold the company to Microsoft in 2000 and then spun it out of the software giant in 2007, wanted to find a project worthy of the groundbreaking work in Halo. They wanted to come up with not just a new game, but a … Read more

Activision 'somewhat disappointed' with Wii U launch

Nintendo investors aren't the only ones bummed by Wii U's uptake.

Speaking yesterday during an earnings call with investors, Activision Blizzard CEO Robert Kotick said he was "somewhat disappointed with the launch of the Wii U." That dagger came just minutes after Kotick acknowledged that his company faced "challenges from slower-than-expected adoption of the Wii U."

It's no secret that the Wii U has faced some trouble since its release in November. Last month, Nintendo released its earnings for the nine-month period that ended December 31 and revealed that the company mustered only … Read more