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Actionable news in ATVI: Activision Blizzard, Inc,

Wall Street says Activision Blizzard will be the Disney for the 21st century

Wall Street analysts predict Activision Blizzard is the future of media and entertainment as it enters new businesses such as esports, consumer products and advertising.

"With its stable of core franchises and a multitude of future growth opportunities, ATVI is building a Disney-type media business for the 21st Century, but with (much) higher operating margin," Jefferies analyst Timothy O'Shea wrote in a note to clients Friday.

"We see large opportunities around eSports, ads, mobile games, full-game downloads, and consumer products. But for 2Q, the big beat was driven by in-game spending, the biggest opportunity of them all."