In their fresh earnings results for FY2017 press release, Take-Two CEO Strauss Zelnick announced that a major sequel from one of 2K's biggest franchises will launch in FY2019 (from April 1st, 2018 onwards) alongside Red Dead Redemption 2.
That said, we still expect fiscal 2018 to be a year of strong earnings and cash provided by operating activities for Take-Two, despite an unusually light release slate, driven by new releases of NBA 2K and WWE 2K, our robust catalog led by Grand Theft Auto, and innovative offerings designed to drive engagement and recurrent consumer spending. Looking ahead to fiscal 2019, we expect to deliver both record Net Sales and record net cash provided by operating activities, in excess of $2.5 billion and $700 million, respectively, led by the launches of Rockstar Games' Red Dead Redemption 2 and a highly anticipated new title from one of 2K's biggest franchises.
Considering that they're not talking about a Rockstar franchise, we could be looking at either a new Bioshock title or Borderlands 3 since those two are definitely the biggest 2K franchises outside of the yearly WWE and NBA2K releases. The latter seems far more likely since the game has been announced a while ago by Gearbox and CEO Randy Pitchford even recently showcased a tech demo of Borderlands 3 running on Unreal Engine 4 technology, at the Game Developers Conference 2017.
Take-Two CEO Strauss Zelnick also confirmed that the company will have a "corporate presence" at E3 2017 with no product announcements, though it will be meeting with investors, retail partners and the press behind closed doors.
About the author: With over two decades of experience in gaming journalism, Alessio Palumbo has led the gaming vertical at Wccftech since August 2015. He started working at a young age for Italian websites like Everyeye.it, Gamestar.it, Nextgame.it, and Multiplayer.it before kickstarting the indie English-language publication Worlds Factory as its founder and Editor in Chief. In the last decade, he has coordinated the overall output of Wccftech's gaming section, managed PR relations, assigned reviews, produced daily news coverage, edited gaming content as needed, and delivered game reviews. Arguably, his trademark content is the long series of exclusive developer interviews that have been cited by Wikipedia and by the biggest news media and gaming publications. His passion for technology also makes him knowledgeable when it comes to gaming hardware and tech. His favorite genres include RPGs, MMORPGs, and action/adventure games.
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