Look… if you understand anything about markets yet alone investments the many of you who are blaming a declined stock on the lack of HGC news are clueless…
Blizzard Stock is currently at $47.88 a share… down from it’s 52 week high of $84.68… this actually makes Blizzard a quite attractive position to purchase right now. Much of the sell off has been institutional owners as part of a larger market sell off (Institutional owner Holdings 90.87%) … (not some upset individual investors over Diablo mobile) (https:// www. nasdaq .com/symbol/atvi/ownership-summary)
In fact 2 years ago to this day the stock was trading around $36 a share which is 11% lower than it is today.
HGC will be around in 2019 be it under a different format maybe but just look at blizzard careers page they are hiring for two key roles for hots which means they aren’t giving up on development of the game.
Honestly, if blizzard decide to cut down HGC spending, so we can continue having quality content patches like we had this year for the next year, I don’t think it will be seen as a bad decision. An unfortunate one, but not a bad one.
I mean a year ago, we have been told that content was going to be reduce this year. It has, but nobody made such a big deal with it.
Hots Reddit is in drama mode this past week. There was the ptr xp changes and now the silence of blizzard about next year HGC season
With how their PR is going, I don’t trust buying stocks even after the price drops, it’s not a safe investment and I shouldn’t trust a trend of going up when there are a ton of other factors.
However stocks dropping in price right after their announcement at blizzcon about diablo immortal is more than just a coincidence, even after their damage control coverup on saying they pulled diablo 4 at the last minute from being revealed (obviously a lie) so if this trend of bad PR continues, it’s going to be in the same boat as EA and their PLUMMETING stock prices. Granted, they haven’t done anything AS bad as EA but this is getting silly.
well, the stock drop wouldn’t have anything to do with HGC anyways. Its viewership numbers are always pretty bad, and there is no way its turning a profit or doing anything for blizz other than advertising the game to people that already play it. Of course that hasn’t stopped Blizzard from continuing to run starcraft events so I wouldn’t be overly concerned.
It is pretty much the gaming market. I mean just look at Take-Two which had released Red Dead Redemption 2 which despite the success has still not recovered. It is just the market overall that is hurting and its not just Acti-Blizz.
Of course with the new CEO and developments in the market in general its only natural that they’d have to adjust with the conditions at hand.
look the stock price has NOTHING to do with viewers on twitch really… investors care about one thing. Company profitability and revenue. Blizzard isn’t getting a huge chunk of their revenue from twitch to begin with. Yes twitch helps with advertising to drive people to the game but at the end of the day… look at how much revenue some mobile game companies can drive and they have no twitch feeds. ( insert irony of Diablo mobile).
Blizzard’s stock price has nothing to do with HotS
Simply because HotS is basically a complete non-factor in Blizzard’s earnings.
Just go through every single ATVI earnings report since 2015. HotS doesn’t warrant much attention. They never reveal any sales figures or any player numbers or anything. Investors don’t ask any questions about it. Bank analysts constantly doing deep research into the performance of Hearthstone and Overwatch and WoW, because those are the ones that actually have a material impact on Blizzard’s bottom line.
HotS is so small, that it really doesn’t matter in the big scheme of things.
By the way, I suppose I shouldn’t be shocked by people still looking for excuses. Funny how people have looked for excuses from the start and they are always there doing so.
As for Blizzard as a whole, the trend is worrying. SC2 has failed. HotS has joined it. Diablo 3 you can argue had a shelf life but it’s a farcry from a lasting success, and arguably never was one. You have Hearthstone, WoW, and Overwatch. Supposedly internally people are not pleased that Overwatch isn’t top dog. WoW dates back to when Blizzard seems to have had more talent and Hearthstone is a simplified card game, albeit one that enjoys considerable success. Recently what they’ve been doing is remastering Starcraft 1 and Warcraft 3. I won’t comment on the Diablo mobile game fiasco.
In essence, whatever the Blizzard of old was the current Blizzard appears to not be it. They don’t have many new good ideas. They’re coming off as mediocre. They try to make money because they don’t have the ability and passion to make great games anymore. Unfortunately for gamers in essence all developers are mediocre in my opinion. I would’ve singled out Rockstar as a great developer but I have found myself not returning to RDR 2. I don’t see a compelling reason to care for the stock prices of these companies unless you’re just being pragmatic. It’s just so prosaic and insignificant.
What I find to be a pity is that Blizzard make good looking games, which is something I value a lot, and carry the mantle for good genres of games like real time strategy and whatever Diablo is. As bad as Blizzard are other developers tend to be morons by comparison. They either just copy things because they can’t come up with anything on their own or don’t have the balls to or they keep doing lame roleplaying games.
Stocks don’t lose half their value without something going wrong. HGC isn’t the cause but it will be the victim because they have to cut costs somewhere.
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![:roll_eyes:](https://d3rakab8gpdsa3.cloudfront.net/en/heroes/images/emoji/twitter/roll_eyes.png?v=6" ":roll_eyes:")