Paramount, Microsoft’s Activision Team Up For A Call Of Duty Live-Action Film

Paramount Skydance Corp. (PSKY) has teamed up with Microsoft Corp.-owned (MSFT) gaming studio, Activision, for a Call of Duty live-action film.

According to Paramount’s announcement, the deal will see the media and entertainment giant develop, produce, and distribute the film adaptation of the first-person shooter game.

The deal will see one of the most successful video game series getting the Hollywood treatment on the big screen. This comes weeks after Paramount bagged UFC rights for $7.7 billion in a seven-year deal with the TKO Group Holdings Inc. (TKO) unit.

Paramount’s shares declined over 2% during Tuesday’s midday trade, while Microsoft’s shares were down over 1%. Retail sentiment on Stocktwits around both companies was in the ‘bearish’ territory.

David Ellison, chairman and CEO of Paramount, called it a dream come true. “From the first Allied campaigns in the original Call of Duty, through Modern Warfare and Black Ops, I’ve spent countless hours playing this franchise that I absolutely love,” he said, adding that the company would honor the legacy of the Call of Duty brand.

Call of Duty was the best-selling video game in the U.S. for 16 consecutive years, according to a report by VGC, citing data from Circana for December 2024. Activision also told The Washington Post that the Call of Duty franchise has sold 500 million copies worldwide.

“With Paramount, we have found a fantastic partner who we will work with to take that visceral, breathtaking action to the big screen in a defining cinematic moment,” said Rob Kostich, President of Activision.

PSKY stock is down 14% year-to-date and 26% over the past 12 months.

Also See: Warren Buffett Masterminded The Kraft Foods, HJ Heinz Merger A Decade Ago – Its Split Has ‘Disappointed’ The Oracle Of Omaha

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