Report: Activision may have paid 'tens of millions' to West, Zampella
Financial analyst Doug Creutz of Cowen and Company posits that the settlement was worth "tens of millions," Gamespot reports. Considering Activision paid out $42 million to the Infinity Ward Employee Group as part of a separate lawsuit, and West and Zampella were seeking $1 billion when the case reached its bitter peak, this ballpark figure checks out.
Activision will report earnings on Thursday, August 2, and Creutz says he expects investors will ignore the impact of the settlement on Activision's bottom line.
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Source: http://www.joystiq.com/2012/07/30/report-activision-may-have-paid-tens-of-millions-to-west-zam/#comments
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FrogPosted:
Iglesias Can anyone tell me what the lawsuit was about?
Ah it was some legal shizah... Search it up I'm not 100% sure but I think Activision tried to screw over Infinity Ward!
BorderlandPosted:
Iglesias Can anyone tell me what the lawsuit was about?
In a lawsuit filed in March 2010, West and Zampella charge that Kotick and Activision unfairly fired them from their jobs as chief technology offer and chief creative officer, respectively, at the Activision-owned Infinity Ward studio in Santa Monica. The action happened just before Activision would have to pay them millions in bonuses for Call of Duty: Modern Warfare 2, which set industry sales records of more than $1 billion and became the top-selling game of all time until it was surpassed by 2010's Call of Duty: Black Ops.
MazurPosted:
ManlyPenguins 1 Billion wouldve been a fair asking price considering they make more thank that every cod game they release.
Lol I agree with you man, if I were them though I would have asked for a little bit more
Android_Posted:
Two_FacedFrog I knew that Infinity Ward would win but I thought they'd get more tbh xD
what arw you talking about? its west and zampella(respawn games) that are going to win. this is an old lawsuit claiming that the EX-infinity ward heads were not paid for the game thst they developed which was mw2. infinity ward will not win and who would want them to?
Most COD players. Activision is a very greedy company, these two men didn't get there money for a game that they created.
Two_FacedPosted:
Frog I knew that Infinity Ward would win but I thought they'd get more tbh xD
what arw you talking about? its west and zampella(respawn games) that are going to win. this is an old lawsuit claiming that the EX-infinity ward heads were not paid for the game thst they developed which was mw2. infinity ward will not win and who would want them to?
THQPosted:
1 Billion wouldve been a fair asking price considering they make more thank that every cod game they release.
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