Activision Blizzard settles its EEOC lawsuit with an $18 million payout

In order to settle a lawsuit brought by the US Equal Employment Opportunity Commission, Activision Blizzard has agreed to establish an $18 million fund for eligible claimants -- meaning, employees who were harmed by the company's discriminatory hiring and management practices. The EEOC lawsuit was filed Monday, and that same afternoon, Activision Blizzard announced the $18 million conclusion. Activision Blizzard is the company behind blockbuster video game franchises including Call of Duty, World of Warcraft, Diablo and Overwatch. Activision Blizzard's revenue for the year 2020 was $8.1 billion, with a profit of more than $2 billion. Today's $18 million agreement follows a three-year investigation into Activision Blizzard by the EEOC.