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Take-Two to unveil trailer for widely awaited ‘GTA VI’ next month

Grand Theft Auto The Trilogy by Take-Two Interactive Software Inc is seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo
Grand Theft Auto The Trilogy by Take-Two Interactive Software Inc is seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo

After years of anticipation, Take-Two Interactive Software said on Wednesday that it will unveil a trailer for the newest game in its popular “Grand Theft Auto” videogame franchise early next month. The announcement sent the company’s shares up 8%.

The “Grand Theft Auto VI” teaser will be released almost ten years after the release of its predecessor and in conjunction with Rockstar Games’ 25th anniversary. Rockstar Games is the Take-Two (TTWO) company that created the game. According to many experts, the new title is expected to be an immediate hit and generate billions of dollars in sales annually.

Wedbush analyst Michael Pachter stated, “It’s not surprising that investors expect big things from the next installment since the last one was the best-selling game ever.” In contrast to ‘GTV V’s debut pricing of around $60, he anticipates the game will cost roughly $70.

A hack made hundreds of “GTA VI” development recordings, including shooting, robbery, and open-world driving, public in one of the most significant game leaks of the previous year.

The game will have two characters, a guy and a woman, and be set in a fictitious version of Miami, according to a prior report from Bloomberg News, which broke the story on Tuesday.

Take-Two had given hints in May about the game’s release, stating that it will release some “groundbreaking titles” in 2024 and forecasting a rise in net bookings to more than $8 billion that year.

Since its release, “GTA V” has sold for around $7.68 billion, making it one of the most successful video games ever.

Based on the $147 share price during the early trading session, Take-Two was expected to increase its market worth by around $2 billion. This year, the stock has risen by over a third, partly because of mounting anticipation for the “GTA VI” unveiling.

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