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GTA 6 Boss Seems A Bit Grumpy And Defensive While Answering An Investor's Question About Frequent Delays
Kotaku • • technology
Key Points:
- Take-Two CEO Strauss Zelnick responded defensively to a shareholder question criticizing the company's delays and reliance on a few major franchises, particularly Grand Theft Auto 6 (GTA 6).
- Zelnick highlighted Take-Two's transformation since 2007, noting the company's stock price has increased about 1,200%, revenue is projected between $8 and $8.2 billion this year, and the company has diversified with multiple successful franchises and a strong mobile business.
- He emphasized that the board demands high performance and that management would be replaced if they underperform, pushing back against the suggestion that the company lacks success or diversification.
- Despite the defensive tone, Zelnick acknowledged the company’s history of game delays but stressed Take-Two’s current financial strength and market leadership in interactive entertainment.
- The CEO anticipates that once GTA 6 launches in November, questions will shift from delays to sales and updates, reflecting the game's expected major impact on the industry.
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