Activision Blizzard’s annual convention begins next week. Bank of America analysts say investors should look out for these events.

General Summary:

Watch out for Diablo, Overwatch, and Warcraft announcements.

Blizzard's banning of Hearthstone players for supporting Hong Kong's liberation has already prompted backlash from gamers, protesters, and even members of the House of Representatives. One group already plans to protest the decision at BlizzCon, and the widespread disappointment toward the developer's actions could prompt additional demonstrations.

The publicity could harm the company's image and endanger growth of Hearthstone's user base, the BAML analysts said.

"Threats of a boycott on Blizzard games come when year-over-year declines for Hearthstone have begun to stabilize," they wrote. "The commercial impact is unclear."

https://markets.businessinsider.com/news/stocks/bank-of-america-investors-follow-5-things-blizzcon-diablo-overwatch-2019-10-1028629099#double-diablo-reveals1

Submitted October 25, 2019 at 04:45PM by ilikepancakez https://ift.tt/341IK2F