Take-Two preparing 'groundbreaking new IP' for next-gen consoles

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Take-Two Interactive, parent company of Grand Theft Auto makers Rockstar, has promised "groundbreaking new intellectual property" for next-generation consoles.

CEO Strauss Zelnick was upbeat on the firm's future prospects during an earnings call today, as it primes itself for the major console transition, as well as the launch of Grand Theft Auto V later this year.
"Our industry appears poised to enter an exciting growth period driven by the upcoming launches of the next-generation consoles, as well as the increasing popularity of emerging mobile and online platforms," said Zelnick during the call.

"Fiscal 2014 promises to be one of our best years ever, highlighted by the upcoming launch of Grand Theft Auto V in September."

He went on, "We also have a extraordinary pipeline of titles in development for next-generation platforms, including groundbreaking new intellectual property and releases from our proven franchises."

Sony has announced a PlayStation 4 launch date of 'Holiday 2013', while Microsoft is primed to reveal its next-generation Xbox at a special event on May 21.

The firm today reported net revenues of $1.214 billion for fiscal year 2013 ended March 31, 2013, up from $825.8 million the prior year. Net loss from continuing operations was $31.2 million, compared to $107.7 million in FY2012.

Fourth quarter FY2013 (January 1 - March 31, 2013) net revenue was $299.5 million, as compared to $148.1 million for same period in FY2012.

"Take-Two delivered strong revenue growth and solid non-GAAP earnings for fiscal year 2013, driven by robust demand for our groundbreaking new releases, iconic catalog titles and expanding portfolio of digitally delivered offerings," said Zelnick in the earnings report.

"With BioShock Infinite, Borderlands 2, NBA 2K13 and XCOM: Enemy Unknown, our 2K label released four of the past year's most critically acclaimed titles.

"Looking ahead, we have an extensive pipeline of next-generation and emerging platform titles in development, including both new intellectual property and releases from our proven franchises. As a result, our current outlook is to be profitable on a non-GAAP basis in fiscal 2015 and for the foreseeable future," he added.

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Related Forum: Grand Theft Auto Forum

Source: http://www.computerandvideogames.com/405596/take-two-preparing-groundbreaking-new-ip-for-next-gen-consoles-zelnick/

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"Take-Two preparing 'groundbreaking new IP' for next-gen consoles" :: Login/Create an Account :: 35 comments

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NasyrPosted:

This will be the best GTA game of all time!

FrogPosted:

SwagDaddyYolo I hope the map is a lot bigger, you could go inside of more buildings, more cars, etc.


I'm pretty sure that this will happen. I mean GTA V will be bigger and better than any GTA before. Well it should be for the amount of time we've had to wait for its release!

slapshot101Posted:

Pro- Although maps are generally big, I would like this one to be bigger and better.

I think it is going to be huge with many buildings you can go in.

LumPosted:

Although maps are generally big, I would like this one to be bigger and better.

ChiPosted:

ITG I hope the map is a lot bigger, you could go inside of more buildings, more cars, etc.


It has always been big enough in my opinion,
but this would be nice.

CougarPosted:

It would be cool if they had more interiors etc...

neboPosted:

I hope the map is a lot bigger, you could go inside of more buildings, more cars, etc.

GossipPosted:

GTA V > GOTY

ZahnePosted:

i think they are gona have a lot waiting for this new game XD cant wait for it

WokzePosted:

hmm, i wonder what they have in store for this new gen.


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