Take-Two is one of the most popular video game publishers. The company has managed to release a series of hits among which we can count Grand Theft Auto 5, the NBA 2K franchise and the critically-acclaimed Red Dead Redemption 2.
The company has recently signed another deal with the NBA; a clear hint that more titles will come in the future. The introduction of new IP like Borderlands and Bioshock has also cemented the reputation of the company in the long run.
It is generally thought that the company will announce a release date for the next title in the GTA series at some point in 2019. Official statistics have showed that Take-Two’s stock will increase considerably in value after a new GTA title is announced. The numbers will usually reach almost 30% in comparison to base annual figures.
As more and more people continue to embrace gaming the video game industry is able to grow constantly when it comes to revenue. Other industries may fall behind this year but most analysts believe that the gaming industry will be able to reach new landmarks when it comes to profit and popularity.
Open-world games have remained popular with new titles being announced or established ones managing to reach impressive sale targets.
Large publishers like Activision and Bethesda, which are currently being affected by multiple media controversies but Take-Two has managed to avoid such issues by providing well-received games that sell well during the initial release window. Take-Two is also dedicated to providing a diverse selection of games across several platforms. Most of its titles are available for the PC and staple consoles like the PS4 and Xbox One. The company has also increased its presence on the mobile market, releasing several ports of its popular titles that were well-received by users.
If the next GTA title will be released on current consoles and the next generation Take-Two may reach a new revenue record.
Nicholas Jacob is just at the beginning of his career, but he has also had some of his work appear in publications like Android Authority or Digital Overload. Although earning a degree in business from Fordham University, Nicholas prefers to write about new technology and breakthroughs in science. Some of his favorite pastimes are digital drawing, watching TV series, and writing on his blog. He is always eager about the new gadgets on the market and likes to cover updates on software.