MCV/DEVELOP News, events, research and jobs from the games industry
Take Two has signed a deal with Universal to produce a film based on last year’s smash hit Bioshock, to be headed up by Pirates of the Caribbean director Gore Verbinski. According to Variety, Take-Two will receive a multi-million dollar advance, believed to be the biggest videogame-to-movie deal since 2005’s …
Read More »Zelnick: GTA success vindicates EA bid rejection
Take Two executive chairman Strauss Zelnick has said that his firm’s decision to delay consideration of EA’s acquisitive $2 billion offer until after GTA IV’s release has been ‘vindicated’ by the game’s success. According to the New York Times, Zelnick said in a statement: The critical and consumer response to …
Read More »Take Two Board rejects EA approach again
Take Two executive chairman Strauss Zelnick has labelled EA’s ‘hostile’ $26-per-share tender bid forhis company as still being wrong place, wrong time”– and once again urged the firm’s shareholders to turn down the offer. Despite Zelnick’s protestations, however, there’s still time for EA’s bid to be successful: the offer expires …
Read More »Take Twos Q1 earnings call in full
The full transcript of Take Two’s earnings call – which came in the wake of the firm’s fiscal posting last night – is available now. Company bosses, including chairman Strauss Zelnick, discuss the firm’s Q1 loss, EA’s recent bid, the future of Grand Theft Auto and more. To read the …
Read More »Take Twos future is independent, insists Zelnick
Take Two executive chairman Strauss Zelnick has claimed that his business model will see the publisher remain independent – unless his shareholders tell him otherwise. Speaking to The Hollywood Reporter in a wider interview about Zelnick’s own ZelnickMedia, he reiterated his previously stated view that he expects consolidation in the …
Read More »Zelnick: Consolidation is inevitable
Take Two executive chairman Strauss Zelnick has stated the the success of the industry will see further publisher consolodation this year. However, Zelnick, who this week turned down a $1.9 billion bid for the publisher from EA, added that it is still possible for Take Two to remain independent. I …
Read More »Rockstar disappointed with BBFC appeal
Strauss Zelnick, the chairman of Take 2, has expressed his ‘disappointment’ at the BBFC’s recent decision to challenge the opinion of the Video Appeals Committee, who recently backed Rockstar in its quest to have the BBFC’s banning of its controversial Manhunt 2 overturned in the UK. A statement from Zelnick …
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