Take-Two sold 65 million copies of GTA V

by Hilbert Hagedoorn on: 05/19/2016 08:44 AM | source: | 18 comment(s)

Now that's a cash-cow. Even in the last quarter Take-Two sold 5 million copies of Grand Theft Auto V. Ever since the release in 2013 (consoles saw the release first) they now have sold 65 million copies. Rockstar will soon announce which new projects the studio is working on. The numbers appeared in the released Fiscal Year 2016 results that got published.

The company expects even better reults for fiscal year 2018 (that fiscal year starts in April 2017), likely due to the unannounced products that will soon be announced (E3?).

GTA5 was released in 2013 and launched on XBox 360 and PS3 first. Incredible as it may sound, the company did not have any profit yet had a loss of 8.3 million dollars, the created revenue was 1.4 billion dollars (I kid you not).

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Texter
Senior Member

Posts: 3223
Joined: 2008-11-03

#5276238 Posted on: 05/19/2016 09:09 PM

Perhaps the management salaries are way off, or they want to hide money from tax office.

Royalties.

Benzies, however, alleges that the company's co-founders, brothers Sam and Dan Houser, forced him out after denying him over $93 million US in "profit-sharing payments" while he was on sabbatical.

A lot of money.

kroks
Member

Posts: 75
Joined: 2011-03-04

#5276249 Posted on: 05/19/2016 09:29 PM

profit = tax
don't worry they're fine

Loobyluggs
Senior Member

Posts: 4952
Joined: 2008-09-07

#5276479 Posted on: 05/20/2016 10:15 AM

I wish someone would point out to me in the financial report, or any official report, that GTAV development cost prior to launch was £1b.

I can't see it.

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