So, if popcorn’s for movies–what’s the snack of choice for video games?
TheStreet’s Martin Baccardax explained a theory that he has about the video game industry and the comparisons that can be drawn to Hollywood and movie studios.
On Friday, Jan. 11, Activision Blizzard (ATVI) announced its divorce from Destiny and its development partner, Bungie.
Bungie will take full control of the Destiny game franschise — once the most successful of all time — following the split, with Activision citing an inability to meet targets for return on investment on an earlier earnings conference call. Activision had paid royalties for Destiny, and partly subsidized its development, as part of a reported ten year contract, Baccardax reported.
Activision is Real Money’s stock of the day.
The video game sector was only one of the topics discussed on this week’s episode of Trading Strategies. You can listen to the full episode below:
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