Brief:
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Activision Blizzard, the video game company behind hits like “Call of Duty” and “Overwatch,” plans a major expansion into mobile gaming as people spend more time playing games on their smartphones. The company plans to bring “all our franchise to mobile over time,” Daniel Alegre, president and chief operating officer of Activision Blizzard, said in a conference call with investors.
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“Call of Duty: Mobile” has been downloaded more than 300 million times worldwide since its October 2019 release and was the highest-grossing game in U.S. app stores, Rob Kostich, president of the company’s Activision unit, said during the call. More than 50 million people in China have pre-registered for the game, which is in the final stage of testing in the country, he said.
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The company forecast that fourth-quarter revenue will exceed $2 billion, which would bring…
