Activision Blizzard joins S&P 500
Call of Duty publisher added to influential large-cap market index
As Activision Blizzard goes, so goes the US economy. Sort of.
S&P Dow Jones Indices LLC has announced that after the close of trading today, Activision Blizzard will join the Standard & Poors 500, an index of large American companies seen as a key indicator for the country's economy.
"Joining the S&P 500 is a reflection of our talented teams' passion, hard work and commitment to excellence," said Activision Blizzard CEO Bobby Kotick. "We believe we are well-positioned for long-term growth, and we look forward to continuing to deliver value to our audiences and investors."
Activision Blizzard will be joining a number of big players in the games industry on the S&P 500, including Microsoft, Apple, and Facebook. It's not the first third-party publisher to make it to the index, either. Electronic Arts has been a part of the S&P 500 since its addition in 2002.