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Activision Announces Call of Duty World Championship Winner
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Evil Geniuses won this year’s Call of Duty: WWII World League Championship, jointly organized by Activision and Sony’s PlayStation4 and development studio, Sledgehammer Games.
The championship, part of a 10-month long series, kicked off on Aug 15 with a prize pool of $1.5 million. The overall season’s prize money of $4.2 million was the highest in the game’s e-sports history.
This year’s Call of Duty (COD) World League Championship was the sixth annual challenge tournament. It is aimed at popularizing the Call of Duty franchise.
Per management, the game witnessed strong viewership as it was broadcast live on Twitter , MLG and Twitch, reflecting growing interest in the game
Notably, COD continues to be one of the top revenue earning games for Activision and the latest edition, Call of Duty: WWII, was the top-selling console video game in 2017 globally.
The launch of Call of Duty: Black Ops 4 will help the Zacks Rank #3 (Hold) stock to take on Electronic Art’s (EA - Free Report) Battlefield V and Take Two Interactive’s (TTWO - Free Report) Red Dead Redemption 2.
Activision is clearly cashing in on the growing e-sports market. Approximately, more than 130 million people follow such tournaments around the world.
Notably, the overall e-sports economy is expected to total $906 million in 2018, up from $696 million in 2017. It has the potential to hit $1.5 billion by 2020 per Newzoo.
Activision’s Overwatch league, which follows a model similar to that of other professional leagues, drew more than 10 million viewers in the opening week of January this year. Additionally, the league, which concluded this July, attracted increased viewership, sponsors and media coverage, translating into an expanded user base.
Moreover, the company is all geared up for its 2019 league as it now has two new teams from the United States and China.
We believe that the growing popularity of its popular franchises, Overwatch and COD, coupled with increasing viewership is expected to translate into higher revenues, helping Activision stand out among its peers.
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Activision Announces Call of Duty World Championship Winner
Evil Geniuses won this year’s Call of Duty: WWII World League Championship, jointly organized by Activision and Sony’s PlayStation4 and development studio, Sledgehammer Games.
The championship, part of a 10-month long series, kicked off on Aug 15 with a prize pool of $1.5 million. The overall season’s prize money of $4.2 million was the highest in the game’s e-sports history.
This year’s Call of Duty (COD) World League Championship was the sixth annual challenge tournament. It is aimed at popularizing the Call of Duty franchise.
Per management, the game witnessed strong viewership as it was broadcast live on Twitter , MLG and Twitch, reflecting growing interest in the game
Notably, COD continues to be one of the top revenue earning games for Activision and the latest edition, Call of Duty: WWII, was the top-selling console video game in 2017 globally.
The launch of Call of Duty: Black Ops 4 will help the Zacks Rank #3 (Hold) stock to take on Electronic Art’s (EA - Free Report) Battlefield V and Take Two Interactive’s (TTWO - Free Report) Red Dead Redemption 2.
Activision Blizzard, Inc Revenue (TTM)
Activision Blizzard, Inc Revenue (TTM) | Activision Blizzard, Inc Quote
E-sports – A Tailwind
Activision is clearly cashing in on the growing e-sports market. Approximately, more than 130 million people follow such tournaments around the world.
Notably, the overall e-sports economy is expected to total $906 million in 2018, up from $696 million in 2017. It has the potential to hit $1.5 billion by 2020 per Newzoo.
Activision’s Overwatch league, which follows a model similar to that of other professional leagues, drew more than 10 million viewers in the opening week of January this year. Additionally, the league, which concluded this July, attracted increased viewership, sponsors and media coverage, translating into an expanded user base.
Moreover, the company is all geared up for its 2019 league as it now has two new teams from the United States and China.
We believe that the growing popularity of its popular franchises, Overwatch and COD, coupled with increasing viewership is expected to translate into higher revenues, helping Activision stand out among its peers.
You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>