Report: Activision may have paid 'tens of millions' to West, Zampella
Financial analyst Doug Creutz of Cowen and Company posits that the settlement was worth "tens of millions," Gamespot reports. Considering Activision paid out $42 million to the Infinity Ward Employee Group as part of a separate lawsuit, and West and Zampella were seeking $1 billion when the case reached its bitter peak, this ballpark figure checks out.
Activision will report earnings on Thursday, August 2, and Creutz says he expects investors will ignore the impact of the settlement on Activision's bottom line.
Posted:
Source: http://www.joystiq.com/2012/07/30/report-activision-may-have-paid-tens-of-millions-to-west-zam/#comments
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Comments
yayPosted:
upd8Mazur this shows how much money a company like this is able to throw around at pleasure.
That's not pleasuring paying out $42 million in a lawsuit! But they still do have plenty of money, but I bet they didn't want to do it. Considering they still want $15 bucks for 1 person to get a couple of maps.
42 mill is nothing to them, they make that in a month.
ImNotPhlegmAnymoreOKPosted:
Mazur this shows how much money a company like this is able to throw around at pleasure.
That's not pleasuring paying out $42 million in a lawsuit! But they still do have plenty of money, but I bet they didn't want to do it. Considering they still want $15 bucks for 1 person to get a couple of maps.
yayPosted:
Emazing-LightsScantyYeah that is true which i'm hoping zombies won't be bad.Emazing-LightsKexMinecartEmazing-LightsSmurfsPermanentNuttyLobbys Dang that's alot of money
Just shows Activision has that to just throw about
Yeah. Big companies like Activision have that kind of money to just give away.
Yeah with all the money they get from the CoD games is just insane.
They should use all that money to make a way better cod. :P
Lol exactly.. Otherwise all IW cods will be crap :D
Yeah I just hope BO2 doesn't end up being a bad game like MW3.
I don't think it will, seeing as its made by treyarch. Even if they do mess up multiplayer, you ALWAYS have zombies. :p
It won't be. This is treyarch after all.
EmazedPosted:
ScantyYeah that is true which i'm hoping zombies won't be bad.Emazing-LightsKexMinecartEmazing-LightsSmurfsPermanentNuttyLobbys Dang that's alot of money
Just shows Activision has that to just throw about
Yeah. Big companies like Activision have that kind of money to just give away.
Yeah with all the money they get from the CoD games is just insane.
They should use all that money to make a way better cod. :P
Lol exactly.. Otherwise all IW cods will be crap :D
Yeah I just hope BO2 doesn't end up being a bad game like MW3.
I don't think it will, seeing as its made by treyarch. Even if they do mess up multiplayer, you ALWAYS have zombies. :p
yayPosted:
Emazing-LightsKexMinecartEmazing-LightsSmurfsPermanentNuttyLobbys Dang that's alot of money
Just shows Activision has that to just throw about
Yeah. Big companies like Activision have that kind of money to just give away.
Yeah with all the money they get from the CoD games is just insane.
They should use all that money to make a way better cod. :P
Lol exactly.. Otherwise all IW cods will be crap :D
Yeah I just hope BO2 doesn't end up being a bad game like MW3.
I don't think it will, seeing as its made by treyarch. Even if they do mess up multiplayer, you ALWAYS have zombies. :p
-Meow-Posted:
AcedKexSexuaI Holy crap, and what was this all about?
No idea, i never knew a lawsuit was going on lol.
Yeah me neither !lol.
neither did i
-Meow-Posted:
Emazing-LightsKexMinecartEmazing-LightsSmurfsPermanentNuttyLobbys Dang that's alot of money
Just shows Activision has that to just throw about
Yeah. Big companies like Activision have that kind of money to just give away.
Yeah with all the money they get from the CoD games is just insane.
They should use all that money to make a way better cod. :P
Lol exactly.. Otherwise all IW cods will be crap :D
Yeah I just hope BO2 doesn't end up being a bad game like MW3.
me to it is disappointing
EmazedPosted:
KexMinecartEmazing-LightsSmurfsPermanentNuttyLobbys Dang that's alot of money
Just shows Activision has that to just throw about
Yeah. Big companies like Activision have that kind of money to just give away.
Yeah with all the money they get from the CoD games is just insane.
They should use all that money to make a way better cod. :P
Lol exactly.. Otherwise all IW cods will be crap :D
Yeah I just hope BO2 doesn't end up being a bad game like MW3.
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