During an investor call, Morhaim stated that resources were indeed pulled from Titan, but it’s still in development after being overhauled. He also mentioned that Titan was “unlikely to be a subscription-based MMORPG” and that the develop was trying to figure out what “new direction” the MMO would take.
The investor call revealed that Blizzard’s revenues dropped 65% year-to-date, from $634M June 2012 to $224M June 2013. Blizzard’s operating income was even more drastic, dropped 84% year-to-date, from $371M to $60M.