During Take Two News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Speaking with GamesIndustry.biz this week, Take-Two chairman and CEO Strauss Zelnick goes into a little more detail about what that meant. "Interactive entertainment is now the number one entertainment vertical in terms of revenue, and I guess people still don't fully realize that," Zelnick says. "And a good deal of that growth was driven by people either discovering or rediscovering interactive entertainment and its social aspects during the pandemic. And what we've found is that while certain trends should be expected to moderate, that shift is permanent." A key part of why Take-Two believ...

During Take-Two's earnings call yesterday, CEO and chairman Strauss Zelnick expressed skepticism about a number of recent trends. "If you take metaverse, SPAC, and cryptocurrency put them all together, in five years will any this matter? I'm not sure that it will," said Zelnick. The issue came up when he was asked about how the company can build Grand Theft Auto Online and Red Dead Online into metaverse-like experiences. "I'm always allergic to buzzwords. You know the buzzword of virtual reality didn't get this industry very far. AR hasn't improved matters. 3D hasn't really done much for us,"...