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GTA 6 Is Going To Be Huge. So Why Is Take-Two’s Stock Having Such A Bad Year?

GTA 6 Is Going To Be Huge. So Why Is Take-Two’s Stock Having Such A Bad Year? https://ift.tt/WumgPLN Take-Two owns one of the largest entertainment franchises out there in Grand Theft Auto. The newest entry, GTA 6, launches this November. There is enormous hype for the new game, which is expected to sell millions of copies at launch and break records. In short, it's expected to be a once-in-a-decade (if not ever) kind of title. The game is also coming to market with a lot of positive sentiment and excitement. If you're a Take-Two shareholder, however, the past year has been a big bummer. Take-Two's share price has slid about 15% so far this year and is down about the same over the past year, meaning anyone who invested in the past year has lost money (at least on paper; gains or losses are not realized until positions are sold) in the run-up to GTA 6's release in November.  What's going on here? There are plenty of factors involved in what could be driving Take...
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Mario Movie Producer Responds To Zelda Rumors

Mario Movie Producer Responds To Zelda Rumors https://ift.tt/kimpzQj

Amid the rumor that a new animated The Legend of Zelda film could be in development at Illumination, the animation studio's CEO and founder Chris Meledandri has responded to the claims. "I don’t know where that came from," said Meledandri, in reference to the rumor.

"I mean I can understand how people would surmise all sorts of things because obviously, we’ve had a great experience working together," Meledandri told The Wrap in a recent interview, referencing Illumination's collaboration with Nintendo on The Super Mario Bros. Movie. Meledandri is credited as the producer of The Super Mario Bros. Movie, alongside the legendary Shigeru Miyamoto.

The Mario movie, which released in April, went on to become one of the most successful films in recent memory, generating over $500 million in revenue in the United States alone. Worldwide, the film has grossed $1.327 billion, making it a huge success. With that in mind, many have assumed Nintendo will continue collaborating with Illumination on future projects.

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