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Destiny won't be a CoD killer because they probably won't be competing. Destiny was released in September where CoD is usually released in November. I'm sure you can expect this every year, Activision releasing Destiny in September then two months later release CoD.

The games won't be competing with each other. Now if only other developers can understand this concept they won't send games off to die then complain that they got low sales for such and such because not only did they release them in the biggest game release months of the year, but they released five of their own games within weeks of one another.