Reasons Why Bungie Splits With Activision, the game studio behind Destiny

Reasons Why Bungie Splits With Activision, the game studio behind Destiny
January 11
01:05 2019

I know many will be left with question like why did Bungie Splits with Activison o why is Bungie leaving Activisoin, i will explain in details below what i think could be their reason for splitting off from Activision.

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Video games publisher Activision saw its stock fall around 7 percent in after-market hours on Thursday from a closing price of $51.35 below $48.

The game publisher split with Bungie, the studio that developed Destiny, one of its popular game franchises.

While Activision is best-known for its success with Call of Duty and World of Warcraft, its dominance was challenged by competitors in 2018, including Epic’s wildly popular Fortnite.

According to an online sources, Video games publisher Activision saw its stock fall around 7 percent in after-market hours on Thursday after the company announced a split from game studio Bungie, which developed the online only Destiny game franchise.

In Destiny, a first-person shooter online game, players protect the Earth from an alien takeover. Activision has agreed to transfer all publishing rights for Destiny back to Bungie.

Activision is also defending itself this week against accusations of a former employee who says he was bullied and experienced discrimination during his tenure there, Variety reported. And it has shuffled executives, after losing its chief financial officer, Spencer Neumann, to Netflix.

Activision’s stock closed at $51.35 on Thursday, but fell below $48 in after-market trading following the announcement about its split with Bungie.

The dip extends a negative trend for Activision from the fourth-quarter of 2018 into the new year. Best-known as the publisher of Call of Duty and World of Warcraft, Activision’s shares performed poorly in the last quarter of 2018 as competitors, especially Epic’s Fortnite franchise, attracted massive audiences, and the market, overall, grew rocky.

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David Chris

David Chris

David Chris is writer and a staff at Ngyab.com. He is also an internet guru who who loves reading and making new friends

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