Activision Blizzard Inc

Robyn Beck | Afp | Getty ImagesI'm calling it. The Streaming Wars are over. 2019-2023. RIP.The race between the biggest media and entertainment companies to add streaming subscribers, knowing consumers will only pay for a limited number of them, is finished. Sure, the participants are still running. They're just not trying to win anymore.Disney announced its flagship streaming service, Disney+, lost 4 million subscribers during the first three months of the year, dropping the company's total streaming subscribers to 157.8…

Image: Sergei Elagin (Shutterstock)Activision Blizzard Inc. has agreed to pay out a $35 million settlement for allegations that it violated workers’ rights by failing to maintain “adequate” workplace harassment protocols and violated federal whistleblower protection rights, the Securities and Exchange Commission (SEC) said in a press release on Friday.The SEC found between 2016 and 2021 that Activision Blizzard, a game development and publishing company, had required former employees who received an information request…

CNBC's Jim Cramer on Thursday warned investors not to pick up beaten-up shares of video game companies like Activision Blizzard and Take-Two Interactive Software just yet."I'm not saying they're done going down at this point — I definitely think they have more downside — but at some point they'll be cheap enough to be worth buying. It's just that we aren't there yet," he said.Some of the other names to keep an eye on include Sony, AMD, Microsoft and Nvidia, according to Cramer.Video game companies saw their stocks…

Andrew Ross Sorkin speaks with Netflix founder and Co-CEO Reed Hastings during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City.Michael M. Santiago | Getty ImagesBack by popular demand (OK, fine, I just wanted to do this again), I asked a bunch of past and present media and entertainment executives to give me one significant and/or surprising industry prediction for 2023.I did this last year, too, and a few came true, or at least partially true. Bob…

Microsoft 's (MSFT) nearly $69 billion cash offer to buy video game giant Activision Blizzard (ATVI) has been under tremendous scrutiny since it was first announced back in January. But at least one Wall Street research firm says it's highly likely that the deal will be completed in the near future. We tend to agree. While Club holding Microsoft would shell out a big premium for ATVI shares based on current market prices, the tech giant was always prepared to pay up for what Activision Blizzard's popular games such as…

Check out the companies making headlines before the bell:Activision Blizzard (ATVI) – Activision Blizzard slid 3.3% in premarket trading after Politico reported the Federal Trade Commission is likely to sue to block Microsoft's $69 billion purchase of the videogame publisher.Tesla (TSLA) – Tesla said its Full Self Driving Beta software is now available to everyone in North America. The announcement comes as Tesla still awaits regulatory approval for cars to be driven without human control. Tesla rose 2% in premarket…

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022.Dado Ruvic | ReutersCheck out the companies making headlines in midday trading Friday.Apple — Apple's stock shed 2% on Friday after protests occurred at the iPhone maker's major Foxconn supplier in China earlier this week. Analysts and investors have also feared that recent manufacturing shutdowns in the country following a Covid-19 resurgence could dent supply this holiday season.Activision…

Advanced Micro Devices Inc: "We've cut the position back for my Charitable Trust. ... We're happy and content to leave the rest and let it run up $8 today."Medtronic PLC: "I can't recommend it. ... There are many better healthcare stocks out there."Activision Blizzard Inc: "I actually think that Activision Blizzard on its own right, at this point, could be worth what it's selling for. And therefore, I no longer advocate that you should sell it."Disclaimer: Cramer's Charitable Trust owns shares of AMD.Jim Cramer's Guide to…

In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later.Amid the popularity of free-to-play, downloadable games and gaming platforms like "Fortnite," "League of Legends," and Roblox, it's become extremely rare that a high-profile video game is released now without some sort of recurring payment strategy — a far cry from the typical $60 standalone game purchase that dominated the video game industry as recently as less than a decade ago.But as video games have shifted…

Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin's Creed. But analysts said this has effectively closed the door on a full takeover of the company.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesShares of games developer Ubisoft plunged more than 17% on Wednesday after prospects of a full takeover were dampened following a move by Chinese tech giant Tencent to increase its stake in the company.On Tuesday, the two companies announced that Tencent…