Take-Two CEO Strauss Zelnick says the GTA publisher doesn't need a bigger owner to compete. SourceSource
GamesRadar+ reports that Zelnick was asked about selling Take-Two on Bloomberg's The David Rubenstein Show; GameSpot also covered his response. SourceSource
“I think we've proven that we can do very well as an independent company,” Zelnick said. “We are not in a place where we need to be part of a bigger organization to be competitive.” SourceSource
Zelnick put Take-Two well beyond the billion-dollar mark, citing a fiscal-year forecast of $8 billion to $8.2 billion and describing its balance sheet as “terrific.” SourceSource
Below about $1 billion in revenue, entertainment companies can struggle to fund competitive creative teams, worldwide marketing and distribution, and a financial cushion for flops, Zelnick said. Making the game is only part of the expense; surviving the one that doesn't sell matters, too. SourceSource
Once a company is “well over $1 billion in annual revenue,” however, “additional scale doesn't seem to help you succeed,” he said. A bigger organizational chart isn't an automatic upgrade, in other words. Source
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