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Speaking at the Reuters Media Summit, Take-Two Chairman Strauss Zelnick has revealed there are no current plans to sell the company, noting: “I would say for the next five to seven years this is a terrific time to be in the video game business.”
He also plans to expand the company through the development of new intellectual property, meaning more original titles.
Zelnick also offered some thoughts on the delayed release of GTA IV, a decision which he feels has greatly benefited the title.
“I believe this release, Grand Theft Auto IV, is going to be vastly better than those expectations – vastly better – and that’s hard to do when expectations are so high,” he said.
GTA IV is currently expected for release in Rockstar Games’ (a wholly owned subsidiary of Take-Two) second quarter of fiscal year 2008 (some time between February 1 and April 30 2008).
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