Why Sequels and New Titles Will Drive Take-Two Stock Higher
Take-Two Interactive (NASDAQ: TTWO) is a major video game publisher known for its popular game franchises, including the Grand Theft Auto and Red Dead series. The lifeblood of any entertainment content business is the pipeline of future releases that can spark consumer interest and generate sales, and with years of success already behind it, Take-Two still has a solid lineup of future games coming.
Take-Two Interactive is best known for its incredibly successful Grand Theft Auto series -- by some metrics, the most financially successful entertainment franchise of all time. The most recent release, Grand Theft Auto V, has sold over 115 million units worldwide at around $60 per unit, equaling nearly $7 billion in gross revenue.
A new Grand Theft Auto game has the potential to be a big financial windfall for Take-Two. The last version of the game was released in 2013, and while Take-Two has extended its lifespan with online play, an update to the franchise seems overdue. However, the company hasn't officially announced a new Grand Theft Auto release; therefore, late 2020 or 2021 is the earliest one could expect a new game. That hasn't stopped fans and game industry publications from speculating!
Source Fool.com