![]() Net revenues for the third quarter were $2.5 billion (+35.1% Y.Y). The Chinese concern flagged the end of its partnership with Blizzard in November 2022, when it told shareholders the games it licensed delivered "low single digits as a percentage of NetEase's total net revenues and net income in 2021 and in the first nine months of 2022.I applaud the excellent Q3 earnings report from NetEase. The company even used LinkedIn to criticize Blizzard's actions to an international audience. The tirade includes terms that could constitute a crude sexual insult related to engaging multiple partners at once. NetEase's post also pointed out that it was not comfortable negotiating with Blizzard while the US-based gaming giant talked to other prospective partners. As reproduced in Chinese media the statement accused Blizzard of negotiating in bad faith, unilaterally implementing the save progress feature in ways that mean NetEase cannot guarantee its security or functionality, and acting against gamers' interests. NetEase responded to Blizzard with a … erm … blizzard of insults in its own social media post. Minecraft's 'first luxury goods collection' features real-world $3,000 Burberry coat. ![]() Microsoft launches full-court press to save $69B Activision deal.China declares victory over teenage video game addiction.Microsoft-FTC dispute over Activision deal hits court.But the prospects of the deal happening in a hurry are not good, thanks to lawsuits and regulatory complications. If Microsoft can pull off the acquisition of Activision, Blizzard's parent company, the software leviathan is a strong candidate for that role. The gaming biz did not indicate who might take up the role of operating its games in China, or when it will happen.
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