Write what you are looking for and press enter to begin your search!
Live News
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.
By Mr Toffee|February 23, 2019
Resident Evil 2 is an awesome game. My colleague's finished it, I have yet to play through most of it, but I love the revamp and tone overall. I'm als...
By Mr Toffee|August 7, 2023
After much teasing from NetherRealm Studios, we're getting new kharacters in the upcoming 2D fighting title Mortal Kombat 1. The game will now be g...
By Alleef Ashaari|January 3, 2019
Most Kingdom Hearts fans (including myself) still can't believe that we're less than a month away from the official release of Kingdom Hearts 3. For t...
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
By Alleef Ashaari|August 2, 2021
By Alleef Ashaari|February 9, 2022
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
Copyright @ Kakuchopurei 2024
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. […]