Take-Two Interactive Has This Ace Up Its Sleeve
Take-Two Interactive (NASDAQ: TTWO) has continued to ride the strong sales performance of Rockstar Games' Grand Theft Auto V (GTA V) -- a title that is almost eight years old and comprises a significant portion of the company's annual bookings.
There is a risk that the game's sales could flatten out at some point and cause Take-Two's revenue growth to decelerate. But with no clear indication that Take-Two will be releasing the next installment in the series anytime soon, it is moving forward with plans to release a remastered version of GTA V for the new game consoles from Sony and Microsoft that just launched in the fall.
However, an upgraded version of GTA V for next-gen consoles may not be all the company has in the works. The franchise is more than 20 years old and now has a rich history of content that Take-Two could bring back to grow sales in between new installments in the series.
Source Fool.com
