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Microsoft expected to finally buy Activision Blizzard next week
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Microsoft even with Activision Blizzard would not have a captured market. Valve, Crytek, Sony (which now holds Bungie), Epic, Electronic Arts, CD Projekt Red, Take-Two, and Ubisoft are all still quite potent AAA capable studio just in the PC space ... along with tons of independent studios (e.g., Ghost Ship Games, Shiro Games, Hello Games, Re-Logic).
The Microsoft internal doc leak said they're mostly after King Games (mobile games) anyways. I'd wager at worst Microsoft will let the traditionally Activision & Blizzard studios do their things... at best they'll clean up the executive teams and let the devs "play" a bit more with the IPs.
Mojang has flourished under Microsoft.
343 sucked under MS. Bethesda’s been underwhelming. Rare, meh. Lionhead, meh. Obsidian, meh.
Playground has been good, same with Doublefine. Ninja had Senua, which was good.
Pretty much a coin flip I’d say, but helped by the fact Blizzard has stunk out loud in recent years…change might be good.
The enshitification of Mojang has begun. Ridiculous privacy policies and bans in singleplayer. And the biggest introduction under MS was the engine rewrite, which was already underway when they were acquired.