This Video Game Company Is Celebrating Take-Two’s “Red Dead Redemption 2” Delay

Take-Two Interactive's (NASDAQ: TTWO) competitors received some welcome news when Take-Two announced it was delaying the release for Red Dead Redemption 2 to spring 2018. While the top video game companies historically have performed just fine by clustering big releases together ahead of the important holiday shopping season, the removal of one major title out of the fall release schedule has to been see as positive news for Take-Two's rivals. After all, gamers have only so much money to spend on games, and Red Dead Redemption 2 is expected to sell millions of copies.

Red Dead 2 will likely be one of the most talked about and most played games of the year when it launches. The game has already received more than 13 million trailer views on YouTube compared to the original Red Dead Redemption's 1.2 million views. More importantly, Take-Two's guidance for fiscal 2019 reflects strong sales expectations of the game, with management guiding for $2.5 billion in sales versus fiscal 2018's expected sales of $1.7 billion.

IMAGE SOURCE: UBISOFT

Source: Fool.com