Disney Continues Its Monopoly Of Entertainment, Investors Keen On Buying Activision Blizzard
by Tyler Pence
Crash Team Racing 2019 (Activision)
Disney’s monopoly on entertainment as a whole isn’t as far fetched as it may seem. They have annihilated countless companies in all forms of entertainment. Their live-action The Lion King remake is their fourth film to surpass $1 billion. It joins the likes of Marvel’s Avengers: Endgame, Aladdin and Captain Marvel. This time, a Disney investor has reportedly recommended buying Activision Blizzard, suggesting that esports should be the next outlet of entertainment they conquer.
Activision Blizzard is, of course, the developers who created Overwatch and the later Call of Duty games such as Modern Warfare 3 and Black Ops II.
Although we think Disney is literally conquering the entire world of entertainment, Blizzard obtaining the Star Wars licensing could be for the better. Then again, Disney dominating yet another industry as a whole probably isn’t good. Activision’s stock price has been dropping, and according to PC Gamer, Gerber Kawasaki Inc. thinks the company could be bought out in the near future.
The following Disney films have crossed $1 billion at the box office:#TheLionKing #AvengersEndgame#CaptainMarvel #Aladdinhttps://t.co/XzBAa2ui0C pic.twitter.com/EVDaBTNQZS
— Variety (@Variety) July 30, 2019
The good news is that Activision is currently valued at $37 billion, according to PC Gamer. Although that may seem like a reach for Disney, it’s most definitely possible. They paid for the Star Wars right for just $4 billion.
According to Bloomberg, Nick Licouris of Gerber Kawasaki Inc. said that this is as better time as any for Disney to inquire about buying Activision. Gerber Kawasaki Inc. currently owns $22 million of the Disney shares, combined with their $4.3 million in shares with Activision.
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