Activision Announces Better-Than-Expected Results for First Quarter of 2019

The audience at CWL 2018 Five cities have purchased a spot in the upcoming franchised Call of Duty league By Keshav Bhat

Atlanta's team will be owned by Atlanta Esports Ventures, the Dallas team by Envy Gaming, the NY team by Sterling.VC, the Paris team by c0ntact Gaming, and Toronto team by OverActive Media.

TRADEMARK VIOLATION WARNING: "Activision Blizzard (ATVI) Releases FY 2019 Earnings Guidance" was first published by Tech Know Bits and is owned by of Tech Know Bits. The company declared its intention to focus on its core gaming franchises, including CoD, and the pricey franchise deals form a key part of that strategy. The plan is to extend its "franchises to mobile where we build on our existing mobile leadership and extend our acclaimed console and PC franchises to the largest and fastest-growing platform".

The first Overwatch League held its finals at the Barclays Centre in NY past year, selling out the 20,000-seater arena in the process. The second season of the Overwatch League kicked off on February and reported that viewership hours for the second season rose by 30% compared to the first season.

"We are very excited to be a seminal franchise in the new city-based Call of Duty league".

Activision Blizzard, whose subsidiary Activision produces the Call of Duty series, is one of the most successful gaming and entertainment companies in the world.

The new franchises won't see any Call of Duty action until next year because the current World League is already underway. Esports organizations such as OverActive Media's Splyce, OpTic Gaming, and 100 Thieves compete in league play.

However, Chief Financial Officer Dennis Durkin said on a post-earnings call the company does not expect to recognize material revenue and income from Call of Duty esports team sales and new mobile initiatives for Activision or Blizzard this year.

Kotick told investors that city-based leagues foster passion as they grow fan base and subsequently, create value for shareholders. Many details remain unclear, but ESPN's March report on the league stated that franchises would carry a price tag of about $25 million each.



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