Leidi.com Lotte November 17
NetEase disclosed in its third quarter financial report today that the national service agent authorization of NetEase and Blizzard will expire in January 2023 and will not be renewed. The game represented by Blizzard has contributed a percentage of NetEase's net income and net profit in the first nine months of 2021 and 2022, both of which are lower single digits. The expiration of authorization will not have a significant impact on NetEase's financial performance.
The joint development and distribution of Diablo Immortal is covered by another long-term agreement. NetEase said it will continue to perform its duties, make every effort to protect the rights and interests of players, and serve Chinese Blizzard players until the last moment.
It is reported that Blizzard Entertainment issued a statement today saying that since the existing license agreement with NetEase expires on January 23, 2023, most Blizzard game services in mainland China will be suspended, including " World of Warcraft ", "Heartstone", " Overwatch ", "Starcraft", "Warcraft III: Reset", "Diablo III" and "Heroes of the Storm". The joint development and release of Diablo Immortal involves separate agreements between the two companies.
NetEase responded today that it has been doing its best to negotiate with Activision Blizzard, hoping to promote contract renewal. After a long period of negotiations, it is still impossible to reach an agreement with Activision Blizzard on some key terms of cooperation. It is very regrettable that Activision Blizzard announced the suspension of cooperation today and had to accept this decision.
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