Is Grand Theft Auto 6 closer than gamers think?
Video game developer and publisher Take-Two Interactive has been making headlines for the success of its long-awaited sequel to breakout hit Red Dead Redemption. But something even bigger than Red Dead 2 may be n the horizon. Arguably the company’s biggest franchise, Grand Theft Auto (GTA) may be returning to games consoles much sooner than fans anticipated – and that’s great news for gamers and investors alike.
Take-Two Interactive’s share price has rallied by 17% over the last three months
Source: Yahoo Finance
GTA V was a blockbuster: it broke records for the biggest weekend release ever across all segments of entertainment, bringing in $800 million on day one, and more than $1 billion in its first three days. Overall, it bought in $6 billion and shipped 110 million copies – and that’s not even counting later release GTA V Online. What does all this mean from a gaming perspective? We might see a sequel to what is often hailed as “the greatest video game ever made”. And from an investment perspective, it means Take-Two Interactive might be about to release a major earner.
Leaks in April and May suggest that the game may released in-line with the next generation of consoles from Microsoft and Sony (November, 2020). That would be a little over seven years after the fifth instalment in the franchise. However, in a recent interview, Take-Two CEO Strauss Zelnick made the following comment:
“I don’t see [the gap between games] expanding further. In fact, I would expect in many instances it may compress. And we believe in resting titles as a great thing. But I think eight years is probably too long.”
Of course, that’s not confirmation that the game is on its way – but it’s being widely interpreted by gaming industry publications as a hint that Take-Two’s biggest franchise might be returning sooner than we’ve all assumed.
Dominion holds Take-Two Interactive in its Global Trends Luxury Fund.
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