Write what you are looking for and press enter to begin your search!

Logo
live-news-icon

Live News

PureArts & Bandai Namco Announce Official Life-Sized Elden Ring Collectible: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // Idol Showdown Surpasses 1 Million Downloads Milestone: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // River City Girls 2 To Get Double Dragon DLC This Summer: In an intense match, the Lone Wolves came out victorious. Read all about the big night here
post-16 post-13

Activision Blizzard Fires Its CFO; Is Blizzard In A Hot Mess?

Talk about starting the new year with news most dire. Activision Blizzard, a company that had a streak of bad luck (Mike Morhaime stepping down, that Diablo Immortal announcement, Heroes of the Storm scaling down, employee layoffs with pay), recently terminated its Chief Financial Officer’s contract this week (via CNBC).

Spencer Neumann, the CFO in question, was fired over causes “unrelated to the company’s financial reporting [ie recent share drops & monthly active users decline rate] or disclosure controls and procedures.”

It may have something to do with Neumann being poached by Netflix and in turn become the company’s newest CFO, according to Reuters. With Netflix being dominant in the past few years, we’re guessing this job may be as fun as it is stressful.

So who’s going to fill that Activision Blizzard CFO void? Why it’ll be the company’s former Chief Corporate Officer Dennis Durkin. The company will be using Durkin’s experience to sort out the share drop and make the company grow financially like old times. This new year may be crucial to the company; it may need to recuperate its losses from that Destiny 2 expansion.

Related News

post-07
Destiny 2 Is Going Free-To-Play, Heading To Steam, & Getting Cross-Saves

We mentioned the new Destiny 2 Shadowkeep expansion during our Google Stadia coverage, but that's just the tip of the loot-and-shoot iceberg. Turns ou...

post-07
Rockin' Rhythm FPS BPM: Bullets Per Minute Will Be Out For PS4 & Xbox One This Year

Last year's pretty amazing arena/maze rhythm-savvy first-person shooter BPM: Bullets Per Minute is getting a few ports this year. BPM will be on PS...

post-07
Cult Of The Lamb Next Free Major Update Gets A Release Date

Publisher Devolver Digital and developer Massive Monster have confirmed that the second major update for Cult of the Lamb titled Sins of the Flesh is ...

Write a comment

Your email address will not be published. Required fields are marked *

Comment(1)

  1. Bungie Breaks Up With Activision, Keeps Destiny – KAKUCHOPUREI.COM

    January 11, 2019 at 12:41 pm

    […] As for Activision? It’s currently facing a rough time as it went through an executive shake-up and cut corners in its Blizzard Entertainment subsidiary.  […]

Tournament Tool Kit

Kakuchopurei Community