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Take-Two Interactive Software Inc. (TTWO), headquartered in New York City, is a leading developer, marketer, and publisher of interactive entertainment for consumers globally. Founded in 1993, the company operates through its three wholly-owned labels: Rockstar Games, 2K, and Zynga.
Take-Two is renowned for its high-quality gaming franchises. Rockstar Games is best known for the Grand Theft Auto series, which has achieved unprecedented sales milestones, including reaching $1 billion in sales faster than any other entertainment release in history. 2K produces popular titles such as NBA 2K, Civilization, Borderlands, Bioshock, and XCOM. Zynga, a leader in the mobile gaming sector, offers widely-played titles like Farmville, Empires & Puzzles, and CSR Racing.
The company's innovative products are available across console systems, handheld gaming systems, and personal computers, including smartphones and tablets. These products are delivered through various channels including physical retail, digital downloads, online platforms, and cloud streaming services.
Take-Two's financial performance has been robust, characterized by record-breaking revenue, earnings, and cash flow. The company has set new standards within the entertainment industry, particularly during fiscal 2014, when digitally-delivered revenue reached its highest levels. Notable achievements include the success of Grand Theft Auto V, NBA 2K14, and Borderlands 2.
Take-Two continues to expand its portfolio and enhance its global footprint through strategic partnerships and acquisitions. The firm’s commitment to delivering immersive and innovative entertainment experiences keeps it at the forefront of the interactive entertainment industry.
2K and Gearbox Entertainment announced the upcoming release of Tiny Tina’s Wonderlands, a standalone fantasy adventure game launching in early 2022 across multiple platforms including Xbox, PlayStation, and PC. The game features customizable multiclass heroes engaging in cooperative gameplay against whimsical foes, driven by the unpredictable character Tiny Tina. The title promises rich storytelling and end-game content, aiming to capture both returning fans and new players. Notably, the game reflects over a decade of development at Gearbox.
Take-Two Interactive Software (NASDAQ:TTWO) announced the acquisition of Nordeus for up to $378 million. The upfront payment includes $225 million in cash and $90 million in newly issued Take-Two shares. The deal aims to strengthen Take-Two's mobile gaming segment following previous acquisitions of Social Point and Playdots. Nordeus is renowned for its game Top Eleven, boasting over 240 million registered users. The Nordeus team will continue its operations post-acquisition, with potential earn-out provisions based on performance.
Take-Two Interactive Software (NASDAQ: TTWO) announces that Strauss Zelnick, Chairman and CEO, will present at the Exane BNP Paribas 23rd European CEO Conference on June 7, 2021, at 8:00 a.m. ET. A live webcast link will be available on the Company’s website, with a replay archived afterward. Take-Two Interactive, based in New York City, is a prominent developer and publisher of interactive entertainment, known for titles from Rockstar Games and 2K. For more information, visit www.take2games.com.
Take-Two Interactive Software reported strong fourth quarter and fiscal year 2021 results, with GAAP net revenue rising 10% to $839.4 million. Recurrent consumer spending surged 38%, contributing 67% to total revenue. Digitally-delivered revenue grew 19% to $753.3 million, accounting for 90% of total revenue. GAAP net income increased 78% to $218.8 million, or $1.88 per diluted share. The impressive performance was driven by major titles like NBA 2K21, Grand Theft Auto Online, and Red Dead Redemption 2.
Take-Two Interactive (NASDAQ: TTWO) collaborates with USC Games to create The Gerald A. Lawson Endowment Fund, aimed at enhancing Black and Indigenous representation in the gaming and tech industries. The Fund will support undergraduate and graduate students in game design and computer science at USC. Take-Two is the inaugural industry partner, contributing significantly to the Fund, which also seeks additional support from other companies. The initiative will be highlighted at the upcoming USC Games Expo on May 15, 2021.
Take-Two Interactive Software (NASDAQ: TTWO) will report its financial results for Q4 and fiscal year 2021 on May 18, 2021, after market close. The conference call to discuss these results is scheduled for 4:30 p.m. ET, accessible via phone or a live webcast. The company is known for developing and publishing well-known games through its brands like Rockstar Games and 2K.
Private Division and Roll7 announced the digital launch of OlliOlli World for multiple platforms this winter during Take-Two's fiscal year 2022. This skateboarding game represents a new direction for the franchise, featuring a vibrant world called Radland. Players can customize characters and explore diverse levels with a refined gameplay experience. The game promises a balance of accessibility for newcomers and depth for seasoned players. Roll7's Co-CEO emphasized the aim to celebrate skateboarding culture in this ambitious evolution of the series.
2K has acquired the Austin-based video game division of HookBang, which will be integrated into Visual Concepts, the studio behind the NBA 2K franchise. This strategic acquisition aims to bolster the development team in Austin and enhance support for NBA 2K and other publishing ventures. The new studio will hire hundreds of developers and operate from a new location in the Austin area. The financial terms of the deal remain undisclosed, marking a continued effort by 2K to expand its interactive entertainment offerings.
Private Division and Obsidian Entertainment have released The Outer Worlds: Murder on Eridanos, the second expansion for their acclaimed RPG. Available on PlayStation 4, Xbox One, and PC, it will also launch on Nintendo Switch later. Players can engage in a murder mystery, utilizing new gameplay mechanics and dialogue options. The expansion raises the level cap and introduces new weapons and armor. Priced at $14.99 individually or $24.99 with the first expansion, it builds upon the original's success and is aimed at enhancing player choice and story depth.
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