‘Grand Theft Auto VI' release date delayed by months for a second time

Core Viewpoint - Take-Two Interactive has announced a new launch date for "Grand Theft Auto VI" on November 19, 2024, marking the second delay for the highly anticipated game, which was initially set for release this year and then moved from May 26, 2023 [1][2][4] Company Summary - Shares of Take-Two Interactive fell by 7% in extended trading following the announcement of the delay [1][6] - The company has raised its forecast for annual bookings to between $6.40 billion and $6.50 billion, up from a previous estimate of $6.05 billion to $6.15 billion, driven by strong spending on mobile and premium titles [10] Industry Summary - "GTA VI" is expected to be a significant catalyst for the video game industry, potentially spurring console and hardware upgrades, especially as gamers are becoming more selective with their titles [3] - Analysts predict that "GTA VI" could generate billions in sales within the first few weeks of its launch, leveraging the success of its predecessor, "Grand Theft Auto V," which was one of the most profitable video games ever [6][7]