Activision Blizzard Board of Directors Issues Statement Regarding Recent Article

Rhea-AI Summary

The Activision Blizzard Board of Directors affirmed its commitment to fostering a welcoming and inclusive environment in response to recent media coverage. Under Bobby Kotick's leadership, the company is adopting industry-leading changes, including a zero-tolerance harassment policy and increasing diversity within its workforce. The Board expresses confidence in Kotick's ability to address workplace issues and achieve ambitious goals for diversity and inclusion.

Activision Blizzard continues to emphasize its mission to connect and engage through video games, noting its successful franchises and commitment to social responsibility.

Positive

• Commitment to a zero-tolerance harassment policy.
• Focus on increasing diversity within the workforce.
• Active investments in opportunities for diverse talent.
• Board confidence in Bobby Kotick's leadership.

Negative

• Concerns about workplace culture persist despite stated commitments.

SANTA MONICA, Calif.--(BUSINESS WIRE)-- The Activision Blizzard (Nasdaq: ATVI) Board of Directors released the following statement responding to recent media stories.

“The Activision Blizzard Board remains committed to the goal of making Activision Blizzard the most welcoming and inclusive company in the industry. Under Bobby Kotick's leadership the Company is already implementing industry leading changes including a zero tolerance harassment policy, a dedication to achieving significant increases to the percentages of women and non-binary people in our workforce and significant internal and external investments to accelerate opportunities for diverse talent. The Board remains confident that Bobby Kotick appropriately addressed workplace issues brought to his attention.

The goals we have set for ourselves are both critical and ambitious. The Board remains confident in Bobby Kotick's leadership, commitment and ability to achieve these goals.”

About Activision Blizzard

Our mission, to connect and engage the world through epic entertainment has never been more important. Through communities rooted in our video game franchises we enable hundreds of millions of people to experience joy, thrill and achievement. We enable social connections through the lens of fun, and we foster purpose and a sense of accomplishment through healthy competition. Like sport, but with greater accessibility, our players can find purpose and meaning through competitive gaming. Video games, unlike any other social or entertainment media, have the ability to break down the barriers that can inhibit tolerance and understanding. Celebrating differences is at the core of our culture and ensures we can create games for players of diverse backgrounds in the 190 countries our games are played.

As a member of the Fortune 500 and as a component company of the S&P 500, we have an extraordinary track record of delivering superior shareholder returns for over 30 years.

Our enduring franchises are some of the world’s most popular, including Call of Duty®, Crash Bandicoot™, World of Warcraft®, Overwatch®, Hearthstone®, Diablo®, StarCraft®, Candy Crush™, Bubble Witch™, Pet Rescue™ and Farm Heroes™. Our sustained success has enabled the company to support corporate social responsibility initiatives that are directly tied to our franchises. As an example, our Call of Duty Endowment has helped find employment for over 90,000 veterans.

Learn more information about Activision Blizzard and how we connect and engage the world through epic entertainment on the company's website, www.activisionblizzard.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211116006294/en/

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Source: Activision Blizzard, Inc.

FAQ

What recent changes has Activision Blizzard announced regarding workplace culture?

Activision Blizzard has announced a commitment to a zero-tolerance harassment policy and aims to increase diversity within its workforce.

Who leads Activision Blizzard's initiatives for diversity and inclusion?

Bobby Kotick leads Activision Blizzard's initiatives aimed at enhancing diversity and inclusion in the workplace.

How does the Activision Blizzard Board view Bobby Kotick's leadership?

The Activision Blizzard Board expressed confidence in Bobby Kotick's ability to address workplace issues and achieve diversity goals.

What is Activision Blizzard's mission statement?

Activision Blizzard's mission is to connect and engage the world through epic entertainment, particularly through its video game franchises.

What impact does Activision Blizzard aim to have through its franchises?

Activision Blizzard aims to foster social connections and break down barriers through the enjoyment of video games, promoting tolerance and understanding.