take two

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. That’s according to CEO and chairman Strauss Zelnick, who told IGN recently that there are “no current plans” to lay staff off. The specifics of this plan are said to still being worked out, but Zelnick says there are other areas that need looking at, such as…

Grand Theft Auto 6 is set to release some time in 2025, with developer Rockstar Games announcing the much-awaited title via a trailer late last year. The GTA 6 trailer, which has 174 million views on YouTube at the time of writing, came out December 5, showing off shiny visuals, a dense and detailed Vice City, and a Tom Petty song that has since experienced a 37,000 percent increase in its Spotify streams. But hours before Rockstar was forced to actually put out the trailer, it leaked on the Internet. Now, the CEO of…

Take-Two Interactive Software forecast fourth-quarter bookings below market expectations and cut its annual estimates on Thursday, on signs of weak demand for its gaming titles such as NBA 2K, sending its shares plunging 10 percent after the bell.Lower consumer spending and stiff competition from players such as Electronic Arts and Microsoft-owned Activision Blizzard are hurting the video game publisher.Take-Two forecast fourth-quarter bookings in the range of $1.27 billion (roughly Rs. 10,542 crore) to $1.32 billion…

SAG-AFTRA members have voted to authorise a new strike against the video game industry, with an overwhelming 98.32 percent in favour. The union claims that 34,687 members cast ballots, representing 24.49 percent of eligible voters. Bear in mind that this authorisation does not guarantee the strike will happen, but that the union members are serious about stopping work if the unions fail to reach a fair agreement with the companies. The voting period began on September 5 and ended on Monday, September 25, ahead of new…

Take-Two Interactive Software Inc lowered its annual sales forecast on Monday, as the videogame publisher took a hit from this year's surge in the dollar and a broader industry slump, sending its shares down 17% in extended trading. The move follows a similar cut by rival Electronic Arts and shows how the sector is struggling with a demand drop caused by the lack of major new titles, lifting of COVID-19 curbs and lower spending from inflation-hit consumers. Take-Two said it now expects full-year adjusted sales to be…

The Take Two hack reflects a growing trend of cyberattacks on gaming firms, both small and large. As more users spend money on games and add money into their digital wallets of these games, besides adding personal data to gaming accounts, hackers are turning their attention to such firms to steal data, credentials, and more. For instance, homegrown mobile gaming unicorn Mobile Premier League (MPL) has been facing an increase in “failed cyberattacks" over the last few months,…

WWE 2K22 is set to launch on March 11, and the latest instalment in the popular wrestling title is set to feature Rey Mysterio on the cover of the Standard and Deluxe Edition of the game. WWE 2K22 will feature a Career Showcase for Mysterio, who is celebrating his 20th anniversary with WWE. The new WWE title is also set to feature the popular GM Mode from SmackDown vs Raw game series, while the new MyFACTION mode is set to debut in the game.The launch date for WWE 2K22 was revealed by 2K Games at a press briefing with Rey…

After kicking off 2022 with two mega acquisitions, the video gaming sector is racing to a new record of $150 billion (roughly Rs. 11,18,080 crore) in deals, financing and IPOs this year, according to investment banking firm Drake Star Partners.In just the first few weeks of 2022, Microsoft pitched nearly $70 billion (roughly Rs. 11,18,080 crore) for Activision Blizzard and Take-Two Interactive bid $11 billion (roughly Rs. 81,940 crore) for Zynga.That has helped the total value of deals this year already near 2020's record…