Should Activision Blizzard Worry About Tencent's New "Overwatch" Competitor?

Activision Blizzard's (NASDAQ: ATVI) Overwatch, released in 2016, has been one of the most popular first-person shooters on the market. Overwatch League is entertaining thousands in its current third season in esports, and as many as 50 million people have bought a copy of the game since its release nearly four years ago. 

But gamers can be fickle. On Monday, Tencent's (OTC: TCEHY) Riot Games announced its first new franchise in more than a decade. It's called Valorant and is scheduled to be released this summer. Riot Games is well known for League of Legends, one of the most widely played PC games since it launched in 2009. 

It's possible Valorant could emerge as the Fortnite of 2020 and steal players away from Overwatch. But even if that happens, it may not impact Activision Blizzard that much. Here's why.

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Source Fool.com