Take-Two preparing 'groundbreaking new IP' for next-gen 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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Comments
ShrillPosted:
I hope that on the new consoles, they do something very different than how GTA IV was on the Xbox 360 and PS3.
slapshot101Posted:
I hope they do more with the new consoles and expand the abilities of this game and the size of the map.
JamyPosted:
Vlif i hope the new consoles are backwards-compatible because then people like me who are getting the next gen xbox right away will only have 2 months of GTA V
They will probably port it over to next gen to maximize sales.
JamyPosted:
hTDragVlif i hope the new consoles are backwards-compatible because then people like me who are getting the next gen xbox right away will only have 2 months of GTA V
What makes you say 2 months?
Microsoft hasn't said anything about a release date yet for the next gen xbox.
In fact, I believe thay haven't said anything about the console yet.
Apart from the reveal one week away...
JakesLobbies-Posted:
ExoticWolfs I think GTA V will be the best game of this year. :) Can't wait! it is going to be great. :D
Much agreed
LostPosted:
I wonder what they have in store for the next-gen, should be interesting to see what they come up with.
ExoticWolfsPosted:
I think GTA V will be the best game of this year. :) Can't wait! it is going to be great. :D
XeDragHDPosted:
Vlif i hope the new consoles are backwards-compatible because then people like me who are getting the next gen xbox right away will only have 2 months of GTA V
What makes you say 2 months?
Microsoft hasn't said anything about a release date yet for the next gen xbox.
In fact, I believe thay haven't said anything about the console yet.
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