Take Two Interactive reveal plans to re-release 2011 blockbuster
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Take Two Interactive reveal plans to re-release 2011 blockbuster

Take Two Interactive, the video games company behind hits like Grand Theft Auto and Red Dead Redemption, has revealed plans to update one of its most popular older titles: L.A. Noire. The game, which was the world’s bestseller in May 2011, and shipped around 5 million copies by February 2012, was an intrigue-filled masterpiece, widely praised at the time for its combination of cutting edge graphics, solid gameplay, and vivid storytelling.

Take Two Interactive’s share price has already risen by more than 102% so far this year!

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SOURCE: Yahoo Finance

The new version of L.A. Noire will be released on November 14 this year for three games consoles: the Nintendo Switch, the Playstation 4, and the Xbox One. Alongside these games will come a virtual reality (VR) offering: L.A. Noire: The VR Case Files. This will feature seven “select cases” from the game specially optimized for VR technology on the HTC VIVE system.

Gamers and investors alike should be excited by this news. L.A. Noire was, in a sense, the franchise that “got away” from Take Two. After great sales and hugely positive reviews, Take Two were keen to nurture the new franchise, with plans for a sequel soon announced. However, they were, eventually, shelved. The resuscitation of this creative property is one that many gamers have been waiting five years for. That, of course, also bodes well for investors in the company, who will be pleased to see the possibility of another Grand Theft Auto-style revenue generator.

Disclosure

Dominion holds Take Two Interactive in its Global Trends Ecommerce Fund.


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