Take-Two Interactive is just rolling in money these days thanks to the massive success of Grand Theft Auto V. Will it horde all that money like a regular Scrooge McDuck, or will it put that money into developing a new video game to make even more money to horde like a regular Scrooge McDuck?
Take-Two’s financial report for the 2015 fiscal year is going with “option B.” Following reports of the ginormous success of Grand Theft Auto V, the company has teased a new game that it will announce this year and release next March.
Fiscal 2016 is off to a great start, highlighted by the April launch of Grand Theft Auto V for the PC, which has exceeded our expectations. Throughout the coming year, we will continue to execute our proven strategy of launching a select array of the highest-quality titles, led by new annual releases of NBA 2K and WWE 2K; Battleborn, a groundbreaking new intellectual property from Gearbox Software; and a soon-to-be announced new triple-A title from 2K.
We also will continue to deliver innovative offerings designed to promote ongoing engagement with our games and drive recurrent consumer spending. Beyond fiscal 2016, we have a robust development pipeline and our Company is well-positioned to deliver growth and margin expansion over the long-term.
Can we interpret “soon-to-be announced” meaning E3? My spider-sense is saying yes.
What would you like to see next from Take-Two? It has the power to do absolutely anything it wants, so there is no reason to keep your expectations in check. Red Dead Redemption 2 is no doubt going to be on everyone’s mind after this tease, but how would you feel about a AAA rendering of Freedom Force?