TakeTwo

Take-Two CEO Strauss Zelnick has commented on GTA VI's major trailer leak. He told IGN that it was "disappointing" for the developers, but ultimately it did not hurt the game or the company."It's amazing when the trailer announcement is huge news, and then we were very gratified when the trailer broke the internet...so we couldn't be happier or more excited," Zelnick said. You need a javascript enabled browser to watch videos.Size:640 × 360480 × 270 Want us to…

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…

With Grand Theft Auto VI being one of the industry's most anticipated upcoming games, Take-Two Interactive, which owns GTA developer Rockstar, is aiming for perfection. In the company's latest earnings call, Take-Two acknowledged the excitement around the upcoming sequel, saying it would rather push for perfection than rush an anticipated game out to market.During the call, Take-Two CEO Strauss Zelnick discussed the ongoing success of the Grand Theft Auto series, saying that excitement around the Grand…

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…

Take-Two has recently announced that it is working on a "significant cost reduction" but has assured the public that it won't be laying off its employees for now.The news comes from a Take-Two earnings report where the company had stated:"We are currently working on a significant cost reduction program across our entire business to maximize our margins while still investing for growth. These measures are incremental to, and more robust than, our prior cost reduction program, and we aim to achieve greater…

Take-Two Interactive has an interesting response to gamers upset with what the company does with the in-game currency they buy. In an ongoing dispute over whether money is essentially stolen when a game’s servers shut down, Take-Two characterized in-game virtual currency as “fictions created by game publishers.” Currently Take-Two is facing a class-action lawsuit in California related to microtransactions in the NBA 2K games. Particularly, the lawsuit takes issue with the fact that when Take-Two takes down servers for…

As reported by RespawnFirst, Take-Two, the parent company of Rockstar Games, has filed a trademark dispute against Remedy Entertainment over the latter’s new logo. The application was made in April 2023, shortly after Remedy revealed their new logo, and appears to still be ongoing as of writing. It currently looks like Take-Two has not followed through with a lawsuit, and it’s unclear if they have any intention of doing so. It seems more like Take-Two is trying to pre-emptively protect their claim to, uh… the capital R.…

Remedy Entertainment, the developer that created the Max Payne and Alan Wake video game franchises, is embroiled in a trademark dispute with Take-Two Interactive over claims that Remedy’s new “R” logo too closely resembles that of its subsidiary Rockstar Games.Take-Two submitted the Rockstar logo as evidence against Remedy’s trademark applicationThe developer also later submitted trademark applications with the UK on May 11th and the US on May 24th, with the latter filings still “awaiting examination.” In turn, Take-Two…

Take-Two Interactive Software forecast second-quarter net bookings below Wall Street targets on Tuesday, in a sign that spending on games remained under pressure amid inflationary pressures.US spending on videogame content, including new games and character skins, was flat in the first half of the year, while console sales rose 23 percent, according to data from gaming research firm Circana.Last fiscal, Take-Two incurred $79 million (roughly Rs. 654 crore) in costs relating to unreleased and cancelled titles. It cancelled…