Take-Two Interactive and 2K Games are facing a class-action lawsuit over the removal of purchased in-game currencies from accounts when a game's online features are taken offline.
09.11.2023 - 01:25 / wccftech.com / Strauss Zelnick
Today Grand Theft Auto fans got news they’ve been eagerly awaiting for a very long time, when Rockstar officially announced the first trailer for Grand Theft Auto VI will arrive sometime in December. Meanwhile, today also saw Rockstar parent company Take-Two Interactive release their latest quarterly earnings, which included a few more tidbits about what’s happening at the GTA studio.
Q2 2024, which ran from the beginning of July to the end of September, was a solid one for Take-Two, as they brought in $1.44 billion in revenue. That represents a small year-on-year decline, but is still respectable considering T2 has released very little this year, outside of their usual 2K Sports titles. Of course, one of the main drivers of T2’s business continues to be GTA V, as even with a sequel drawing near, the game is still doing very, very well. According to the latest earnings report GTA V has surpassed the 190-million-units-sold mark, meaning 200 million is likely an inevitability. Meanwhile, Red Dead Redemption 2 has sold over 57 million copies (geez Rockstar, pull up your socks).
Back on the subject of GTA VI, it seems like Take-Two’s fiscal year 2025 (which runs from the beginning of April 2024 to the end of March 2025) remains the most likely window for the massive game’s release. T2 is projecting revenue of a bit under $8 billion in FY2025, which is way above usual (by comparison, T2 is expecting revenue of $5.4 billion in FY2024). Previously, T2 was expecting to make slightly more than $8 billion in FY2025 instead of slightly less, but the fact remains, they’re still expecting a $2 to $3 billion boost in revenue next fiscal year. There aren’t many things other than GTA VI that could provide that kind of sudden windfall. For his part, Take-Two CEO Strauss Zelnick says the company will be entering “growth mode” in the years ahead…
“We've already gotten through the right-sizing we felt we needed to do, and we expect to be in growth mode going forward.”
What are your thoughts on all of this? Excited for GTA VI? How long until GTA V hits the 200 million mark?
Take-Two Interactive and 2K Games are facing a class-action lawsuit over the removal of purchased in-game currencies from accounts when a game's online features are taken offline.
Take-Two Interactive and 2K Games are facing a class action lawsuit accusing the company of theft and unlawful business practices, due to virtual currency becoming non-transferrable in its games once servers for previous titles are deactivated.
GTA 6 leak: Ever since Rockstar Games announced Grand Theft Auto 6 or GTA 6, leaks about the game have started surfacing at a rapid pace. Recently, a report suggested that GTA 6 might feature not two but three characters, including an infant that could influence the game's plot and be seen in cutscenes. Leaks also suggested that AI might be heavily involved in the game's development. Could all these groundbreaking features add to the game's cost, resulting in players shelling out more bucks to purchase GTA 6?
From The Last of Us and God of War to Mario and The Legend of Zelda (to name just a few), there has been no shortage of major gaming properties that are being adapted as TV shows or movies. And at a time where it feels like it’s only a matter of time before most major gaming franchises get snapped up for similar adaptations, it’s only natural to wonder when we’ll be seeing a Grand Theft Auto film.
With the Grand Theft Auto 6 trailer announcement being made recently, all eyes are once again on Rockstar’s behemoth franchise. Not that eyes were ever truly off it. GTA 5 is still doing phenomenally well, as outlined in Take-Two Interactive’s recent figures.
Two of the biggest bits of videogame news to come along this week were Nintendo's announcement of a live-action Zelda movie, and Rockstar's promise of a proper Grand Theft Auto 6 reveal in December. That might naturally lead your wandering thoughts to wonder when Take-Two Interactive will get around to making the Grand Theft Auto-based Hollywood blockbuster that's such an obvious, almost obligatory, project.
Artificial intelligence has found its way into many industries, including gaming, and Take-Two is considering how it can leverage the technology.
Take-Two has explained why a Grand Theft Auto film or TV show is seemingly unlikely to be announced anytime soon.
Strauss Zelnick, boss of GTA publisher Take-Two, has credited the company's «three-part strategy» as the reason it has managed to avoid mass layoffs this year.
GTA 6's publisher has hinted at an incoming release date for the newly-announced game.
Even if the current discussions between studios and video game actors results in a stike, Take-Two says GTA 6 is «completely protected.»
Take-Two saw a net loss of $543.6 million for the three months ending September 30th.