Monthly Archives: January 2021
Destruction AllStars State of Play Details Game Modes, Currency, and More
Activision Responds to Reports It Pushed Back Against Diversifying Its Hiring Practice
Activision Blizzard is committed to inclusive hiring practices and to creating a diverse workforce; it is essential to our mission. Vice completely mischaracterized the SEC filing made by our outside attorneys. In fact, our hiring practices are rooted in ensuring diversity for all roles. We engage in this aggressively and successfully. Our objection was rooted in the fact that the AFL-CIO proposal failed to adequately consider how to apply these practices in all of the countries we operate in. Our games have uniquely influenced popular culture and have helped to increase tolerance and inclusion through their connectivity as well as the heroes we portray and our stories that celebrate diversity, equity and inclusion in so many powerful ways. In order to ensure that our games stay true to our mission--to connect and engage the world through epic entertainment--we require that all candidates of all backgrounds, ethnicities, genders, races and sexual orientations are considered for each and every open role. We aggressively recruit diverse candidates so the workforce provides the inspired creativity required to meet the expectations of our diverse 400 million players across 190 countries. We remain committed to increasing diversity at all levels throughout Activision Blizzard worldwide.[poilib element="accentDivider"] Original Story: A new report has found that Activision Blizzard is resisting the adoption of a hiring practice that would require the company to interview at least one candidate who is a qualified woman or minority candidate. Activision Blizzard, via its attorneys have called this practice "unworkable." In a new report from VICE, the AFL-CIO, the largest labor federation in the United States, submitted a shareholder proposal to Activision Blizzard and Electronic Arts (EA) requesting it adopt a hiring policy that would require each company to include women and people of color in its initial pool of potential candidates. The AFL-CIO is a shareholder in both Activision Blizzard and EA, and the letter request was sent to the Securities and Exchange Commission (SEC). [ignvideo url="https://www.ign.com/videos/2020/02/24/marvels-kevin-feige-almost-quit-over-lack-of-diversity-while-making-avengers-says-mark-ruffalo-ign-news"] The proposal is modeled after the Rooney Rule in the National Football League. Adopted in 2003, the rule required NFL teams to interview at least one non-white candidate for a coaching job. VICE reports that the rule was later expanded to include women and other marginalized candidates. Activision, a company of over 9,000 employees and the makers of some of the biggest games like Call of Duty Black Ops: Cold War and World of Warcraft: Shadowlands, has reportedly chafed at this proposal. It has taken measures to exempt itself by claiming that these guidelines are excluded from the SEC's guidelines for shareholder proposals. Furthermore, a letter by Activision, obtained by Motherboard claims, "While the Company has implemented a Rooney Rule policy as envisioned [for director and CEO nominees], implementing a policy that would extend such an approach to all hiring decisions amounts to an unworkable encroachment on the Company's ability to run its business and compete for talent in a highly competitive, fast-moving market." Activision claims that this proposal violates SEC guidance as a way for a shareholder to "micromanage" the company. In a statement to VICE, EA says it will "consider the stockholder proposal" with its Board of Directors. It should be noted that these proposals are legally non-binding. What they end up doing, however, is to highlight issues and pave a way forward for a company to address them. But Activision appears to get ahead of having these discussions altogether. [poilib element="accentDivider"] Matt T.M. Kim is a reporter for IGN. You can reach him on Twitter @LawofTD.
Activision Responds to Reports It Pushed Back Against Diversifying Its Hiring Practice
Activision Blizzard is committed to inclusive hiring practices and to creating a diverse workforce; it is essential to our mission. Vice completely mischaracterized the SEC filing made by our outside attorneys. In fact, our hiring practices are rooted in ensuring diversity for all roles. We engage in this aggressively and successfully. Our objection was rooted in the fact that the AFL-CIO proposal failed to adequately consider how to apply these practices in all of the countries we operate in. Our games have uniquely influenced popular culture and have helped to increase tolerance and inclusion through their connectivity as well as the heroes we portray and our stories that celebrate diversity, equity and inclusion in so many powerful ways. In order to ensure that our games stay true to our mission--to connect and engage the world through epic entertainment--we require that all candidates of all backgrounds, ethnicities, genders, races and sexual orientations are considered for each and every open role. We aggressively recruit diverse candidates so the workforce provides the inspired creativity required to meet the expectations of our diverse 400 million players across 190 countries. We remain committed to increasing diversity at all levels throughout Activision Blizzard worldwide.[poilib element="accentDivider"] Original Story: A new report has found that Activision Blizzard is resisting the adoption of a hiring practice that would require the company to interview at least one candidate who is a qualified woman or minority candidate. Activision Blizzard, via its attorneys have called this practice "unworkable." In a new report from VICE, the AFL-CIO, the largest labor federation in the United States, submitted a shareholder proposal to Activision Blizzard and Electronic Arts (EA) requesting it adopt a hiring policy that would require each company to include women and people of color in its initial pool of potential candidates. The AFL-CIO is a shareholder in both Activision Blizzard and EA, and the letter request was sent to the Securities and Exchange Commission (SEC). [ignvideo url="https://www.ign.com/videos/2020/02/24/marvels-kevin-feige-almost-quit-over-lack-of-diversity-while-making-avengers-says-mark-ruffalo-ign-news"] The proposal is modeled after the Rooney Rule in the National Football League. Adopted in 2003, the rule required NFL teams to interview at least one non-white candidate for a coaching job. VICE reports that the rule was later expanded to include women and other marginalized candidates. Activision, a company of over 9,000 employees and the makers of some of the biggest games like Call of Duty Black Ops: Cold War and World of Warcraft: Shadowlands, has reportedly chafed at this proposal. It has taken measures to exempt itself by claiming that these guidelines are excluded from the SEC's guidelines for shareholder proposals. Furthermore, a letter by Activision, obtained by Motherboard claims, "While the Company has implemented a Rooney Rule policy as envisioned [for director and CEO nominees], implementing a policy that would extend such an approach to all hiring decisions amounts to an unworkable encroachment on the Company's ability to run its business and compete for talent in a highly competitive, fast-moving market." Activision claims that this proposal violates SEC guidance as a way for a shareholder to "micromanage" the company. In a statement to VICE, EA says it will "consider the stockholder proposal" with its Board of Directors. It should be noted that these proposals are legally non-binding. What they end up doing, however, is to highlight issues and pave a way forward for a company to address them. But Activision appears to get ahead of having these discussions altogether. [poilib element="accentDivider"] Matt T.M. Kim is a reporter for IGN. You can reach him on Twitter @LawofTD.
Game of Thrones Animated Series in Early Development at HBO Max
An animated Game of Thrones series is in very early stages of production at HBO Max, according to The Hollywood Reporter.
No deal has been inked as of yet, so it’s entirely possible the series will never materialize, but THR reports that HBO is meeting with writers for the potential project. The animated series will reportedly follow in the same mature tone of the original TV franchise.
[widget path="global/article/imagegallery" parameters="albumSlug=everything-coming-to-hbo-max&captions=true"]Representatives for HBO Max declined to comment. It's unclear if the animated series would follow the events of the original series or follow different events in the Thrones universe.
Chalk it up to the growing list of Game of Thrones spinoffs that HBO is eagerly pursuing following the end of the original series. There’s the adaptation of the “Tales of Dunk and Egg” novellas that explores the adventures of Ser Duncan the Tall and Aegon Targaryen. House of the Dragon, a prequel series focused on the Targaryen family, has recently hired on Doctor Who’s Matt Smith and The Witcher series director Geeta Patel and expected to premier in 2022.
[widget path="global/article/imagegallery" parameters="albumSlug=the-game-of-thrones-that-never-was&captions=true"] This won’t be HBO Max’s first original animated series. Close Enough, the next series from Regular Show creator J.G. Quintel, premiered in 2020. IGN gave it a seven out of 10, calling it a “effective and entertaining.” HBO Max has also produced a number of original animated miniseries based on properties like Looney Tunes and Adventure Time. [poilib element="accentDivider"] Joseph Knoop is a writer/producer/animated fella for IGN.Game of Thrones Animated Series in Early Development at HBO Max
An animated Game of Thrones series is in very early stages of production at HBO Max, according to The Hollywood Reporter.
No deal has been inked as of yet, so it’s entirely possible the series will never materialize, but THR reports that HBO is meeting with writers for the potential project. The animated series will reportedly follow in the same mature tone of the original TV franchise.
[widget path="global/article/imagegallery" parameters="albumSlug=everything-coming-to-hbo-max&captions=true"]Representatives for HBO Max declined to comment. It's unclear if the animated series would follow the events of the original series or follow different events in the Thrones universe.
Chalk it up to the growing list of Game of Thrones spinoffs that HBO is eagerly pursuing following the end of the original series. There’s the adaptation of the “Tales of Dunk and Egg” novellas that explores the adventures of Ser Duncan the Tall and Aegon Targaryen. House of the Dragon, a prequel series focused on the Targaryen family, has recently hired on Doctor Who’s Matt Smith and The Witcher series director Geeta Patel and expected to premier in 2022.
[widget path="global/article/imagegallery" parameters="albumSlug=the-game-of-thrones-that-never-was&captions=true"] This won’t be HBO Max’s first original animated series. Close Enough, the next series from Regular Show creator J.G. Quintel, premiered in 2020. IGN gave it a seven out of 10, calling it a “effective and entertaining.” HBO Max has also produced a number of original animated miniseries based on properties like Looney Tunes and Adventure Time. [poilib element="accentDivider"] Joseph Knoop is a writer/producer/animated fella for IGN.Resident Evil Village’s PS5 Demo Has Us Excited for the Full Game
Resident Evil Village’s PS5 Demo Has Us Excited for the Full Game
GameStop Traders Share Why They Went Big on the GME Stock Squeeze
What Is Going on with GameStop Stock?
GameStop stock (traded as $GME) is on the up-and-up. Prices for a single piece of stock peaked today at around $145. Compare that to a year ago, when prices for the biggest video game brick-and-mortar retailer hovered around $15 but went as low as $3 a share. [widget path="global/article/imagegallery" parameters="albumSlug=gamestop-in-the-news-timeline&captions=true"] Some Wall Street investors bet that GameStop would continue to struggle and began short-selling the company, a strategy where an investor borrows stock of that particular company — in this case, GameStop — and sells it in the hopes that prices for the stock will continue to drop. If that happens, they can buy back the stock for even cheaper and keep the difference as a profit. But instead of going down, prices are going up, and this is bad for short sellers who have to buy back the stock they borrowed. Redditors on r/WallStreetBets saw the short early and moved in to buy GameStop stock early and cheap, creating a short squeeze. Short sellers rushing to buy while minimizing losses created a rush to buy GameStop stock, which in turn drove up prices. A vicious cycle, if you will.Who Is Squeezing Wall Street?
In speaking with traders on r/WallStreetBets, it’s evident that these traders are not wolves of Wall Street, but hobbyists who trade on the side and have either a clear-eyed or irreverent view of the stock market. Three traders from r/WallStreetBets IGN spoke to say that they are not full-time traders, while a fourth says they’re still relatively new to trading. And all three also joined the community fairly recently with the longest member following the subreddit about a year ago. “I had seen the subreddit in some YouTube video after I got into trading but was only doing my own thing until this GME stuff really started to pop off and I bought in,” one trader, who asked to go by Ike for privacy reasons, tells IGN. [caption id="attachment_2465120" align="alignnone" width="837"] Source: Google.[/caption] Ike bought GME stock when it was around $30 and says he spent about $600 on his position. He says his option is now worth around five times that value but is still waiting before selling. When asked why they went in on GME, Ike says that it took “some convincing” and due diligence but that it was “mostly FOMO [or, Fear of Missing Out].” Another trader named Tj says they invest "on the side for fun," while working as a full-time engineer at a major tech company. Their option is worth six-figures after going in at a buying price of around $18 per stock. [ignvideo url="https://www.ign.com/videos/2020/03/07/how-gamestop-plans-to-save-itself"] In keeping with their 4chan with a Bloomberg Terminal mantra, these traders prefer memeing their way through Wall Street, using terms like FOMO or YOLO [You Only Live Once] to explain away their investment decisions. One investor named Sage says they’ve only been following r/WallStreetBets for “around two months” and that investing is a “side hustle.” For “about five minutes” Sage’s GME options were worth $33,000, based on an initial investment of $1000. Though they chose not to sell. The biggest success story is someone who goes by u/DeepFu*kingValue on WallStreetBets who regularly updates the subreddit on the price of their option which is currently valued at $13 million. The energy the subreddit brings into trading can only be described as chaotic. One thread by user u/dumbledoreRothIRA is titled, “I’M NOT SELLING THIS UNTIL AT LEAST $1000+ GME” with an additional expletive and some rocket ship emojis for good measure. The subreddit is also claiming a “victory” against hedge fund Melvin Capital Management, a short-seller that the Wall Street Journal reports is getting an outside investment to help stabilize the fund after a variety of short bets fell through. One of which was Melvin’s bet against GameStop.GameStop, a Meme?
One reason why the GameStop stock situation is so absurd is that for the past three years, GameStop has been struggling as a business. A brick-and-mortar video game retailer, GameStop has not been able to compete with digital retailers like Amazon as well as the growing trend of customers buying primarily digital versions of games through portals like Steam, PSN, or Xbox Live. When IGN spoke with GameStop’s chief customer officer Frank Hamlin back in 2019, he explained that “As a specialty retailer, we are linked at the hip to this category of video games. We compete with a bunch of generalist retailers who don’t have the same seasonality as we do because they sell paper towels and loaves of bread and they can use video games as a loss leader to sell a loaf of bread.” The increased competition has forced GameStop to close around 400 and 450 stores in 2020, and the COVID-19 pandemic has not helped physical retailers like GameStop in the least. And whatever is happening with the stocks is not indicative of the business' actual current performance, which is still struggling. But GameStop is a mainstay in the public gaming consciousness, and the brand recognition has driven WallStreetBets to embrace the struggling brand. Whereas investors on Wall Street proper saw a struggling retailer, WallStreetBets saw an underdog and piece of gaming childhood. [widget path="global/article/imagegallery" parameters="albumSlug=gamestop-experimental-stores&captions=true"] Sage says that while “Reddit Hype” factored into their decision to go in on GME, so did “childhood memories.” Meanwhile, Tj tells IGN that their non-retirement investing is done with additional income. "So I figured might as well throw it into the latest meme and let it ride," they said. Another trader who spoke with IGN named Branyan said that knowing GameStop helped them go in on their own position. “I’ve done my fair share of shopping there,” says Branyan. “It definitely did make a difference that I knew the business opposed to going in blind. I’ve trusted them with my business so I should be able to trust them with my trades.” Ike says they were very aware of GameStop both from their childhood and recent news. “Like most my age [GameStop] used to be a place I’d go often for games as a kid, and I knew about its decline as I've watched the closure of one [of the stores] close to me.” However, Ike cites the addition of pet retail giant Chewy’s co-founder Ryan Cohen to GameStop’s board and the company’s attempts to remodel some of its stores into experiential event spaces as signs of positive change.What Happens Next?
One side-effect of the GameStop Stock squeeze is the increased scrutiny on r/WallStreetBets. Mainstream and finance-focused publications are covering the subreddit in recent days — and not in a way the community finds helpful. “News coverage has been unfair and misleading, often referring to WSB as a single entity that makes decisions for millions of people,” says Ike. “But take only a glance at the sub and you’ll see just how wrong that is, [it’s] full of people taking all sides [on an investment] and people posting random sh*t half the time.” Tj says they're worried that the media coverage could harm inexperienced investors "jumping into stocks without researching." They believe that "a lot of people will lose more than they can afford to," because of the notoriety. [ignvideo url="https://www.ign.com/videos/2020/09/11/how-is-gamestop-still-a-thing-ign-daily-fix"] “Well to tell you the truth [the media coverage] is very worrisome,” Branyan adds. “Many subreddits have been shut down in the past and wiped out due to getting negative media coverage. The coverage we’re getting now seems to want to suggest that we are attempting to manipulate the market as a collective single organism. This isn’t the case. We are just a bunch of investors who like to chat about what we do.” “People make huge YOLOs and succeed sometimes and people like to see that. That is what you’ll find at the base of WSB. People making it big or losing it all trying. We aren’t trying to manipulate the market, we’re trying to go big or die trying. Each and every one of us.” As for their GME options, the investors say they’ll eventually sell and hopefully make a profit. “I’ll sell when u/deepfu*kingvalue sells,” Sage says.Update 1/27: The Fallout From $GME Continues
As the GameStop situation continues, there have been several developments. Driven by the activity on GameStop stock, r/WallStreetBets are discussing other potential stocks that could behave similarly. AMC stock, the movie theater chain besieged by COVID-19 has come out as a popular choice along with companies like BlackBerry and Nokia. Meanwhile, leaders in government and finance are sounding off on the GameStop stock situation on Wall Street. Nasdaq President Adena Friedman says it is monitoring the situation on social media for "unusual activity in stocks." White House Press Secretary Jen Psaki says President Biden's economic team is "monitoring the situation" as well. And politicians such as Rep. Alexandria Ocasio-Cortez (D-NY14) tweeted, "Gotta admit it's really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino."Reddit also suffered temporary outages during the ongoing GameStop stock situation, though it is apparently back up. There has also been financial damage to short-seller hedge fund Melvin Capital, which was reported to have closed out of its GameStop position after requiring nearly $3 billion in external financing to help stabilize its fund after a few shorts fell through, one of which was GameStop. CNBC reports that there are several hedge funds in similar trouble for their own GameStop options. [poilib element="accentDivider"] Matt T.M. Kim is a reporter for IGN.Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino
— Alexandria Ocasio-Cortez (@AOC) January 27, 2021
WallStreetBets Is Back on Reddit, Banned on Discord, as Trading Apps Limit Stock Purchases
Fortnite Winter Trials: Everything You Need to Know
What are the Fortnite Winter Trials?
Just like the game’s loop – involving Fortnite’s trapped denizens and their repetitive battles – Epic Games’ frequent updates are seemingly perpetual in nature. So much so, that they recently jumped the gun and revealed the Fortnite Winter Trails site before the event was live. Epic hasn’t come forward with any news just yet. Thankfully, data miner HYPEX was able to share some information about the coming event. According to Hypex and the official event page, the Winter Trials is an influencer tournament that will reward active players with cosmetics; they’ll be able to garner badges that unlock different rewards over the course of seven days.Fortnite Winter Trials 2021 Schedule
The Fortnite Winter Trials site states that the tournament starts on January 25 and ends on February 1 at 8:59pm PST/11:59pm EST. Individual and team challenges start on January 26 and run until the 31st. Check out the full Fortnite Winter Trials schedule below:Group Tournament Schedule:
- January 25, 28, and 31 starting at 3pm PT/6pm ET
Individual and Team Challenges Schedule:
- January 26, 27, 29, and 30 starting "at every player's convenience"
How to Earn Fortnite Winter Trial Badges
In order to unlock the Fortnite Winter Trial rewards, players will need to first gain badges. This is done by voting for challenges, collecting bounties, and by just playing Fortnite. The number of badges earned is determined by the activity. The core activities are:- Logging in to the activate challenge – 1 badge
- Voting for a community challenge – 1 badge (once per challenge for a total of 4)
- Supporting an influencer team by clicking “thumbs-up – 1 badge available daily
- Playing Fortnite for 20 minutes – unlimited (every 20 mins in the main game rewards a badge)
Fortnite Winter Trial 2021 Rewards
As for the rewards, there's a total of twelve and most of them are still hidden. Epic has only revealed a unicorn spray, snow man-like emote, and animated gun wrap (the first, sixth, and final rewards respectfully). We'll update this article with the rewards as they unlock throughout the trial.- 1/12: Unicorn spray
- 2/12: Coming soon
- 3/12: Coming soon
- 4/12:?
- 5/12:?
- 6/12: Snow-man emote
- 7/12:?
- 8/12:?
- 9/12:?
- 10/12:?
- 11/12:?
- 12/12: Animated gun wrap