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Today's Drop is a ~5 min read!
What's Going Down In The Market? Everything.
Logitech ($LOGI) - The stock plunged yesterday following a weak outlook. As always the market prices information in almost instantaneously and the stock fell -10% as a result.
Activision Blizzard ($ATVI) - Many are aware of the sexual harassment lawsuit and the company's subpar response to the allegations. The stock has been on a rather stead decline since the initial news of the allegations, and will likely waver with the progression of the lawsuit.
Activision Blizzard Employees Plan Walkout on Company
Following the large letter signed by the now 2,600 Activision Blizzard employees, there is now a planned walkout by many members of the company. The employees are planning to stop working today in response to the behavior of the company with regards to the sexual harassment lawsuit.
The suit was first filed on July 22nd through the California Dept. of Fair Employment, and detailed the different claims and allegations of behavior by the company. The company culture was often said to allow constant sexual harassment and gender-based discrimination, amongst many other games. Actions included in the lawsuit were derogatory comments and a hostile work environment. Activision Blizzard, however, claimed that the lawsuits contained "distorted, and in many cases false, descriptions of Blizzard’s past."
This behavior caused an uproar within the company's employee base, who said the company "doesn't hold abusers accountable for their actions", and that the statements "damaged our ongoing quest for equality inside and outside of our industry.” Protestors had this to say:
"As current Activision Blizzard employees, we are holding a walkout to call on the executive leadership team to work with us on the following demands, in order to improve conditions for employees at the company, especially women, and in particular women of color and transgender women, nonbinary people, and other marginalized groups."
Employees who work on site at the main Blizzard campus are planning to meet outside of the building's gate, while remote workers will be using the hashtag #ActiBlizzWalkout in order to participate. Workers have also been reported suggesting that gamers from other divisions in the industry also participate in solidarity with Activision Blizzard in recognition that this behavior is not an isolated incident in the gaming world. The workers are holding out hope that this withholding of manpower will cause a disruption in the executive parts of the company, and aid them in their cause for equality and better workplace conditions.
OpTic Chicago and Dallas Empire Take 1st in Call of Duty League 2021: Stage 5
OpTic Chicago and Dallas Empire ended the Call of Duty League 2021: Stage 5 on first place in their group. Let's start with group A. This is where the Paris Legion and the revamped New York Subliners completely failed, ending the group stage 1-4. The London Royal Ravens played a little better than them, having won the two teams with a score of 3:2, but lost to three favorites, finishing the group in fourth place. Although the Los Angeles Thieves beat OpTic Chicago last week, they could only be content with third place due to two losses.
Results of group A
In group B, the weakest participant of this tournament was calculated - Los Angeles Guerrillas. The team, unfortunately, did not win a single match and took the last place. The Seattle Surge, who only beat the Los Angeles Guerrillas, finished Group B 1-4. Although the Florida Mutineers finished Group B with a 3-2 result, they lost in a personal fight to Minnesota RØKKR, so they took only fourth place.
Results of Group B
Call of Duty League 2021: Stage 5 Major will take place in Arlington, TX at Esports Stadium Arlington from 29th of July until 1st of August. The prize pool of the tournament is $500,000.
New Content On The Horizon
Animal Crossing: New Horizons is finally getting some new and long awaited content. Nintendo had acknowledged already that there was a large delay in content, and they understand that fans are eager for some new in-game fun. There were plenty of updates since the game's release already, such as the Mario themed one that had floating blocks and transport tubes. Now, fans can expect some more small updates on July 29th.
Currently, the game has big plans for the addition of fireworks shows that will occur weekly for players to watch and enjoy. There will also be multiple limited-edition seasonal items such as an Eggplant Cow and a Cucumber Horse. You can even drink boba tea, among a few other things. And who doesn't love boba tea? Nintendo wants to assure its fans that there are many changes coming in the next few months, they just need a little more time and patience that is always much appreciated. The Animal Crossing team is working hard to bring us lots of great new content, so we're sure that in time it will be well worth the wait!
Unreal Engine 5 Shows Future of Next Gen Software
Cutting-edge graphics have always been an area that keeps being pushed in the video game industry. As time passes we see new and innovate visuals that seem to blur the lines between reality and fantasy. Video game graphics have been improving exponentially, and we have been seeing even more beauty for an upcoming game engine.
The Unreal Engine 5 already has some early access adopters. The Unreal Engine is a game engine developed by Epic Games for developers to create their games. The engine was first created in 1998 and the most recent edition, Unreal Engine 4, was released in 2014. It was only recently that Epic Games unveiled Unreal Engine 5 for an early 2022 release. Different companies planned to use this new engine already and Sony spent $20 million to acquire minority stake in Epic Games. Earlier this year, Epic released a tech demo for Early Access. The Coalition which is an Xbox-owned studio in charge of developing Gears of War 5 announced in May they will be using the Unreal Engine 5.
A glimpse of what is to come. At the Game Developers Conference this year The Coalition revealed a technical demo utilizing many next-gen visuals, such as ray-tracing and realistic texture. They were able to showcase not only rendered environments, but also character models with an incredible amount of details.
We hope today's article blew you away!
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