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Activision details how much Bungie paid for Destiny publishing rights

Activision details how much Bungie paid for Destiny publishing rights

Thanks to Activision Blizzard's 10-K filing with the United States Securities and Exchanges Commission we have an idea of what sort of price Bungie paid to buy back Destiny's publishing rights from the publishing giant.

Activision Blizzard's Annual Report says that for the year ending December 31st, 2018, it recognised generally accepted accounting principles (GAAP) revenue of $164m in addition to $20m in net bookings, in addition to GAAP operating income of $91m off the back of the agreement to terminate its relationship with Bungie.

In English, this means that Bungie paid up to $164m for the Destiny publishing rights, with a further $20m tied up as on-going spending; subscriptions, season passes and so on.

The two companies announced they were parting ways in January of this year. This was due, in part, to Activision Blizzard feeling that the sci-fi MMO IP wasn't performing to its expectations, according to COO Collister Johnson, who said after the deal that not owning the IP was part of the problem.

Bungie has said that it is thinking about what the future looks like for the Destiny IP.

The same SEC 10-K filing also revealed that Activision Blizzard - as part of its legal obligation to investors - said that the eight per cent job cut that was announced in February might have a negative impact on its business.


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Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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