Take 2 Financial Report Indicates New Releases are on the Way

The release of Take-Two Interactive’s latest earnings report provided some precious trickles of information to fans of Rockstar Games, the maker of the Grand Theft Auto series and PS3 classics Red Dead Redemption.

Take-Two are the parent company of Rockstar and 2K Games, the makers of the Borderlands series and the sports franchises NBA 2K and WWE 2K. The company performed slightly worse in financial year 2015/16 compared with the previous year, with total revenue dropping from $1.67 billion to $1.56 billion and profit dropping from $219.2 million to $218.3 million.

Take-Two attributed this to a “more extensive” roster of games in financial year 2014/15 and, excitingly for fans of Rockstar, indicated that company are close to unveiling new games.

“Rockstar Games is of course hard at work on some exciting future projects that will be revealed soon,” Take-Two announced, fuelling speculation that next month’s E3 conference may contain some details of upcoming Rockstar releases.

It is now the best part of three years since Grand Theft Auto V was released to critical acclaim and record sales and 6 years since Red Dead Redemption emerged on the PS3 and Xbox 360.

Fans of both series are desperate for news on future releases and the purported leak of a map for a Red Dead Redemption game last month will encourage fans that one of Rockstar’s new titles will be a Red Dead 2.

It appears unlikely, however, that any new Rockstar games will be released in the current financial year. Take-Two indicated that they expect three quarters of their revenue to come from 2K Games in 2016/17, with Rockstar making up the remaining quarter. This would suggest that revenue from current Rockstar releases and the online mode of GTA V will make up Rockstar’s contribution since any new game from the studio would surely be a blockbuster.

Take-Two CEO Strauss Zelnick confirmed as much when he indicated that the full roster of games due for release by the company has already been published and doesn’t contain any Rockstar titles.

Fans of the developer will be encouraged, nonetheless, that details of new Rockstar games will emerge shortly and will no doubt be keeping a close eye on this year’s E3. Take-Two will be at E3 “in a big way” Zelnick stated recently.

Related Topics: 2K Games, Rockstar Games, Strauss Zelnick, Take-Two Interactive

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