Activision Blizzard shakes in sexual harassment and sexism proceedings, subsidiary president resigns & e-sports league sponsor withdraws & shareholders sue
Activision Blizzard | A Letter From President and Chief Operating Officer Daniel Alegre Regarding Blizzard Entertainment
https://investor.activision.com/news-releases/news-release-details/letter-president-and-chief-operating-officer-daniel-alegre
New Leadership at Blizzard — All News — Blizzard News
https://news.blizzard.com/en-us/blizzard/23706475/new-leadership-at-blizzard
Activision Blizzard's Q2 2021 bookings drop 7% to $ 1.92B | VentureBeat
https://venturebeat.com/2021/08/03/activision-blizzards-q2-2021-bookings-drop-7-to-1-92b/
Activision Blizzard, swaying in a lawsuit on sexual harassment and sexism, has announced its financial results for the second quarter of 2021 (April-June). Sales in the quarter increased 19% year-on-year to $ 2.29 billion. On the other hand, net sales decreased 7% year-on-year to $ 1.92 billion (about 210 billion yen), and the average number of monthly active users for each quarter also decreased 4.6% year-on-year4. There are 808 million people.
At the same time as the financial results report, it was announced that J. Allen Brack, who had been the president of Blizzard Entertainment, a subsidiary of Activision Blizzard, will resign. He was one of the people who was criticized by name in the sexual harassment and sexism proceedings. Black's successors include Jen Oneal and Mike Ibara.
It has been revealed that not only Mr. Black has left Blizzard Entertainment, but also Mr. Jesse Meshuk, who is responsible for the company's global human resources department. In addition, Mr. Meshuk has also deleted his Twitter account.
In addition, it has been revealed that the sponsor has withdrawn from Overwatch in light of the proceedings surrounding Activision Blizzard. The first to withdraw from sponsorship was T-Mobile, a major American mobile carrier. The company has withdrawn from sponsoring the Call of Duty League and Overwatch League e-sports leagues run by Activision Blizzard. Deexerto , who first reported on the withdrawal of sponsorship, said that T-Mobile's name disappeared from the sponsorship section on the official website between July 21st and 31st, 2021.
Blizzard president J. Allen Brack resigns amid lawsuit controversy --Dexerto --Dexerto
https://www.dexerto.com/business/t-mobile-disappears-as-cdl-overwatch-league-sponsor-amid-activision-blizzard-lawsuit-1623566/
Activision Blizzard Is Losing Overwatch Sponsors After Lawsuit
https://kotaku.com/activision-blizzard-is-losing-overwatch-sponsors-after-1847414591
In addition, Activision Blizzard shareholders have filed a proceeding against the company in response to the issue. The proceeding was filed by Gary Chen, who has purchased shares in Activision Blizzard over the past five years. 'The negligent management of Activision Blizzard CEO Bobby Cotic and other executives has caused the company's share price to fall,' he said in a proceeding. Mr. Chen's defense is at Rosen Law Office, which claims to be 'the largest number of securities class action settlements in the United States.'
Activision Blizzard hit by shareholder suit over sex harassment crisis --Polygon
https://www.polygon.com/22607870/activision-blizzard-sex-harassment-shareholder-lawsuit-class-action
Related Posts:
in Game, Posted by logu_ii