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Activision Blizzard CEO: No 'good reason' company won't hit 1 billion users in 5 years

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Activision Blizzard CEO Bobby Kotick said the move to mobile gaming should help the video game company reach 1 billion users in five years.

Activision Blizzard CEO Bobby Kotick spoke about the future of the gaming company at CNBC's Evolve summit in Los Angeles.Activision Blizzard CEO Bobby Kotick speaks at the CNBC Evolve conference November 19th in Los Angeles.CEO Bobby Kotick says the future of gaming is mobile, and that will lead to a lot of growth.

Kotick said the ability to play games on your phone, instead of spending hundreds of dollars on a gaming console or PC, has changed the whole gaming industry. The company's goal is to evolve its franchises to get onto mobile.

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