Analysts: WoW Classic and Overwatch are saving Activision Blizzard from death, and expect Diablo 4 in 2021

In early August, Activision Blizzard published a financial report in which it admitted a drop in revenue.

The company began to lose players, and along with them, profits, but over the past month things have picked up.

What is known

According to CNBC, Activision Blizzard was able toregained investor interest, and since August 14, the company's share price has increased by 20%. Criticism from the gaming community did not affect the views of security holders, because the latest announcements gave hope for an increase in profits.

The growth of shares was also influenced by the release of World of WarcraftClassic, which drew the attention of players to Twitch. At the time of writing the news, 120 thousand viewers are watching the WoW broadcast, while only 48 thousand are watching Fortnite. The price of securities was also raised by the announcement of Overwatch for Nintendo Switch and the imminent release of the restart of Call of Duty: Modern Warfare. Both games will be released in October, but the fan bases of the projects overlap only slightly, which means there will be no competition between them.

Analyst Jeff Cohen noted that Blizzardwill continue to rely on “legacy intellectual property.” It is expected that World of Warcraft and Overwatch will receive new expansions at the end of the year, and Diablo 4 will delight gamers in 2021.