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Actionable news in ATVI: Activision Blizzard, Inc,

Why One Analyst Thinks Activision Is the Next Disney

Activision is building a powerful platform off its dominant games like Overwatch.

Investors are selling Activision Blizzard shares after the company’s late-Thursday earnings report. One analyst thinks the folks bailing out could be missing out on the next Disney.

“We see large opportunities around eSports, ads, mobile games, full-game downloads, and consumer products,” Jefferies analyst Tim O’Shea wrote Friday. “Activision is building a Disney-type media business for the 21st century, but with (much) higher operating margin,” a measure of...