Activision Blizzard’s “Call of Duty” Esports League will continue with online competition

Video game makers have a major advantage over other entertainment companies in dealing with the COVID-19 outbreak. Thursday, as Walt disney announced that it was closing Disneyland and Disney World, ActivisionBlizzard (ATVI -0.10%) announced that the Call of Duty The league would continue with online competition.

In a statement, the Call of Duty League said, “The health and safety of employees, fans, players, teams and partners is paramount to Activision Blizzard Esports.” As the league actively monitors the spread of the virus, the league said it is “moving the entire schedule currently scheduled for 2020 Call of Duty Live events from the league to an online-only competition, effective immediately.”

Online-only matches will be streamed live to fans and dates will be “announced shortly, along with details of the tune-up,” the league said in a press release.

Image source: Call of Duty League.

Video game makers should do well in this environment

This news comes as other major events have been canceled across the country. The NBA has already announced the suspension of games for the current season, and the NCAA has made a bold but necessary decision to cancel the 2020 March Madness basketball tournament.

However, on March 11, Blizzard Surveillance The League has announced the cancellation of all home events scheduled for March and April. The Surveillance League has just started its third season and has taken the plunge this year to send all 20 teams based in their home city to host matches. He says he is working with teams to resume games when it is “safe and logistically feasible”.

This growth stock significantly outperformed the broader market during the market sell-off. While the S&P500 the index is down 22.8% from last month, shares of Activision Blizzard are down just 11%. Investors know that you don’t have to go to a physical location to play games. Activision Blizzard thrives on the homebody lifestyle.

John Ballard owns shares of Activision Blizzard and Walt Disney. The Motley Fool owns shares and recommends Activision Blizzard and Walt Disney and recommends the following options: $60 long calls in January 2021 on Walt Disney and $135 short calls in April 2020 on Walt Disney. The Motley Fool has a disclosure policy.

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