Take-Two Interactive CEO Strauss Zelnick hasn’t seen the last-gen sales drop off that other publishers have been talking about. The launches of the PlayStation 4 and Xbox One have turned the attention away from the older pieces of hardware but when it comes to products like Grand Theft Auto 5, the sales figures just keep going up.
"Look, we were selling PS2 products until very recently," Strauss told an investor last night, via SeekingAlpha. "If you have great quality titles, it's remarkable how long people will continue to consume them.
"I know some of our competitors have expressed that they have seen a big fall off in what is now old-gen catalog. But we have made it plain that we haven't seen such a fall off and that's reflected in our very strong third quarter results where our catalog performed as well."
We continue to hear about possible PC and next-gen ports for GTA 5, which released late last year to sterling reviews. People just want to know if these projects are under way, but the publisher has no real news to report.
"I know at times, on these calls people would like me to talk much more about upcoming releases and sometimes there is some frustration that we don't,” he explained. “The truth is though, we are trying to provide as much transparency as we can to our shareholders and leave the marketing decisions and the marketing announcements to our labels, because that's where we maximize our sales.
"So once again, Rockstar will make appropriate announcements about the releases as they come as well 2K. And as they make those announcements and of course we will reference them here, but let me emphasize that we fell very optimistic about our outlook going forward and very encouraged by the results we have had to date."
