How much did Blizzard CEO make?
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The Blizzard CEO, Bobby Kotick, made a substantial amount of money, with his compensation in 2021 totaling $826,549, and he also owned 4.3 million shares and had the right to acquire another 2.2 million shares, potentially worth over $500 million at the $95-a-share deal price. As one of the highest-paid gaming CEOs, Bobby Kotick’s annual salary was $154.6 million, making him a prominent figure in the gaming industry.
Frequently Asked Questions
About Blizzard and its CEO
- Who was the CEO of Blizzard? The CEO of Blizzard was Bobby Kotick, who led the company as the CEO of Activision Blizzard.
- What are the allegations against the CEO of Blizzard? The allegations against Bobby Kotick included knowing about, ignoring, and in some cases, perpetrating harassment of his employees, as reported by The Wall Street Journal.
- How many people got fired from Blizzard? More than three dozen employees were fired or pushed out, and about 40 others were disciplined since July as part of efforts to address allegations of sexual harassment and other misconduct.
About Microsoft’s Acquisition
- Who is Blizzard owned by? Microsoft owns Blizzard as of October 13, 2023, after acquiring the company in a deal worth $68.7 billion.
- Does Microsoft own Blizzard? Yes, Microsoft owns Activision Blizzard as of October 13, 2023, making the company a division of Microsoft Gaming.
- Why did Microsoft buy Blizzard? Microsoft defended the deal as good for gaming, saying its goal was to get Activision games to more people on more platforms rather than trying to deprive those games from rival console-makers.
About Compensation and Finances
- What is the average salary at Blizzard? The average Blizzard Entertainment hourly pay ranges from approximately $19 per hour for a Customer Service Representative to $114 per hour for a Senior Product Manager.
- What is the highest salary at Blizzard Entertainment? The highest-paying job at Activision Blizzard is a Vice President with a salary of $392,768 per year.
- How much money is Blizzard worth? The final net worth of Activision Blizzard on June 30, 2023, was $74.051B.
About Work Culture and Controversies
- Is Blizzard a good company to work for? Blizzard Entertainment has an overall rating of 3.6 out of 5, based on over 1,443 reviews left anonymously by employees, with 64% of employees recommending working at Blizzard Entertainment to a friend.
- What is the Blizzard scandal? The Blizzard scandal refers to the allegations of workplace misconduct, including constant sexual harassment, unequal pay, and retaliation, which were settled with a $35 million payment to the Securities and Exchange Commission (SEC).
- Did Activision pay $35 million after frat boy workplace issues? Yes, Activision Blizzard agreed to pay a settlement worth $35 million after the SEC accused the company of failing to properly address complaints of workplace misconduct.
About Gaming Industry and Market
- Who is the highest paid gaming CEO? The highest-earning CEOs in the gaming industry include Robert Antokol (Playtika) with $372 million, Bobby Kotick (Activision Blizzard) with $154.6 million, and Andrew Paradise (Skillz) with $103.3 million.
- Why can’t Microsoft buy Activision? The U.S. Federal Trade Commission (FTC) blocked Microsoft’s merger with Activision Blizzard due to concerns that the merger would harm competition in the video game industry by giving Microsoft too much power.
- Is Blizzard still making money? Yes, Activision Blizzard generated $2.2 billion in quarterly net revenue and $587 million in net income as of Q2 2023, with microtransactions, downloadable content, subscriptions, and licensing royalties contributing to its revenue.