Home / Business / Publishing / Take-Two: Non-GTA years too costly

Take-Two: Non-GTA years too costly

Publisher Take-Two has said it needs to expand in order to turn a profit in years that lack a new Grand Theft Auto release.

Speaking to the LA Times, Take-Two chairman Strauss Zelnick said: We have a worldwide distribution and publishing footprint, and in a GTA year that cost basis is fine, but in a non-GTA year it’s too high.

We need to get bigger.”

When GTA IV was released in 2008 Take-Two posted a net income of $97m, but in 2009 it generated a loss of $138m.

The news comes ahead of an expected shake-up tomorrow where shareholders will elect representatives of investor Carl Icahn to three of its eight seats on the board.

The barometer is when we are profitable in a non-GTA year,” Zelnick added. I think we can get there. I certainly aspire to it.”

Upcoming games from Take-Two include new IP LA Noire and Red Dead Redemption, which developer Rockstar described as its most ambitious game to date”.

Take-Two CEO Ben Feder previously told MCV there’s more to the publisher than GTA games.

About MCV Staff

Check Also

X019 Project xCloud interview: How the service is expanding today and what it means for gaming tomorrow

xCloud executives Kareem Choudhry and Catherine Gluckstein discuss with us the latest announcements for the fledgling cloud streaming service