That content can help power Microsoft's subscription strategy around Game Pass, a pay-monthly service that allows users to access a library of games across different devices. It is a rival to Sony's"PlayStation Plus" and"PlayStation Now" services.
But investors fear Microsoft could take those games off of PlayStation's platforms, giving the U.S. company more attractive content to rival Sony. "Whether or not Activision Blizzard's content is progressively made exclusive to Xbox platforms and services, inclusion of new releases into Xbox Game Pass for several major games franchises, including Call of Duty, will undermine Sony's third-party business. Sony has benefitted from the ability to negotiate timed exclusive content for Call of Duty but this is now under threat.
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