Market

Activision Says Modern Warfare 2 Hits Record Sales Numbers

Published

10 months ago

November 8, 2022

Anthony DiMoro

Activision says that Call of Duty Modern Warfare 2 has sold through more than $1 billion in its first ten days, a new record for the series beating out the 2012 release of Call of Duty: Black Ops 2, which clocked $1 billion in 15 days.

Furthermore, Activision claims Modern Warfare 2 is the “highest grossing entertainment opening of 2022”, according to the report.

The newest records build on Modern Warfare II’s momentum:

Modern Warfare II is the highest grossing entertainment opening of 2022.
Modern Warfare II is the #1 top selling opening in franchise history topping $800 million in sell-through following its first three days of release.
On November 16, the run continues with the release of Call of Duty: Warzone^™ 2.0.

“Our developers, along with our entire Activision Blizzard team, are the backbone of our unwavering commitment to serve our hundreds of millions of players around the world. I am so proud of the extraordinary efforts from our Call of Duty teams and the records they have achieved with Modern Warfare II. Connecting the world through joy, fun and the thrill of competition is the key to our success. Modern Warfare II has provided this to millions of players faster and with greater satisfaction than ever before,” said Bobby Kotick, CEO, Activision Blizzard.

“The incredible momentum driving Modern Warfare II is a direct reflection of the energy and passion of the Call of Duty community,” said Johanna Faries, General Manager, Call of Duty. “As we look ahead to an unprecedented level of support for Modern Warfare II and Warzone 2.0’s launch next week, we are motivated to deliver again for the best player community in the world.”

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Market

Xbox Q2 Revenue Dips 13%, Game Pass Continues Growth

Published

8 months ago

January 25, 2023

Anthony DiMoro

Microsoft has reported declines in Xbox revenue during the three months ended December 31, 2022 with gaming revenues were down 13% and Xbox content and services revenues down 12%, but were offset by the growth of Xbox Game Pass.

The Xbox Game Pass subscription business has reported a record number of active players, reporting a record 120 million monthly active users across its gaming ecosystem.

Revenue: $52.7 billion (up 2% year-on-year)
Net income: $16.4 billion (down 12%)
Operating income: $20.4 billion (down 8%)

More Personal Computing (incl. Xbox) revenue: $14.2 million (down 19%)
Gaming revenue: Down 13%
Xbox content and services revenue: Down 12%
Xbox hardware revenue: Down 13%
Monthly active users (gaming): 120 million

The company said that a number of the declines were in line with expectations.

Console

Microsoft Gauging Interest in Xbox Game Pass Ad-Supported Tier

Published

9 months ago

December 20, 2022

Anthony DiMoro

Microsoft is reportedly gauging interest for an Xbox Game Pass ad-supported tier subscription with a new user survey exploring the potential addition of a $3 subscription tier that would provide more features and benefits.

According to Windows Central, the survey suggested that a potential $3 subscription tier offering come with features, such as allowing users to play new first-party Xbox titles six months after launch, and would include Xbox’s slate of exclusive titles as well.

Multiplayer and EA Access games would also be accessible in this new potential tier offering.

With Game Pass reportedly falling short of it’s target in growth, back in October, it makes sense that they are exploring new tier offerings.

Business

Riot Games Files Motion to End Deal with FTX

Published

9 months ago

December 20, 2022

Anthony DiMoro

Riot Games, the company behind such titles as League of Legends and Valorant, has filed a motion to end its deal with cryptocurrency company FTX following the epic collapse of the market, and FTX folding.

According to researcher Molly White via Twitter, the company attributed the decision to FTX’s filing for bankruptcy.

“There is simply no way for FTX to cure the reputational harm already caused to Riot as a result of the highly public disrepute wrought by the debacle preceding FTX’s bankruptcy filing. FTX cannot turn back the clock and undo the damage inflicted on Riot in the wake of its collapse,” Riot Games said, reportedly.

The two sides initially partnered up via an advertising deal in 2021 which would see Riot Games promote FTX’s brand in connection with its esports circuit, the League of Legends Championship series.

FTX owed Riot $12.5 million but so far has only covered $6.2 million of that balance during 2022, and in 2023 FTX would need to pay $12,875,000, with payments continuing to grow until the year 2028.

Riot Games also noted their criticism of the fall of FTX and arrest of FTX founder Sam Bankman-Fried as among the reasons that they decided to end the deal.