No one expected the news this month that Bungie and Activision were splitting up, with Bungie retaining full publishing rights to the Destiny franchise - and that apparently included Activision's investors, who are now filing more lawsuits against the mega-publisher.

Multiple law firms have filed class action lawsuits against Activision stating that Activision made misleading and false statements to investors even though the publisher knew that the split was coming. According to the lawsuits, investors lost money as a result of these alleged misleading and false statements once the announcement of the split went public and Activision's stocks dipped sharply. The lawsuit covers any investors who purchased securities in Activision Blizzard from August 2, 2018, to January 10, 2019, when the split between Bungie and Activision was announced.

The Destiny franchise was one of Activision's biggest games in its portfolio, standing alongside its other franchise Call of Duty. So the loss of a game that became the biggest selling new IP at its launch and which garnered $500 million on its first day, in addition to the undisclosed (but undoubtedly significant) revenue that Destiny and Destiny 2 have brought to Activision over the past four years was a huge hit to the company's stock and as a result, to the company's shareholders.

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The news of these two additional lawsuits comes weeks after other law firms preparing similar class action lawsuits announced that Activision was under investigation for fraud for the very same reason.

Meanwhile, Destiny 2's Annual Pass content will continue to launch as promised, seemingly still under the partnership between Bungie and Activision. Beyond that content, which extends to the fall of 2019, the future of the Destiny franchise beyond that remains a mystery to players, although Bungie promises that the franchise is its sole focus for the foreseeable future, even as it moves into self-publishing.

Source: WCCFtech