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Activision CEO sees no signs of economic recovery

Posted on Friday, May 14 2010 @ 00:05:17 CEST by

CNBC had an interview with Activision CEO Robert Kotick about the game industry. One of the things Kotick reveals is that he doesn't see any sign that the economy is going to materially change any time soon, but that the game industry is a great place to be in right now.
CNBC's poor Julia Boorstin gets clotheslined (metaphorically, although it would be funny in real life) when she asks Robert whether the American consumer is back on track, no doubt hoping for a fervent yes as the cue cards said. At that point the man whose top line lives and dies by the vagaries of the 18-45 year old's spending habits takes a two second pause and replies: "We don't think so. I think that from a a macroeconomic perspective we definitely are in a challenging time and nothing that we see would give us encouragement that the economy is going to materially change any time soon."

Source: Zero Hedge



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