News
Take-Two Stocks Rise After Grand Theft Auto: Online Was Unveiled
Take Two Interactive (TTWO), the parent company of Rockstar Games, was trading on Wall Street at its highest level after Grand Theft Auto: Online was unveiled.
Take Two Interactive (TTWO), the parent company of Rockstar Games, was trading on Wall Street at its highest level after Grand Theft Auto: Online was unveiled. It’s shares rose by 3% after the announcement while analysts at Bank of America and Merrill Lynch expect more success in the coming future.
According to Jon C. Ogg at Wall St. 24/7, analysts at Merrill Lynch expects that Grand Theft Auto Online will be one of the biggest online experience and will have potential to revolutionize for the franchise.
In a report by analysts Justin Post and Ryan Gee stated:
It is unlikely that GTA Online will offer a monthly subscription service like World of Warcraft, but we would expect more opportunities for players to spend real money on character, vehicle, or weapon upgrades via micro-transactions.
The announcement follows a month after CEO Strauss Zelnick announced the company’s success with Boarderlands 2 selling 7 million units while BioShock: Infinite selling 4 million units. He also expressed interest in establishing permanent franchises with games like Red Dead Redemption.
Grand Theft Auto V will be the 15th game in the series and will be released on September 17, 2013 for the PlayStation 3 and Xbox 360. Games who purchase it will have free access to Grand Theft Auto Online when it launches on October 1.
If you like our work and want to support independent journalism then would you kindly donate to our Ko-Fi Page.
Stan Rezaee
Stan Rezaee is the founder and Editor of 8Bit/Digi. He is a journalist and gamer from the Bay Area who has been writing about the medium for over five years.
