Stocks Take-two fell 7% after appearing news on the departure of vice president of creative direction Rockstar games from the company. During the day, the publisher’s capitalization dipped by almost $ 800 million, the publication said. GamesIndustry.biz.
On Thursday, Take-Two was able to win back positions, but in the evening of the same day released a quarterly report that investors did not like very much. As a result, stocks sank again – this time by 9.50%. The publisher’s quarterly revenue decreased by 25% compared to the same period last year (to $ 930.1 million), which is primarily due to the lack of new major releases of the Red Dead Redemption II level. However, analysts expected better results, and their forecasts affect the holders of securities.
The annual performance, according to the plan, will be more positive.
Take-Two head Strauss Zelnik didn’t specify the reason Dan Houser left Rockstar Games, but assured that the brother of the developer Sam Hauser will remain on his post as president of the company. According to him, key franchises such as Grand Theft Autoare in good hands.
“I can confidently say that Sam will remain at Rockstar Games. We are inseparable from him,” Zelnik emphasized.
In early 2023, unconfirmed reports surfaced that Take-Two executives put pressure on Rockstar Games, trying to get the company to release more games more often.. For the current generation of consoles, she has developed only one new project – Red Dead Redemption II.
According to rumors, Rockstar Games is now preparing to release Grand theft auto vi.
Read also: Phil Spencer named Microsoft’s new main rivals on the playing field, and it’s not Sony with Nintendo.
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