Strauss Zelnick

Grand Theft Auto maker Take-Two is laying off five per cent of its workforce as part of a new cost cutting program.

Grand Theft Auto publisher Take-Two has announced it will lay off five percent of its 11,000-strong workforce — equating to around 550 people — and cancel multiple in-development projects. The company said the move was the next stage in its ongoing restructuring plan, which began in February.

Take-Two Interactive is embarking on another cost cutting program, and this one will see the company layoff about 5% of its employees by the end of the year.

Take-Two Interactive, the publisher behind Grand Theft Auto, has announced plans to cut around 5 percent of its workforce, or around 600 people.

Take-Two Interactive plans to lay off 5 percent of its workforce, or about 600 employees, by the end of the year, as reported in an SEC filing Tuesday. The studio is also canceling several in-development projects. These moves are expected to cost $160 million to $200 million to implement, and should result in $165 million in annual savings for Take-Two.

Take-Two is acquiring Gearbox Interactive from Embracer Group for a cool $460m.

We knew Gearbox Software was about to be sold by Embracer, and today, Take-Two announced it had reached an agreement to purchase the 25-year-old Texan developer for $460 million.

US publishing giant Take-Two has acquired Gearbox Entertainment for $460 million, entirely in new stock. 

Embracer Group has announced that it has sold Borderlands developer Gearbox Entertainment to Take-Two Interactive.

Gearbox could be “closer than ever” to being sold off by its parent company Embracer Group, according to a new report.

The first photos showing off the upcoming Borderlands film have been released.

Upon its long-awaited announcement in December, Grand Theft Auto 6 was handed a 2025 launch window, and in its recent quarterly fiscal report, Rockstar Games’ parent company Take-Two Interactive reiterated that window, but when exactly in 2025 will the game be releasing? Judging by Take-Two’s revised bookings forecast for fiscal year 2024/25, the game might not release until at least April 2025.

Grand Theft Auto 6 is officially set to launch sometime in 2025, which means we’re still a ways off from getting our hands on it yet, but given the magnitude of the release and just how long the wait for it has been, there’s no shortage of anxious fans who’re wondering when exactly in 2025 the game will launch. And for now, Take-Two Interactive – the parent company of GTA developer Rockstar Games – has no concrete answer to that question.

There have been several anticipated game releases but Grand Theft Auto VI might easily overshadow them. This is a game installment fans have been waiting years to receive. Rockstar Games has been chipping away at the game project and it would have been underwraps for a rather long time until the breach. If you recall, a series of leaks caused gameplay footage and details of the game to emerge online. But it wouldn’t be until the end of last year when Grand Theft Auto VI was finally showcased to the world. 

It’s a dismal time to be in video game development, as companies continue to announce layoffs. Now, Take-Two Interactive – the parent company of Rockstar – is looking to enact a “significant cost reduction plan,” but it doesn’t necessarily mean redundancies.

Take-Two CEO Strauss Zelnick says the company has “no current plans” for layoffs, despite the launch of a strategy to reduce costs across the company.

Take-Two publishing label Private Division has delayed No Rest for the Wicked, the upcoming action RPG from Ori developer Moon Studios.

Ubisoft CEO Yves Guillemot believes the launch of GTA 6 will be «positive for the market» and expects it to launch after April 2025.

GTA VI was unsurprisingly brought up several times during Take-Two's Q3 2024 earnings call. When an analyst from BMO Capital Markets asked how the publisher and Rockstar would settle on the release date, Take-Two CEO Strauss Zelnick said in response:

Excitement over the upcoming release of Grand Theft Auto 6 (GTA 6) is letting publisher Take-Two Interactive Software Inc. deflect investor attention from a big problem: its $12 billion foray into the shrinking mobile-games business.

After watching the Grand Theft Auto 6 trailer, it's clear that the game has cost a pretty penny to develop, and it's caused quite the hubbub.

Come, ye weary faithfuls who have held fast to the dying flame—Grand Theft Auto 6 is upon us after ten long years. First, a rumour, then an official confirmation, and now, an official confirmation with a number attached. The sky may fall next.

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.

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. 

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.

Take-Two saw a net loss of $543.6 million for the three months ending September 30th.

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.

Take-Two Interactive reported its bookings fell 4% to $1.44 billion from a year ago for the second fiscal quarter ended September 30.

After wave after wave of mass layoffs impacted almost every major games company in the last several months, the Take-Two Interactive CEO Strauss Zelnick says he feels confident that the publisher is on the other side of what's been a highly fraught year for the industry.

Take-Two has suggested that development of Grand Theft Auto 6 won’t be held up if members of SAG-AFTRA, the labour union for American actors, decide to proceed with potential video game strike action.

With proper GTA 6 info coming soon, one of the big question marks is what Rockstar's acquisition of the devs behind the biggest GTA RP mods will mean for the upcoming game. That question was partially addressed at a recent earnings call for Rockstar parent company Take-Two Interactive.

«We're looking over our shoulders at our competitors,» Strauss Zelnick says.

Friends, the prophets spoke true. Mere hours after rumours began to spread that Rockstar was gearing up for an official Grand Theft Auto 6 announcement ahead of a proper trailer in December, Rockstar has gone and made an official GTA 6 announcement ahead of a proper trailer in December.

News on the next entry in Rockstar's open-world action series is imminent, according to reports.

Rockstar is said to officially announce the highly-anticipated GTA 6 as early as this week, Bloomberg reports.

Grand Theft Auto 6 will be officially announced by the end of this week and a trailer will follow in December, according to a new Bloomberg report. The report cites «people familiar with [Rockstar's] plans».

Rockstar's follow-up to its flagship franchise, , has arguably seen more hype and anticipation than any other gaming title ever. With a massive audience and following still enjoying and, it's no wonder those looking forward to the game are trying to pick up on any hints or leaks for the upcoming title. With the developers, Rockstar Games, remaining relatively tight-lipped about details and a somewhat underwhelming 10th-anniversary celebration for that lacked a announcement, it only helps fuel speculation surrounding the title.

Take-Two has refused to be drawn on whether it would be interested in acquiring Gearbox Entertainment, following reports that the Borderlands studio is potentially up for sale.

GTA V turns 10, but where's the GTA 6 reveal?

Two teenagers were part of the hacking group Lapsus$ that targeted Grand Theft Auto developer Rockstar Games and leaked footage of the upcoming GTA 6.

Grand Theft Auto V is still performing above expectations and drove results at Rockstar Games parent company Take-Two, and all signs point to a sequel close on the horizon.

«I suppose it's possible the lack of backward compatibility could enhance your revenue for a period of time, but at what cost?»

Take-Two's CEO gets a bigger payday if the company makes more money from microtransactions.

Take-Two, the publisher behind the upcoming Grand Theft Auto 6, is once again telling investors to expect something very big to arrive next year.

There's good news if you felt thrown by the $50 price tag for 13-year-old Red Dead Redemption's Nintendo Switch and PS4 release: Take-Two CEO Strauss Zelnick says the cost is right. Seriously, IGN reports that Zelnick had his reasons, which he clearly laid out after the company's Q2 earnings report, "That's just what we believe is the commercially accurate price for it." Satisfied now? 

Take-Two Interactive CEO and chairman Strauss Zelnick has said that Nintendo‘s next console should have backward compatibility if it’s technically possible.

Take-Two has hinted again at the possibility of GTA 6 being released before March 2025. 

Rockstar owner Take-Two Interactive has possibly again hinted at a GTA 6 release no later than March 2025.

Take-Two Interactive CEO and chairman Strauss Zelnick has defended the price of the upcoming Switch and PS4 ports of Red Dead Redemption.

Grand Theft Auto publisher Take-Two Interactive has reiterated that it expects a major turning point in its next fiscal year.

The Red Dead Redemption community has had mixed reactions to yesterday's announcement from Rockstar Games — a port of the original Red Dead Redemption to PS4 and Nintendo Switch.