Take-Two: Next-Gen Consoles and Streaming Have Potential to Enhance Our Growth Rate

Take-Two President Karl Slatoff is excited about the promise of new technology.

Posted By | On 07th, Feb. 2019

take two interactive

The arrival of next generation consoles inches closer each day. Many predict that 2020 is the year when we will see the releases for the PS5 and the next Xbox, and by all accounts, that does seem to be the case. For instance, a not-so-small section of the industry already seems to be at work on next-gen games. Excitement surrounding the new systems, then, is quite high. And that’s the case with game developers and publishers as well.

Take-Two Interactive, for instance, seems to be quite excited about the potential that upcoming technologies and systems will hold. Speaking in the firm’s recent earnings call (quotes via Twinfinite), Take-Two president Karl Slatoff talked about next-gen systems and the potential of streaming and subscription services, saying that thanks to the onset of such things, Take-Two can bolster their growth even further.

“This is an incredibly exciting time for our company and the industry,” said Slatoff. “The promise of new technology, more powerful platforms, and emerging distribution and business models such as streaming and subscription services all have the potential to enhance our growth rate and provide incremental margin opportunities.

“We remain highly enthusiastic about our future and believe that with our industry-leading creative assets and commitment to innovation, we’re well-positioned to capitalize on the many positive trends in our industry, and to provide value to our customers.”

Take-Two CEO Strauss Zelnick went on to talk about streaming services, saying that though there is potential for growth in that area, owing to the infrastructure that a successful streaming service requires, it’s also an area where not a lot of companies can have much of an impact right now.

“There are enormous technical barriers because you have to do that with low latency in a multiplayer environment,” said Zelnick. “Is that doable? Technically, I believe it will become doable. Currently it is not doable. How many companies can actually delver such an experience? Well, you need to have hyperscale datacenters all around the world.

“Who has that? Google has that. Facebook has that. Amazon has that. Microsoft has that. Very few other people have it or are going to have it. That gives you a sense on who can be a player on streaming.”

“There are those who believe that by making our video games available to a broad audience, that we’ll automatically increase the size of our market accordingly,” Zelnick continued later. “I wish I could take that position. I’m not sure I can, but I would observe any time you broaden distribution, it’s a good thing for a provider of products.”

In their earnings call, Take-Two also reported massively successful sales figures for Red Dead Redemption 2, which, aided by impressive performances from the likes of NBA 2K19 and Civilization 6 on the Nintendo Switch, resulted in a healthy financial quarter for the company. Read more on that through here.


Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Magical Battle Royale Spellbreak is Shuttering its Servers in Early 2023

Magical Battle Royale Spellbreak is Shuttering its Servers in Early 2023

Developer Proletariat confirms that its magic-based battle royale game, which launched back in 2018, won't be ...

Destiny 2 – Hotfix 4.1.0.4 is Now Available, Duality Dungeon Fixes Revealed

Destiny 2 – Hotfix 4.1.0.4 is Now Available, Duality Dungeon Fixes Revealed

The hotfix also re-enables the Piercing Sidearms artifact mod while increasing airborne effectiveness for cert...

Cygames’ Little Noah: Scion of Paradise is Out Now for PS4, Nintendo Switch, and PC

Cygames’ Little Noah: Scion of Paradise is Out Now for PS4, Nintendo Switch, and PC

The $15 rogue-lite action title sees Noah exploring ancient ruins to repair her airship. Along the way, she'll...

15 Games of 2022 So Far With Amazing Graphics

15 Games of 2022 So Far With Amazing Graphics

Expect gorgeous open worlds, photorealistic vehicles, dazzling effects and much more among the best-looking ga...

10 More Unreal Engine 5 Fan-Projects That Will Blow Your Mind

10 More Unreal Engine 5 Fan-Projects That Will Blow Your Mind

These amazing fan-projects created in Unreal Engine 5 will knock your socks off.

The Last of Us Part 1 Remake Graphics Analysis – Just How Big of An Upgrade Is There?

The Last of Us Part 1 Remake Graphics Analysis – Just How Big of An Upgrade Is There?

The Last of Us Part 1 brings a slew of graphical changes and updates over the original, and we take a deep div...