NEW YORK - The initial reception for a re-launched version of a classic video game points to potential stock price growth of Activision Blizzard Inc, with new titles from key franchises also bolstering the company’s outlook, according to Barron’s.
The U.S. financial newspaper said last Monday’s release of World of Warcraft Classic, a repackaging of the first edition of the online role-playing game that was hugely popular in the 2000s, had created substantial buzz in the video games world. “The business model for World of Warcraft is highly profitable, with a subscription costing $15 a month. If World of Warcraft Classic drives a couple million new subscribers for a few quarters, it would boost the company’s earnings significantly,” Barron’s said.The Santa Monica, California-based video-games maker, which has a market capitalization of $38.8 billion according to data from Refinitiv’s Eikon, has endured a rough few months, compounded by intense competition.
ATVI_AB is preparing to enjoy a boost on account of Warcraft nostalgia. equilarinc notes that CEO of Activision Blizzard Robert Kotick earned $30,841,004 in compensation in 2018. $ATVI execcomp CorpGov Source:
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