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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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Madame Web Box Office: How Did The Movie Do In Its First Weekend?

Madame Web Box Office: How Did The Movie Do In Its First Weekend? https://ift.tt/XMSgmIj

The Spider Man spin-off movie Madame Web from Sony Pictures opened on Valentine's Day, and the early box office results were not great. However, the movie is doing slightly better than some expected, bringing in $52 million worldwide for its opening period.

This was an abnormal opening period, as the film opened on Wednesday, February 14, and these numbers cover a six-day period spanning through Monday, February 19 for the Presidents' Day holiday. The movie earned $26 million over six days in the US and, as mentioned, $52 million worldwide over that time span.

The movie was estimated to have cost $80 million to produce (prior to marketing expenses), which means it has not yet broken even. However, Deadline reported that, due to the solid box office results so far, the movie will not "suffer as much as originally feared."

Continue Reading at GameSpot
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