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Activision (ATVI) launches The Blast Furnace, its first mobile gaming studio. As expected, the...

Activision (ATVI) launches The Blast Furnace, its first mobile gaming studio. As expected, the unit is based out of the U.K., and features vets from Take-Two's (TTWO) Rockstar Games division. Compared with archrival Electronic Arts (EA), which obtained 16% of its revenue from mobile in Q2, Activision is a laggard in mobile gaming. But between the studio and the June creation of an iOS/Android publishing arm, the company is trying to make amends.
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