Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
April 19, 2019
arrowPress Releases








If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Analyst: Take-Two 'Diversifying' Away From  GTA  Dependence

Analyst: Take-Two 'Diversifying' Away From GTA Dependence

July 2, 2009 | By Leigh Alexander




Although analysts are often dubious on Take-Two's earnings power in years with no major GTA release, Kaufman Bros. analyst Todd Mitchell says the publisher will be profitable in fiscal 2010 even with no Grand Theft Auto V.

"We believe concerns that there would be no GTA V in fiscal 2010 and that Take-Two was too dependent on this IP have weighed on the stock," says Mitchell, as Kaufman upgraded its rating on the company from Hold to Buy.

"Take-Two is successfully diversifying away from its dependence on GTA," he adds, anticipating strong sales of BioShock 2 and the release of two other Rockstar titles, Red Dead Redemption and PlayStation 3-exclusive Agent, plus Mafia II and an unannounced title from 2K Games.

There's also GTA: Chinatown Stories for the PSP, Mitchell adds, also factoring in the release of new GTA episodes including The Ballad Of Gay Tony.

"We now look for the release of GTA V in fiscal 2011, and believe IP introduced in fiscal 2010 can be turned into iterative franchises that will improve Take-Two's long-term earnings profile by lessening its dependence on GTA," he says.

Rockstar's work is a core component of Take-Two's business nonetheless, the analyst says, estimating that 44 percent of a projected $412 million in 2009 revenue will come from the well-reputed label, just about half of that from catalog sales.. Compare that to 2008's GTA IV release, however, when Rockstar accounted for $885 million.


Related Jobs

Remedy Entertainment
Remedy Entertainment — Espoo, Finland
[04.19.19]

Software Developer for DevOps
Remedy Entertainment
Remedy Entertainment — Espoo, Finland
[04.19.19]

Senior Concept Artist (Environment)
Remedy Entertainment
Remedy Entertainment — Espoo, Finland
[04.19.19]

Technical Producer
Paradox Tectonic
Paradox Tectonic — Berkeley, California, United States
[04.18.19]

Senior PC/Console Graphics Programmer









Loading Comments

loader image