No one expected the news this month thatBungie and Activision were splitting up, with Bungie retaining full publishing rights to theDestinyfranchise - and that apparently included Activision’s investors, who are now filing more lawsuits against the mega-publisher.
Multiple law firms have filed class action lawsuits against Activision stating that Activision made misleading and false statements to investors even though the publisher knew that the split was coming. According to the lawsuits, investors lost money as a result of these alleged misleading and false statements once the announcement of the split went public andActivision’s stocks dipped sharply. The lawsuit covers any investors who purchased securities in Activision Blizzard from June 11, 2025, to June 11, 2025, when the split between Bungie and Activision was announced.
TheDestinyfranchise was one of Activision’s biggest games in its portfolio, standing alongside its other franchiseCall of Duty. So the loss of a game that became the biggest selling new IP at its launch and which garnered $500 million on its first day, in addition to the undisclosed (but undoubtedly significant) revenue thatDestinyandDestiny 2have brought to Activision over the past four years was a huge hit to the company’s stock and as a result, to the company’s shareholders.
The news of these two additional lawsuits comes weeks after other law firms preparing similar class action lawsuits announced thatActivision was under investigation for fraudfor the very same reason.
Meanwhile,Destiny 2’s Annual Pass content will continue to launch as promised, seemingly still under the partnership between Bungie and Activision. Beyond that content, which extends to the fall of 2019, the future of theDestinyfranchise beyond that remains a mystery to players, although Bungie promises thatthe franchise is its sole focusfor the foreseeable future, even as it moves into self-publishing.
