Xbox chief says he appreciates his relationship with Activision

In light of recent exposures at video game publishers, Microsoft Corp.’s head of Xbox said, “We are assessing all aspects of our relationship with Activision Blizzard and making ongoing positive adjustments.” I did.

In an email to staff seen by Bloomberg News, Phil Spencer said he and the game’s leadership team were “suffering from horrific events and actions and having serious problems” at Activision Blizzard Inc. CEO Bobby Kotick has known sexual harassment in the company for years and knows that he is abusing women.

“This kind of behavior is not in our industry,” Spencer writes. He has joined the growing protest from employees to investors and shareholders by demanding a stronger response from the second largest gaming company in the United States. On Wednesday, Sony Group Corporation’s PlayStation Chief Jim Ryan sent a similar note to staff, stating that he and his leadership were “disappointed, frankly read and stunned,” and Activision “discrimination and harassment.”

But Spencer said he would go one step further and take action. Xbox and PlayStation are one of the largest console makers in the video gaming industry. Activision has a long history on Xbox. The publisher’s largest franchise, Call of Duty, was largely successful with Microsoft’s innovative online platform, Xbox Live. This allows players to connect to multiplayer matches. Most Activision games are published on the Xbox console.

At least 500 Activision employees have signed a petition to remove Cotic, a group of shareholders has resigned from him, and two other long-term executives have been asked to resign by the end of the year.

“We respect all feedback from our valued partners and are involved with them,” Activision said in a statement. “We have elaborated on the significant changes we have made in the last few weeks and will continue to do so. We ensure that our culture and workplace are safe, diverse and inclusive. We’re working on it. We know it will take time, but we won’t stop until we have the best workplace for our team. “

The company’s stock price was hit as public opposition increased. JPMorgan Chase has discontinued its equity recommendations due to growing controversy over Cotic. “Recent negative headlines have brought considerable uncertainty to the story,” JP Morgan analyst Alexia Quadrani said in a note to investors, forever keeping the issue at risk. It is unknown.

Activision’s share price fell 3% on Thursday, with losses more than 10% this week.

Xbox chief says he appreciates his relationship with Activision

Source link Xbox chief says he appreciates his relationship with Activision

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