Will Take-Two Interactive have another smash hit franchise on its hands with The Outer Worlds?
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Will Take-Two Interactive have another smash hit franchise on its hands with The Outer Worlds?

Hot off the E3 conference – video gaming’s yearly expo where all the big titles are announced – Take Two fans (and, consequently, investors, have something to get excited about: a new intellectual property that looks like it has the legs to become a major franchise for the company. The name of the game is Outer Worlds, and it’s launching later this year (October 25, on PlayStation 4, Xbox, and Windows PC). Already available for pre-order, the buzz around the title hints at big things.

The last few months have seen Take-Two’s share price rally by 18%

Take Two June 18

Source: Yahoo Finance

The Outer Worlds is a single-player, first-person, science fiction role playing game. One blogger who attended the event and experienced the game first hand described it as “[popular dystopian roleplaying game] Fallout reimagined as a space western”. He said that, from a gameplay perspective, The Outer Worlds is reminiscent of Fallout and the Elder Scrolls series. This bodes well, given those franchises’ incredible popularity.

According to Yahoo Finance, The Outer Worlds, which is set in the far reaches of a distant space colony, is expected to be a major contributor to Take-Two’s net bookings for fiscal 2020. Other titles that will have an outsized impact include NBA 2K, Red Dead Redemption 2, Red Dead Online, Borderlands 3, Grand Theft Auto Online, and Grand Theft Auto 5.

It is notable that Take-Two’s net bookings increased by almost 50% between fiscal 2018 and 2019. This performance, which broke records, was driven by solid demand for Red Dead Redemption 2 and the strong growth of NBA 2K. Could The Outer Worlds contribute to another record-breaking year? And, more importantly, could it give Take-Two another lucrative franchise down the road?

Disclosure

Dominion holds Take-Two Interactive in its Global Trends Luxury Fund.


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