0000000000-20-000226.txt : 20200310 0000000000-20-000226.hdr.sgml : 20200310 20200109123838 ACCESSION NUMBER: 0000000000-20-000226 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200109 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Activision Blizzard, Inc. CENTRAL INDEX KEY: 0000718877 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 954803544 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 3100 OCEAN PARK BLVD CITY: SANTA MONICA STATE: CA ZIP: 90405 BUSINESS PHONE: 3102552000 MAIL ADDRESS: STREET 1: 3100 OCEAN PARK BLVD CITY: SANTA MONICA STATE: CA ZIP: 90405 FORMER COMPANY: FORMER CONFORMED NAME: ACTIVISION INC /NY DATE OF NAME CHANGE: 19930114 FORMER COMPANY: FORMER CONFORMED NAME: MEDIAGENIC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ACTIVISION INC DATE OF NAME CHANGE: 19880829 PUBLIC REFERENCE ACCESSION NUMBER: 0001047469-19-000788 LETTER 1 filename1.pdf begin 644 filename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Form 10-K for the Year Ended December 31, 2018 Filed on February 28, 2019 File No. 001-15839 Dear Mr. Durkin: We have reviewed your November 26, 2019 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our October 31, 2019 letter. Form 10-K for the Fiscal Year Ended December 31, 2018 Management's Discussion and Analysis and Results of Operations Consolidated Net Revenues, page 44 1. In your response to prior comment 1 you indicate that the quantified discussion of the changes in revenue from each of your reportable segments provides the material period- over-period changes in your consolidated net revenues. The change in the individual segment net revenues, as provided in your consolidated net revenue discussion, can easily be obtained from your financial statement footnotes; however, the impact of the various factors that affected such change is not evident from your disclosures. For instance, you state that the increase in consolidated net revenues for fiscal 2018 was due, in part, to an increase of $455 million in revenues from Activision, which you attribute to higher revenues from the Destiny franchise, Call of Duty: WWII, Call of Duty: Black Ops 4 and Dennis Durkin Activision Blizzard, Inc. January 8, 2020 Page 2 Spyro Reignited Trilogy, offset by lower revenues from Call of Duty: Infinite Wars. While we acknowledge the additional quantitative disaggregation information you provide (e.g. revenue by distribution channel, platform and geography), please explain further to us why you believe it is not necessary to provide quantified information regarding how your key franchises have impacted your revenues. In this regard, you state on page 3 that building strong established franchises and creating new franchises through compelling content is at the core of your business, and you specifically cite such franchises as having an impact on your revenue. In your response, please provide us with a breakdown of your key franchise titles for each period presented. Note 2. Summary of Significant Accounting Policies Revenue Recognition , page F-17 2. We note your response to prior 4 as well as comments 5 and 6 in your September 19, 2019 response letter. We continue to evaluate your responses and may have further comments. You may contact David Edgar, Staff Accountant at (202) 551-3459 or Kathleen Collins, Accounting Branch Chief at (202) 551-3499 if you have questions regarding comments on the financial statements and related matters. Sincerely, FirstName LastNameDennis Durkin Division of Corporation Finance Comapany NameActivision Blizzard, Inc. Office of Technology January 8, 2020 Page 2 cc: Jarva Brown FirstName LastName