After Diablo 4 postponement: Blizzard suffers financial setback

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Activision Blizzard's recently released financial report not only included the postponement of Diablo 4 and Overwatch 2, but also revealed a loss of active gamblers. News that, overall, did not do the company's share price very good.

Activision Blizzard's recently released financial report included not only the postponement of Diablo 4 and Overwatch 2, but also revealed a loss of active gamblers. News that, overall, did not do the company's share price very good.

Update from November 4, 2022:

Blizzard share price falls

Publisher Activision Blizzard is currently grappling with a variety of problems. Some executives are forced to leave the company following a lawsuit filed by a US federal agency in July 2022. After further departures, the message now comes that the releases of Diablo 4 and Overwatch 2 are still a long way off. So when it comes to new content, Blizzard is down.

In addition, there was a decline in active players from 13 percent to 26 million within one year (figures refer only to games from Blizzard, not Activision). That emerges from the latest financial report from Activision Blizzard. After the report was published , the share fell by over ten points , marking the sharpest drop in the last six months. Incidentally, the discrimination and sexism lawsuit had far less impact on the share price.

At Blizzard something should be happening:

Original message from November 3, 2022:

Diablo 4: Blizzard is planning a much later release

If you're longingly waiting for Diablo 4, Blizzard has bad news for you. The release window has been moved back as the game needs even more development time. By the way, you share the fate with the Overwatch fans.

There has been no official release date for either Diablo 4 or Overwatch 2 , but Blizzard is postponing its own plans. In the latest financial report from Activision Blizzard, the company explains that while Blizzard content is expected in the coming year, the two sequels are unlikely to be part of it.

Diablo 4 and Overwatch 2 will be postponed

There are still no specific dates, but it is not expected that one of the two games will appear in 2022. It's much more likely that the releases won't happen until 2023 or even later. In the presentation of the financial report it says:

"While we continue to plan to release a large amount of Blizzard content over the next year, we are now planning a later release of Overwatch 2 and Diablo 4 than originally planned." (Source: Activision Blizzard).

While the teams have made great strides towards completing both projects, there is a lack of time to focus on the post-launch content . Blizzard wants to make sure that communities can enjoy both games for years to come.

Why the shift?

The need for more development time is also said to have emerged from the changes in some management positions . This is what it says at Blizzard:

“While we've been working with new leadership at Blizzard and the franchises themselves, especially in some key creative roles, it has become clear that some of the Blizzard content planned for the coming year will need more development time to reach its full potential . "(Source: Activision Blizzard)

This refers to the departure of Game Director (Diablo 4) Louis Barriga in August 2022 in the course of the lawsuit that accuses the company of a major problem with discrimination and sexual harassment. The Overwatch team also lost Game Director Jeff Kaplan in April 2022 and Executive Producer Chacko Sonny in September.

So the year 2022 looks rather pale when it comes to new games from Blizzard. The postponement of Diablo 4 and Overwatch 2 is not a big surprise, however, as the company is struggling with completely different problems with regard to a lawsuit.

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