Take-Two Sells 34 Million Copies of 'GTA V'

October 29, 2014 - GamePolitics Staff

As part of his company's Q2 FY2015 earnings call, Take-Two CEO Strauss Zelnick revealed that Grand Theft Auto V has sold 34 million copies worldwide since its launch late last year. Those figures represent sales on the Xbox 360 and PS3 since late last year. Zelnick went on to say that these numbers are good because the company has not reached full saturation in all markets. The game is set for launch on PS4, Xbox One and PC.

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Linsday Lohan's Lawyers Modify Focus of 'GTA V' Lawsuit Against Take-Two

October 10, 2014 - GamePolitics Staff

Lindsay Lohan's lawsuit against Rockstar/Take-Two Interactive for her alleged depiction in Grand Theft Auto V has shifted its focus to be compatible with New York State law (the jurisdiction where the lawsuit was filed) and the amended complaint filed by Lohan's lawyers has gone from 10 to 67 pages long, according to the Hollywood Reporter.

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Rumor: CM Punk Rep. Negotiating With WWE Over 'WWE 2K15'

September 9, 2014 - GamePolitics Staff

According to this GameSpot report, legal representatives for former WWE wrestler CM Punk (real name, Phil Brooks) are in talks with WWE officials to sort through a number of unsettled issues - including CM Punk's inclusion in 2K Games' upcoming WWE-branded wrestling game WWE 2K15. According to the report, which cites "sources connected to the matter," CM Punk is upset over being included in 2K's upcoming game.

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Rumor: Activision in Talks to Buy Take-Two

September 1, 2014 - GamePolitics Staff

GamesIndustry International talks to two financial analysts who closely watch the video games industry sector about what they make of rumors that Activision could possibly acquire Take-Two. This rumor began circulating over the weekend after Mike Hickey, an equity researcher for the Benchmark Company, sent a note to investors on Friday claiming that the two companies were engaged in what he categorized an "emerging romance."

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Rockstar Calls Lindsay Lohan's GTA V Lawsuit 'Frivolous'

August 27, 2014 - GamePolitics Staff

Grand Theft Auto V maker Rockstar Games and its parent company Take-Two Interactive responded to Lindsay Lohan's lawsuit in a Manhattan Court filing on Tuesday. The companies said in their response to Lohan's lawsuit that the Hollywood star "filed [the lawsuit] for publicity purposes." They also called the lawsuit frivolous.

They are asking the court to dismiss the lawsuit and for Lohan to pay its legal fees.

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Take-Two Records Small Loss in Q1 2015

August 6, 2014 - GamePolitics Staff

Take-Two posted a net revenue of $125.4 million in the first quarter of its 2015 fiscal year, down 12 percent compared to the $142.7 million recorded for the same period a year ago. The company's net loss shrank by nearly 43 percent to $35.4 million, down from $61.9 million last year.

NBA 2K14, Grand Theft Auto V, Grand Theft Auto Online, and Borderlands 2 drove revenue for the quarter.

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Take-Two CEO Sees Oculus Rift as 'Anti-Social,' Geared Towards 'Core Gamers'

May 30, 2014 - GamePolitics Staff

Take-Two CEO Strauss Zelnick says that, while the Oculus Rift virtual reality headset is great for core gamers who want to immerse themselves in a gaming experience, it may not be so good for social interactions with friends and family from the living room couch.

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Take-Two: BioShock, Red Dead Redemption Not Dead

May 30, 2014 - GamePolitics Staff

Take-Two Interactive CEO Strauss Zelnick revealed yesterday during a Cowen and Company analyst conference (covered by GameSpot) that a new Red Dead Redemption game is on the way and that BioShock is not dead.

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Take-Two CEO Praises New Kinect-Free Xbox One

May 16, 2014 - GamePolitics Staff

Take-Two Interactive CEO Strauss Zelnick told GamesIndustry International that he is pleased that Microsoft decided to unbundle the Kinect from Xbox One, in turn allowing consumers to pick up the system for $100 less.

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Some 2K Games Will Lose Online Support After GameSpy Shutdown

April 22, 2014 - GamePolitics Staff

2K Games says that the upcoming shutdown of online-service provider GameSpy Technology (owned by Glu) will "temporarily" take Borderlands and several Civilization games offline. The publishing label of Take-Two plans to transition some of the affected games from GameSpy to Steamworks, while nearly 20 other titles will lose online support.

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Former 'Mob Wives' Star Sues Take-Two Over Grand Theft Auto V

February 26, 2014 - GamePolitics Staff

Karen Gravano, the daughter of New York City mobster-turned-informant Sammy "The Bull" Gravano, has filed a lawsuit in Manhattan against Take-Two Interactive and Rockstar Games, claiming that the game makers made a character based on her without her permission in Grand Theft Auto V.

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Irrational Games to Close After BioShock Infinite DLC is Released

February 18, 2014 - GamePolitics Staff

Irrational Games founder and Bioshock creator Ken Levine announced via the Irrational Games web site that the studio would be shutting down and laying off all but 15 people. The studio, which was bought out by 2K Games (Take-Two) in January of 2006, will shut down after it finishes up work on the BioShock Infinite downloadable content, the second part of Burial at Sea. The DLC is set for release next month.

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Take-Two Rakes in $578 Million in FYQ3 on GTA V Sales

February 4, 2014 - GamePolitics Staff

Publisher Take-Two Interactive released financial results for its fiscal third quarter ending December 31, 2013, revealing that it raked in a whopping $578 million in profits. The company attributed the lion's share of this profit to its latest game in the popular Grand Theft Auto series, Grand Theft Auto V.

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Report: 2K Czech Prague Office Closed, Some Staff Moved to Other Studios

January 10, 2014 - GamePolitics Staff

Eurogamer has confirmed with 2K Games that the headquarters of 2K Czech in Prague (where Mafia 3 was rumored to be in development) has been closed and some of the staff has been moved to its offices in Brno. Some staff were laid off as well.

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Report: Major Layoffs Hit 2K Marin, Studio Could be Closing

October 18, 2013 - GamePolitics Staff

Yesterday news broke about a round of layoffs at Take-Two Interactive's 2K Marin studio. The publisher confirmed that it underwent "staff reductions" at the studio behind The Bureau: XCOM Declassified, but now reports are emerging that the staff was effectively reduced to zero.

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GTA V Now Holds Seven Guinness World Records

October 9, 2013 - James Fudge

Rockstar Games' Grand Theft Auto V has managed to get itself into the official record books seven times.

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NYU-Poly Roundtable Discusses Supporting the Video Games Industry in New York City

September 20, 2013 - GamePolitics Staff

Twenty-five executives and experts in the interactive entertainment industry are taking part in an event to discuss how New York City lawmakers can attract and support an industry that generates nearly $5 billion a year today. The event is being hosted and sponsored by Polytechnic Institute of New York University (in Brooklyn, NY).

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Take-Two Warns GTA V Video Makers About 'Spoilers'

September 17, 2013 - GamePolitics Staff

Rockstar parent company Take-Two Interactive told fans in this support forum thread that it is "happy for fans" to upload gameplay footage, but warns them that any videos containing spoilers and other "in-game entertainment" will be flagged for removal via a takedown notice to whatever service they might be using.

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Report: GTA V Costs $266 Million to Develop and Market

September 9, 2013 - GamePolitics Staff

Rockstar Games' upcoming open-world action game Grand Theft Auto V may have cost up to $266 million to develop and market, according to a report by Scottish newspaper The Scotsman. The article also claims that industry analysts expect the game "could sell" upwards of 25 million copies in its first year on the market. That would generate over $1.56 billion in sales for Take-Two Interactive, they say.

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Take-Two Files Complaint With WIPO Over GTA V Domain

August 7, 2013 -

Rockstar Games parent company Take-Two Interactive filed a complaint this week with the World Intellectual Property Organization (WIPO) seeking to claim the domain GTAV.com. The domain name is currently registered to a Spanish resident and listed as "for sale." While the domain name currently redirects users to the official Grand Theft Auto V website, in February it sent users to a blog about the game.

Take-Two has filed more over 24 disputes against websites related to GTA V - including one that promised access to a beta test of the game (gta5betacode.com).

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Publishers Still Deliberating on Used Games in Next Generation

June 25, 2013 -

While Microsoft, Sony, and even Nintendo seem to be on the same page about messing with used games on their new systems, publishers are still being non-committal about how they will approach used games sales in this new generation. In the past some have tried everything from always-on DRM to online passes and even forcing customers to use software clients in order to play their games.

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Take-Two Describes Taxing Used Xbox One Games as 'Punishing Consumers'

May 31, 2013 -

Speaking to an audience at the Cowen Technology, Media, and Telecom Conference this week, Take-Two CEO Strauss Zelnick describes Microsoft's plan for a licensing fee on used games as "punishing consumers," and makes it sounds like his company is not in the loop when it comes to getting some of that licensing fee on Xbox One games.

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Take-Two Reports a Net Loss of $31.2 Million for Fiscal Year

May 14, 2013 -

For the fiscal year that ended on March 31, publisher Take-Two recorded a loss of $31.2 million on revenue of approximately $1.2 billion, the company announced last night. For the fourth quarter, the company raked in revenue of of $299.5 million, up from $148.1 million from the same period a year ago. Net income for the quarter was $21.2 million, up from a net loss of $66 million from the same period a year ago.

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2K Games Will Not Exhibit at E3 This Summer

April 29, 2013 -

2K Games will not be on the show floor at the 2013 Electronic Entertainment Expo this summer, according to an announcement on its website. The company did not give any particular reason for not attending this year's show, only promising to release information on its slate of upcoming games later this spring.

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Report: Take-Two Secures WWE License, Plans First Release This Fall

February 20, 2013 -

ESPN is reporting that Take-Two Interactive has signed an exclusive five-year deal with World Wrestling Entertainment to create and publish WWE-based wrestling games. The new WWE-based games will fall under the name "WWE 2K," with the first game to be released this fall as WWE 2K14, reports ESPN. Take-Two and the WWE have not made an official announcement about this deal yet.

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BMO Capital Markets Analyst Reacts to Grand Theft Auto V Delay

January 31, 2013 -

After announcing that Grand Theft Auto V would be getting released a little later in the year than was previously announced and expected, some financial analysts have decided to adjust their opinion on Take-Two Interactive's future earnings. One such firm is BMO Capital Markets.

BMO Capital Markets analyst Edward S. Williams said in a note to investors that Take-Two moving the upcoming launch of Rockstar's Grand Theft Auto V for the PS3 and Xbox 360 from a spring 2013 release window to Sept. 17 will have an impact:

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Nevada Lawmakers Defend Take-Two Las Vegas Deal

January 7, 2013 -

As news of the Sandy Hook Elementary shootings in Newtown, Connecticut were coming to light on December 14, the finishing touches were being put on a deal with the Nevada Economic Development Board and Take-Two Interactive (see Vegas Inc. for the details). This week that deal is being questioned by the media in the state.

Billionaire Ken Griffin Now Owns Six Percent of Take-Two

January 4, 2013 -

According to documents unearthed by Motley Fool, Billionaire Ken Griffin has increased his financial stake in publisher Take-Two Interactive. Ken Griffin's Citadel Investment Group now holds 5.5 million shares in the company, according to a December 28 filing with the Securities and Exchange Commission. That's a substantial jump from the 3 million shares of Take-Two stock held by Griffin's group in October of 2012.

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Take-Two CEO: Some Third-Party Publishers Will Not Survive Jump to Next-Generation of Consoles

November 30, 2012 -

Take-Two CEO Strauss Zelnick told attendees at the Credit Suisse 2012 Technology Conference in Scottsdale Arizona that he expects some third-party publishers to die off as they attempt to make the jump to the next console generation.

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Take-Two CEO: Annual Releases Can Hurt Franchise Sales

November 28, 2012 -

My, Mr. Zelnick sure is chatty this week.

Take-Two CEO Strauss Zelnick told GameSpot UK that the secret to Grand Theft Auto's continued success is the fact that the games are released years apart, making each debut special.

"It's our view that if you want intellectual properties to be permanent," said Zelnick, "then you run the risk in that circumstance of having consumers fall out of love with that franchise. [Activision] obviously views the world differently."

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WonderkarpRight, I'm not going to argue with Black Manta. I've already argued once today on the Internet. Thats one time too many. Anybody hear about the Star Wars Spinoff news?11/24/2014 - 8:43pm
black mantaIf it's imprtant at all.11/24/2014 - 8:43pm
black mantaI'm with Andrew. I fail to see how this really improves anything. The importance of this is overstated.11/24/2014 - 8:42pm
Matthew Wilsonit should be obvious what those links are, but more transparency is never a bad thing in my eyes.11/24/2014 - 8:42pm
Wonderkarpyeah.11/24/2014 - 8:41pm
black mantaAll I see is GG ruining everything it touches in the name of some misguided and twisted notion of "ethics."11/24/2014 - 8:41pm
Andrew EisenWell, unless this was something the FTC was already working on. And still, it remains to be seen what its guideline updates actually say.11/24/2014 - 8:40pm
Wonderkarpand other media I suppose11/24/2014 - 8:39pm
WonderkarpI repeat, Its concidered a victory because, if its true, then it shows they are causing change in (Changes) Journalistic Practices in Games Media.11/24/2014 - 8:38pm
Wonderkarpits not the easiest "Ethical Issue" to discuss. Its more trivial. I'm playing devils advocate on this one.11/24/2014 - 8:36pm
black mantaEthics in what? Advertising? All you're doing is needlessly complicating things. There's no "victory" in that.11/24/2014 - 8:35pm
WonderkarpIts just a article's title. Its concidered a victory because, if its true, then it shows they are causing change in ethics. We were discussing those ethics11/24/2014 - 8:33pm
Andrew EisenNot knowing what cards a retailer accepts beforehand can be a headache. Not knowing the site you came from to purchase a good gets a small percentage of the sale? I'm not seeing it.11/24/2014 - 8:32pm
black mantaFurther evidence that shows just how horribly misguided this movement is.11/24/2014 - 8:30pm
black mantaSorry, no. A little blurb stating the obvious is hardly a major "victory."11/24/2014 - 8:29pm
WonderkarpI went to Costco on saturday, new costco, to sign up. and at the very end right before the membership, right as I'm swipping the card, they tol dme they only accept Amex...A little Disclosure helps11/24/2014 - 8:24pm
Wonderkarpand it just feels like having that disclosure somewhere will avoid headaches.11/24/2014 - 8:23pm
Wonderkarpyep. alot of people are very ignorant and look at life as black and white and are naive.11/24/2014 - 8:22pm
Andrew EisenThat's what I'm asking though. Are there a significant number of people that don't realize that's what happens when you buy the product through that link?11/24/2014 - 8:20pm
Wonderkarpits just a disclosure. if there is a tiny paragraph in the legal mumbo jumbo at the bottom of the page, its perfectly ok.11/24/2014 - 8:18pm
 

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