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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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The Monopoly Movie Is Back On, Hasbro Confirms

The Monopoly Movie Is Back On, Hasbro Confirms https://ift.tt/CWMbeEc

A movie based on the iconic board game Monopoly is seemingly back in development. Hasbro CEO Chris Cocks confirmed this as part of the news that Hasbro is selling its eOne film and TV business to Lionsgate for $500 million. The Monopoly movie has been in the works for nearly a decade, but in Hollywood, projects stop and start regularly.

"Lionsgate's management team is experienced in entertainment and adept at driving value, and we're glad to have found such a good home for our eOne film & TV business," Cocks said. "We look forward to partnering with them, especially on a movie adaptation of Monopoly."

A Monopoly movie has been in various stages of development for years, dating back at least to 2015. At one point, Kevin Hart and Ridley Scott were attached, but nothing has ever come of it. Given the incredible success of the Barbie movie recently, it seems possible that Hollywood executives might be more excited about the idea of even more toy-based movies.

Continue Reading at GameSpot
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