While many companies haven’t been doing well during the economic crisis brought on due to theCOVID-19 pandemic, video games have been weathering the storm rather well. One gaming company that has been doing particularly well on the stock market isActivision Blizzard.
With thecoronavirusstill raging across countries such as the US, a lot of companies have been hit hard, some having to close down completely or lay off employees in order to make ends meet. Many corporations have their employees working from home to social distance and keep the virus from spreading, which may have something to do with the increase in stocks for video game companies such asActivisionBlizzard.
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According to recent reports from the stock market, Activision Blizzard’s stock value has been steadily rising since April of this year. With new updates to the popular seriesCall of Dutyas the company introduced Season 4 to the game, the franchise seemed to get more players' attention. Not only does Activision Blizzard have theCall of Dutyfranchise under its belt, but it also has the iconicWorld of Warcraftseries andHearthstonestrategy game as well. The company also caters to casual gamers with the mobileCandy Crushgame.
The video game industry differs from other forms of entertainment, especially with the current health crisis. While most entertainment is centered around public gatherings like sport matches, concerts, or movie theaters, video gaming is done through a screen. Though there are still meet ups and esports events that typically happened in person, moving them completely online doesn’t take much effort or change the atmosphere in dramatic ways. Due to the lack of sports until recently, esports tournaments such asLeague of LegendsChampionship Seriesmade their way to mainstream TV channels like ESPN.
The coronavirus is impacting the world as people know it, but one thing that players can find solace in during these trying times are video games. By delving into the fantasy worlds that games provide, players can take a break from the disappointing reality of 2020 by competing against other heros inOverwatchor connecting sweets inCandy Crushbefore coming back down to earth.
