How much stock did blizzard lose because of Diablo Immortal

It is famous for games such as 'The Lord of the Rings: Rise to War', 'Vikingard', 'Lifeafter' and 'Knives Out'. The company operates both in China and internationally. CNBC's Arjun Kharpal contributed to this report.NetEase is a Chinese technology company that operates in three segments - online games, search engine (Youdao) and online music (Cloud Music). The industry has faced intense scrutiny as part of a broader regulatory tightening on China's domestic technology companies. Thursday's move comes at a sensitive time for the Chinese games industry which is only just emerging from a months-long freeze of approvals from regulators. The game's release had been delayed beyond June 23 after issues with network and performance optimizations. The publishing of the hotly anticipated mobile and PC game Diablo Immortal in China will not be affected as it is covered by a separate agreement between the firms. The ending of the arrangement 'will have no material impact on NetEase's financial results,' the company added.

NetEase said net revenues and net income contribution from the licensed Blizzard games 'represented low single digits' as a portion of its overall sales and profits in 2021 as well as the first nine months of this year. 'Their enthusiasm and creativity inspire us, and we are looking for alternatives to bring our games back to players in the future.' 'We're immensely grateful for the passion our Chinese community has shown throughout the nearly 20 years we've been bringing our games to China through NetEase and other partners,' said Blizzard President Mike Ybarra.

Upcoming releases for World of Warcraft: Dragonflight, Hearthstone: March of the Lich King and season 2 of Overwatch 2 will proceed as normal later this year, it added. New Blizzard game sales will be suspended in mainland China 'in the coming days,' Blizzard said. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

How much stock did blizzard lose because of Diablo Immortal