Iconic 'Guitar Hero' video game gets the ax

Iconic 'Guitar Hero' video game gets the ax

Ouch.. Blizzard takes a hit today in the aftermarket after earning release with the stock price. The company still makes a ton of money because of its online business. The stock price of Blizzard is down almost down 10% because of the financial earning news.

I think that once the stock is down 10%, by looking at yearly stock chart, it is at the level which makes it a buy. I am going to put some money in the ATVI with my retirement account which is not a part of this trading blog.

Anyways, the point of this post is to say OMG they are cutting loose the guitar hero. We all know that it was coming, you can only make so much money with the music genre. I mean look back at the old DDR series and DJ games, all the music games eventually get AXed from the parent company because they are simply not money makers aside from the one hit wonder.

I actually think that Blizzard is better off by axing the guitar hero unit. They should concentrate more of their investment with online games. Because I believe that is where the future money will be in.