Bungie’s departure from Activision Blizzard has prompted multiple lawsuits against the embattled publisher. Investors believe they’ve been misled when it came to the future of the Destiny franchise.
As Bungie prepares to go out on its own and publish its own titles, the Destiney franchise will go with. Activision Blizzard, it seems, might have withheld this valuable information. The firms Rosen Law and Schall Law are representing a slew of investors in the class action lawsuit. Those who invested in the company from August 2nd, 2018 to January 10th, 2019 are joining in on the suite.
Bungie’s answer to the Halo series was Destiney after they parted ways with Microsoft. Although never reaching the heights of the Master Chief, Destiney still proved to be a solid winner for the company and fans. Destiny 2, however, has been marred in controversy. The shooter is arguably a great successor, but it has come at a high cost. Players are up in arms with the overbearing amount of in-game transactions. These microtransactions have a very negative pay to play connotation. Fan outrage and social media protests have reached a fever pitch since the release.
Activision Blizzard’s stock has had a tumultuous time as of late. The company has been accused of mishandling the beloved Diablo series and several key executives have been fired or quit. Bungie will soon go it alone, and Activision will do all it can to fend off these lawsuits. If they lose this case, not only would it mean a loss of investors, but it could set a precedent which other companies need to take notice of.
Activision Blizzard’s stock price is down twenty-two cents today to $47.05 a share. The loss of Destiny and impending legal turmoil won’t help the company’s fortunes. Let us know in the comments below what you think of Bungie leaving Activision Blizzard and if the future of Destiney is now in better hands.