Activision Blizzard ATVI is ready to release Sekiro: Shadows Die Twice , a third-person, action-adventure game with RPG elements, globally, in early 2019.
The game has been developed by Tokyo, Japan-based FromSoftware. Sekiro: Shadows Die Twice
is directed by Hidetaka Miyazaki, who is known for his work on the Dark Souls
The single-player game, set in the late 1500s Sengoku Japan, promises new features like "vertical traversal" that is expected to attract players. The game will be released on Microsoft's MSFT
Xbox One, PlayStation 4 & Playstation 4 Pro, and PC via steam for $59.99. Expanding Portfolio: Key Catalyst
The new game expands Activision's portfolio for the upcoming holiday season. The company is primarily riding on Call of Duty
, which fueled top-line growth in the last reported quarter. King Digital's Candy Crush
continues to contribute significantly to the company's revenues.
Activision Blizzard, Inc Price and Consensus
Activision Blizzard, Inc Price and Consensus | Activision Blizzard, Inc Quote
Activision has eight $1 billion franchises, including Call of Duty , Destiny 2 , StarCraft , World of Warcraft , Diablo , Hearthstone and Heroes of the Storm . The company is now including a battle royale (BR) game mode called "Blackout" in the highly anticipated Call of Duty: Black Ops 4 game that is set to release on Oct 12.
The BR game mode is not only expected to boost Activision's competitiveness against its traditional rivals but also Fortnite , a free game that has been played by more than 45 million people worldwide.
Notably, Electronic Arts EA recently announced that it will include a BR mode in its Battlefield V game, which is also expected to release prior to the holiday season. Activision's another close peer, Take Two Interactive TTWO is scheduled to release Red Dead Redemption 2 on Oct 26.
Currently, Activision has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report Activision Blizzard, Inc (ATVI): Free Stock Analysis Report Take-Two Interactive Software, Inc. (TTWO): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis Report To read this article on Zacks.com click here.