Take-Two CEO Strauss Zelnick confirmed that BioShock 4 is still in development. The team encountered some development challenges in the past, but the company believes the project is now back on track.
Discussing the free-to-play extraction shooter Project Ethos, Zelnick acknowledged that its previous public test results were disappointing. The team has since implemented significant changes to the game, and he remains optimistic about its current state. He also noted that recurring spending and live-service content still constitute the majority of Take-Two's business, disagreeing with the notion that the wave of live-service games has passed.
Regarding acquisitions, Take-Two will focus on interactive entertainment deals that bring new intellectual property, technology, talent, and users while boosting earnings per share, although Zelnick did not reveal any specific targets in advance. The company currently owns 15 franchises with individual title sales of at least 5 million copies, and its mobile business saw a 4% year-over-year growth this quarter.
In addition to selectively investing in high-risk new IPs, Take-Two is also developing some traditional franchises. Strauss Zelnick stated that several IPs unused for many years have been added to the backlog, though no specific titles or timelines were announced. These comments were made following the company's second-quarter earnings release, covering products beyond GTA VI and overall corporate strategy.
