take-two financials

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Take-Two “highly skeptical” of subscriptions such as Xbox Game Pass being the primary way games are distributed

By Stephany Nunneley, Saturday, 7 November 2020 15:59 GMT Rockstar parent company doesn’t think subscription services such as EA Play are the future.Speaking during a call to investors, Take-Two president, Karl Slatoff, said while the firm remains open-minded, it’s “highly skeptical”  subscriptions such as Xbox Game Pass will be the “primary way that interactive entertainment is distributed.”“We’re highly skeptical that subscriptions will be the only way or the primary way “highly skeptical”  subscriptions such as Xbox Game Pass that interactive entertainment is distributed,” said Slatoff.“And that’s because of the way people consume it. And the price point for owning a title,…

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GTA firm Take-Two reckons it could charge more than $60 for its games

By Alex Calvin, Friday, 6 November 2020 18:02 GMT Take-Two thinks that it should be asking for more than $60 for its releases. That’s according to CEO and chairman Strauss Zelnick, who was asked by an investor during its recent financial about whether the company would consider making titles like Grand Theft Auto free-to-play. The exec said that he feels the company sells its products for less than they are worth.The exec’s reasoning is that people buy games like Grand Theft Auto 5 and Red Dead Redemption 2 for $60, but then they can enjoy their online modes entirely free…

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GTA Online to get exclusive content on PS5, Xbox Series X and PC next year

By Sherif Saed, Tuesday, 4 August 2020 12:20 GMT Rockstar wants to make it worthwhile for GTA Online players to embrace next-gen consoles.Take-Two, the parent company of GTA Online developer Rockstar, revealed as part of its Q1 earnings call that the game is getting new content exclusive to PS5, Xbox Series X and PC.The new content will arrive sometime in 2021. GTA 5, of course, was previously announced for PS5 and later Xbox Series X, due for release in the second half of the the year. A standalone version of GTA Online is also due out in the same period…

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Giving away GTA 5 on the Epic Store only boosted game sales and GTA Online revenue

By Sherif Saed, Tuesday, 4 August 2020 08:45 GMT Not even giving the game away for free could slow down GTA 5’s momentum.Take-Two had a record-setting quarter thanks to its ongoing games. As part of the publisher’s earnings for Q1 of FY2021, CEO Strauss Zelnick touched on the performance of GTA 5 and GTA Online, which somehow continue to set new records.More specifically, the company contextualised the decision to offer the game for free on Epic Games Store for a limited time in May. You’d think that giving the game away for free would negatively impact revenue, but it had…