However, as the world returns to a new normal, we expect a moderation of the trends that benefitted our industry over the past year. We anticipate that the overall addressable market for our industry will be notably larger going forward than it was pre-pandemic. We believe that the pandemic initiated a transformational shift in entertainment consumption, revealing the possibilities of interactive entertainment to a much broader market, with interactive entertainment becoming the number one entertainment vertical. Here is Take-Two’s statement on the pandemic from its earnings report: Now, engagement and spending were up last year thanks to the pandemic, but Take-Two thinks global stay-at-home orders had a permanent effect on people’s relationship to video games. In FY2020/21 the franchise generated $985m, thanks to repeat GTA V sales, but mostly GTA Online growth /0Rub63tlnT GTAV launched in FY2013/14 & helped the franchise generate net revenue of $1.62bn that year And Niko Partners analyst Daniel Ahmad published a chart on Twitter that illustrates that leap in sales.Ī look at how the Grand Theft Auto franchise contributed to Take Two's net revenue In fiscal 2021, Grand Theft Auto generated $985 million in revenue as a series. And that’s because Take-Two doesn’t want to disrupt the growth it’s still getting out of GTA Online. So then what about the next Grand Theft Auto? Rockstar is certainly working on Grand Theft Auto 6, but the studio will have to navigate a difficult path to launch that game. The path to Grand Theft Auto 6 is fraught for Take-Two and Rockstar And while that might seem obvious, it does mean the franchise is approaching a decade since its last new entry in 2013. That signifies that a Grand Theft Auto 6 launch is unlikely by March 2022. Where it brought in $3.4 billion in fiscal 2021, it is aiming for $3.1 billion next year. Take-Two expects to generate slightly less revenue in its fiscal 2022. Throughout the fiscal year, Rockstar Games will continue to support both Grand Theft Auto Online and Red Dead Online with more content updates to keep new and returning players excited and engaged. And the plan for the next year is to maintain support for Rockstar Games, according to Take-Two’s earnings report:
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