Activision had $40M in revenue and $60M in losses in 1991
Howard Marks · 1107 Activision Blizzard CEO: ICO's are Just Like Selling Digital Swords in Mortal Combat! · Aug 5, 2018 · at 5:16
Howard Marks explains Activision's distressed financial condition prior to his team taking over the company in 1991.
0:00 / 0:14exact quote · 14.9s
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“They had about 60, they had about forty million In revenue with sixty million of losses. It's called negative, negative revenue, which means the cost of making those cartridges at that time cost them more than what they sold it for.”
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