re: Sony to block second hand games on PS4

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And please recall that World of Warcraft had to save Activision just 5 years ago.

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Not even close to the truth. Activision was never in major peril. They choose to make the move after CoD had already become a great success. They were not doing fantastically because Tony Hawk reached saturation and they destroyed that series. Then they murdered the GH brand by releasing too many titles too quickly.

I can't think of time where Activision was ever in a spot like THQ who recently went bankrupt.

I agree the blockbuster model is bad for gaming, but not because of low quality but how it has driven up costs and put many good and talented studios out of business.

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but what good game has Activision financed with CoD money?

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There's no way to prove direct causation with how their money is spent, but we do know they make a lot more than they could have ever spent on the development and marketing of each entry. Whether other Activision games are to you liking isn't really relevant, it still has brought more games to all. It's my personal speculation, but I don't think Bungie would making a big game with Activision if not for the incredible amount of cash that CoD has brought in.

Here's a list to all they've developed. LINK