HAHA, please don't. My overall point is that (1) we don't know what document we were looking at in that tweet, (2) there is a specific number out there that is defined and what was paid (paid including both amounts in cash and other considerations). While we can probably estimate where we are from the numbers we looked at, its hard to really determine what is really going on with just a snapshot like that.
True, I stare at hospital contracts all day and I should have known that. But still, it's something to discuss until Zhuge possibly swings by and drops some knowledge
It made it on their annual report. Well then alright! What's interesting is the following quote "Bungie's assumption of on-going customer obligations of Activision. " Wonder what that is.
The document we were looking at was indeed the 10K (10Q being quarterly SEC filings, 10K being annual), so my post isn't as accurate as it could be. There is more to the story however to try and flesh out exactly the value realized by activision as delivered by Bungie. That is still a little unclear.
Yep. Self-publishing of their own games will be their goal going forward.
They still probably made a ton of money from Destiny 1 & 2. From Bungie's perspective, it did very well financially. The first game had over $300 million in sales day 1. Bungie got something like a 20% to 30% cut too from the franchise.
Forza Horizon is a dead IP, good thing Playground is working on Fable now.
Bungie did not only bought the publishing rights, but also all ongoing obligations Activision has in regards to the publishing of Destiny.
Even as a Destiny fan, I can understand this.
The costs were extremely high, and I'm sure royalties would be after the expenses are paid, which for Bungie could be $75M per year now (in 2016 an article said they have 750 staff). And the publisher doesn't get 100% of sales revenue, it would be closer to 60%. So take 60% of all sales revenue, minus probably over $500M in costs so far, then say 30% of what's left going to Bungie. I don't know that it's that high of a figure, which is why Kotick didn't really care about letting it go, and why the cost to buy the rights back isn't that high.
Again, you don't know that. There is a reason companies are willing to be bought by bigger publishers and they don't do it because they like it, but because of the security.
Destiny is an established brand and a known quantity at this point, even without an enormous budget the game would be pretty easy to market with just a few trailers and word of mouth.
So let them, if it's even interesting I would throw them some bones. I would pay money for say.....mask oranments that were actually good. They need the money.
I know...I was curious to exactly what the ongoing obligations are and how it was quantified.
I'm right there with you. I'm done with the destiny franchise. I don't trust bungie at this point
Activision saw a decline in users and purchases of DLC. Activision probably viewed the franchise not moving in the right direction. Not worth the investment anymore.
Activision probaby wants fortnite money, they will never be satisfied. Destiny is doing just fine. It ends up looking better and better after ever competitor that comes out.
I find 20 million to be right around what I would've expected.
Why give up on a popular franfhise? This is something the team celebrated
