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Is GTA VI's release being pushed back to 2026? Speculation of a delay causes a drop in the game developer's shares
Speculation began that the eagerly awaited game, GTA VI, might face a setback due to production problems. Consequently, the stock of Take-Two Interactive Software, the creators and developers of the video game, suffered a notable decline.
Take-Two Interactive Software Inc. saw a drop in investor trust on Monday following reports of a possible postponement in the launch of the eagerly awaited video game, Grand Theft Auto VI, according to Bloomberg.
The stock value of the video game corporation dropped by 5.2% in New York after the gaming website Kotaku reported that the newest Grand Theft Auto game's production might be delayed, possibly missing its anticipated 2025 launch date.
Based on insider information mentioned in the report, Rockstar Games, a subsidiary of Take-Two, is still targeting an early 2025 launch for the video game. However, the company's top executives are increasingly worried that the launch date could be delayed, possibly into 2026, due to ongoing difficulties with remote work as the company plans to reinstate in-office work requirements.
Bloomberg's request for a comment on the reported delay was not promptly addressed by Take-Two Interactive.
Wedbush analyst, Nick McKay, voiced worries regarding how investors might respond if the launch of Grand Theft Auto VI is indeed delayed past financial year 2025.
He stressed that any postponement would mean a more extended delay than first expected, which could possibly result in a poor reaction from the market.
McKay proposed that Take-Two could potentially counter this negative perception by taking constructive steps such as unveiling a new trailer for Grand Theft Auto VI or presenting an optimistic forecast for the 2026 fiscal year.
Bloomberg disclosed in early February that Rockstar had directed its staff to resume full-time office work from April onwards, as the production of Grand Theft Auto VI was nearing completion.
This choice was made after several security incidents, such as the unauthorized distribution of preliminary game clips and a trailer leak in December.
From the time the game's trailer was launched on December 4, the shares of Take-Two Interactive have seen a drop of more than 8 per cent. This is in stark contrast to the slight increase of under 1 per cent noted in the Nasdaq CTA Global Video Games & eSports Index over the identical timeframe.
(Incorporating information from various sources)
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