Hand the rights over? You do know the game belongs to them and Activision, if they stop making Destiny that means there is no more destiny.
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No, it doesn't. See my above comments about the critical risk clause. They're partners, but Activision is the senior partner since they invested more money. Activision can remove Bungle from the project and continue making Destiny games for the remainder of the ten year contract. At the end of that ten years the rights go solely to Bungle. They can then make Destiny content without Activision or their money, or they can renegotiate a new contract with Activision's involvement. The later certainly would not happen if Activision had to remove Bungle due to mismanagement.
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Yeah, it seems some are taking this as face value knowing it will never happen even though it should. IMO I don't believe that if it did happen that that means there wouldn't be no more Destiny.