Take-Two Interactive Software (TTWO) has delivered the last year when it comes to blockbuster games breaking all kinds of records along the way with hits like Red Dead Redemption 2, Grand Theft Auto 5, and the NBA 2K series all taking off. The company recently signed a large deal with the NBA to continue producing the NBA 2K series for years to come by paying players around 15% of the game’s revenue. Not only has TTWO done a fantastic job of keeping up hit games, but they have also introduced new hit series such as Borderlands and Bioshock to continue to build up consistent revenue growth for the foreseeable future.
Going into 2019 the company is rumored to announce a time frame for the release date of what could be their biggest game yet, Grand Theft Auto 6. Historically, from the time a GTA series game is announced and the time it is released Take-Two Interactive’s stock has put up on average well over 30% annual gains…….
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