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Bungie Announces Split From Activision, Retains Destiny IP

To the surprise of just about everyone, Bungie made the announcement today that they are splitting ways with Activision, with the former retaining publishing rights and control of the Destiny game going forward. In a joint statement released alongside this news, Activision/Bungie noted “going forward, Bungie will own and develop the franchise, and Activision will increase its focus on owned IP and other projects. Activision and Bungie are committed to a seamless transition for the Destiny franchise and will continue to work closely together during the transition on behalf of the community of Destiny players around the world.”

Activision stock has dropped nearly 7% after trading hours following this announcement.

Source: Activision Press Release

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