Showing posts from January 27, 2014

Grand Theft Auto 5 and Red Dead 2 set for Playstation 4?

A sequel to Red Dead Redemption is in development and is likely to be announced for release this year, according to Baird Equity Research (via VG247 ). The company believes a third entry in the Wild West franchise, along with a next-generation version of Gran Theft Auto V , are in the pipeline in order for Take-Two to facilitate revenue growth and earnings visibility. Speaking in the 2014 Video Game Industry Predictions and Q4 Results Preview, Colin Sebastian commented: “Take Two continues to produce some of the highest-quality console and PC games, which we believe should transition well on next-gen platforms.” “We expect product announcements over the next year such as extending GTA V to other platforms (e.g., PC, next-gen consoles), the next Red Dead, etc., to help improve revenue and earnings visibility. In addition, the company has significant potential to grow digital/online revenues, which should help improve gross margins and add visibility to growth.” “We expect PC v