While its competitors flounder and cut staff, Activision is still expanding, VARIETY reports.

The videogame maker is bringing Sledgehammer Games under its roof, letting Glen Schofield and Michael Condrey run the new studio. Both industry veterans are reportedly working on a yet-to-be-announced game for Activision.

"Both Glen and Michael have outstanding reputations in the industry," said Dave Stohl, executive VP of studios at Activision. "We are excited to add their combined 30 years of experience and expertise to our management team."