Wow, COD: Federal authority examines Activision Blizzard, invites the bosses

Activision Blizzard, Inc. is an American computer game holding company based in Santa Monica, The Golden State. The company was started in July 2008 with the merging of Activision, Inc. (the openly traded moms and dad company of Activision Publishing) and also Vivendi Gamings. The company is traded on the NASDAQ stock market under the ticker symbol ATVI, and considering that 2015 has been just one of the stocks that make up the S&P 500. Activision Blizzard presently includes 5 business systems: Activision Posting, Blizzard Enjoyment, King, Major Organization Video Gaming, as well as Activision Blizzard Studios.The company owns as well as operates additional studios under an independent workshops model under Activision Posting, including Treyarch, Infinity Ward, High Moon Studios, as well as Toys for Bob. Among major copyrights created by Activision Blizzard are Phone Call of Responsibility, Collision Bandicoot, Guitar Hero, Tony Hawk s, Spyro/Skylanders, World of Warcraft, StarCraft, Diablo, Hearthstone, Heroes of the Storm, Overwatch, and Candy Squash Saga. Activision Blizzard s titles have actually damaged a variety of launch records. Since March 2018, it is the largest video game company in the Americas as well as Europe in regards to revenue as well as market capitalization.

The US Stock Market Supervision, the Securities and Exchange Commission (SEC), has initiated an investigation against Activision Blizzard. One wants to determine if the company has communicated the difficult, internal conditions quickly and thoroughly to investors. For this purpose, high-ranking bosses of Activision Blizzard (WOW, Call of Duty, Diablo 3) are preached, even the CEO of Bobby Kotick.

What s going on?

An authority of the state of California has filed a lawsuit against Activision Blizzard in July after determining 2 years against the company. The authority threw Blizzard, there is a culture of sexism, women would pay worse than men and would have been sexually harassed. The lawsuit grew to a scandal who held the stock market value and the reputation of the company. Now the stock market supervision has initiated an investigation: one wants to go to the matter obviously on the ground. For the stock exchange supervision, it is crucial whether the internal problems were communicated quickly and completely to investors. As a listed company, it is the duty to be transparent from Activision Blizzard to be transparent here: each of the money is invested in the company, must be informed about things that can influence the value of the company.

Preditions against high-ranking bosses at Activision Blizzard

This is known about the process now : The Wall Street Journal reports that the SEC has initiated a far-reaching examination against Activision Blizzard. She praised some high-ranking bosses of Activision Blizzard, including CEO Bobby Kotick.

It is said that the SEC also requires the delivery of various documents, including six personnel files of previous employees and records about how Kotick deals with various complaints about sexual harassment and discrimination against Activision Blizzard.

Apparently, the determination is above all about explanating whether Activision Blizzard the complaints against

Discrimination The unequal payment of men and women Harassment in the workplace

correctly and in good time to investors and other persons involved.

Would Blizzard have already informed the public?

How did Blizzard passed on the information because? In the quarterly report by Activision Blizzard Zum Q2 / 2021 is found in the Company Outlook a passage that it could come to difficulties in the next few months. Here the action is then mentioned. Because it is said when Activision Blizzard suffers a longer period of negative attention, that could significantly reduce productivity and have further negative effects. One observes all aspects of business after such implications.

The quarterly report appeared on 3 August.

The question could be whether Activision Blizzard did not have to report investors earlier that an investigation of the authority is running against the company and how serious are some of the charges. Because of this determination, the guide floor has apparently already traded by Activision Blizzard.

Thus, Blizzard has reacted to allegations of sexual harassment in 2020 and fired an important developer at WOW. The Game Director of Wow was apparently released for an incident that was many years back. However, the reasons for dismissal remained under closure in 2020 and became clear now in the objection of the lawsuit.

This seems to be the sticking point of the determination: If Activision Blizzard should have informed the investors already far before, that internal complaints are running internally and even an investigation is in progress - and not only when the scandal was already in the world?

Blizzard says: You have already made important changes

That s what the participants are : From Blizzard it means that you have already made some important changes in order to change the internal processes and behavioral guidelines, so that it is not space for Activision Blizzard for discrimination, harassment or unequal treatment of any kind gives.

Among other things, Activision Blizzard had replaced the boss of Blizzard, J. Allen Brack, through a new man / woman guide duo. In addition, the boss of the Personnel Department has left Blizzard.

The SEC confirms against the Wall Street Journal that it has initiated examinations. Activision Blizzard cooperate with the SEC, it says. The process focuses on the extent to which the company does not reveal the employees and other related topics.

We have dealt intensively on Meinmmo with the topic:

Sexism scandal captures WoW developer Blizzard - what now?