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Possible delay of GTA VI until 2026? Speculation about a postponed release leads to a drop in the developer's share value
Following circulating speculations that the eagerly awaited video game, GTA VI, could face a postponement due to production complications, the stock of Take-Two Interactive Software, the creators and developers of the game, experienced a substantial drop.
On Monday, faith in Take-Two Interactive Software Inc. was shaken due to rumors of a possible postponement in the launch of the much-awaited video game, Grand Theft Auto VI, according to Bloomberg.
The stock of the video game firm dropped 5.2 per cent in New York after a report from Kotaku, a gaming website, suggested that the newest version of Grand Theft Auto might be delayed and not meet its expected 2025 launch timeline.
The report quotes insiders saying that Rockstar Games, a subsidiary of Take-Two, is targeting a 2025 launch for their upcoming video game. However, company executives are increasingly worried that the launch may be delayed, possibly moving into 2026, due to ongoing difficulties with working from home and expected requirements to return to the office.
Take-Two Interactive did not provide an instant reply to Bloomberg's query about the alleged postponement.
Nick McKay, an analyst at Wedbush, voiced worries regarding how investors might respond if the launch date of Grand Theft Auto VI is indeed delayed past the 2025 fiscal year.
He stressed that such a postponement would mean a longer wait than originally expected, which might result in an unfavorable reaction from the market.
McKay proposed that Take-Two could try to offset this adverse reaction by taking proactive steps, like launching a new trailer for Grand Theft Auto VI or giving a promising forecast for the 2026 fiscal year.
Bloomberg had previously stated in February that Rockstar had directed its staff to resume full-time office work from April, as the production of Grand Theft Auto VI approached its concluding phase.
This judgement came after numerous security infringements, including the illicit distribution of preliminary game scenes and a trailer that got leaked in December.
Since the game's trailer was launched on December 4, Take-Two Interactive's shares have seen a drop of more than 8 per cent. This is in stark contrast to the slight increase of less than 1 per cent that the Nasdaq CTA Global Video Games & eSports Index saw during the same timeframe.
(Incorporating information from various sources)
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