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GTA VI might be postponed until 2026? Speculation about delay causes a drop in developer's stock value
Following speculation that the eagerly awaited game, GTA VI, may face a delay due to production problems, the stock value of Take-Two Interactive Software, the creators and developers of the game, suffered a considerable drop.
On Monday, faith in Take-Two Interactive Software Inc. was shaken due to emerging reports hinting at a possible postponement of the much-awaited video game, Grand Theft Auto VI, according to Bloomberg.
The stock value of the video game firm dropped 5.2% in New York after a report from Kotaku, a gaming website, suggested that the development of the newest Grand Theft Auto game may be experiencing delays and possibly not meet its anticipated 2025 launch date.
Sources referenced in the report allege that Rockstar Games, a subsidiary of Take-Two, is planning for a 2025 launch of their new video game. However, the company's management is worried that ongoing issues related to working from home could delay the release, possibly pushing it into 2026, especially as they're planning a return to office requirements.
Bloomberg's request for a comment on the reported delay was not promptly addressed by Take-Two Interactive.
Nick McKay, an analyst from Wedbush, voiced his apprehensions about how investors might respond if the launch of Grand Theft Auto VI is truly delayed past the fiscal year 2025.
He stressed that this kind of postponement would mean a longer waiting period than first expected, which could possibly result in a unfavorable reaction from the market.
McKay proposed that Take-Two could try to counteract this adverse sentiment by taking optimistic steps, like launching a new Grand Theft Auto VI preview or giving a promising forecast for the 2026 financial year.
Bloomberg, in February, disclosed that Rockstar had directed its staff to resume full-time in-person work from April. This decision was tied to the last phases of developing Grand Theft Auto VI.
This choice came after several security issues, such as the unauthorized sharing of preliminary game clips and a trailer leak in December.
Following the game trailer's launch on December 4, Take-Two Interactive's shares have seen a drop of more than 8 per cent. This contrasts with the slight increase of under 1 per cent noted in the Nasdaq CTA Global Video Games & eSports Index during the identical timeframe.
(Incorporating information from various sources)
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