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Motion capture workers employed by the video game company behind NBA 2K and WWE 2K have ratified their first labor contract in a move that union IATSE is calling historic. Workers at 2K’s motion capture studio in Petaluma, CA have unanimously ratified a deal with management at parent company Take-Two Interactive, IATSE announced on Tuesday….
Take-Two Interactive, the holding company that owns Rockstar Games, has set a Fall 2025 release date for Grand Theft Auto VI. Speculation about the upcoming release of the popular video game was high ahead of Take-Two releasing its fourth quarter earnings on Thursday. The company earlier set a 2025 release for Grand Theft Auto VI,…
Take-Two Lowers Guidance, Plans Cost-Cutting Amid “Challenging” Gaming Market Take-Two Interactive saw its net bookings fall below expectations during its fiscal 2023 third quarter as consumers shifted holiday spending toward “established blockbuster franchises” and titles with promotional discounts, the company said on Monday. For the three months ending on Dec. 31, Take-Two brought in $1.41…
Entertainment Stock Picks for 2023: What Wall Street Is Bullish About Despite Downbeat Sentiment Many entertainment industry CEOs and investors may want to quickly forget 2022, given how it decimated various media sector stocks. However, 2023 doesn’t look like it will bring much reprieve near-term. After all, recession fears and their impact on advertising revenue,…
Take-Two Interactive Sees Wider Than Expected Loss, Lowers Guidance Take-Two Interactive reported a wider than expected net loss for its second quarter Monday, with a net loss of $257 million compared to company guidance of $144 million to $160 million. The video game company reported second-quarter net revenue of $1.4 billion, in line with the…
“#GTA 5 sales surge, over 140 million units sold” During the Take-Two third quarterly fiscal report, the company’s flagship game GTA V remained at the top of the chart having sold over 140 million units. Other than that, GTA Online, Red Dead Redemption 2 and Red Dead Online, NBA 2K20, NBA 2K21, Social Point’s mobile…