Forgot password
Enter the email address you used when you joined and we'll send you instructions to reset your password.
If you used Apple or Google to create your account, this process will create a password for your existing account.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Reset password instructions sent. If you have an account with us, you will receive an email within a few minutes.
Something went wrong. Try again or contact support if the problem persists.
How to Play Blade in Midnight Suns

Take-Two Outlook Down Following Midnight Suns and Other Commercial Misfires

Not even Captain America could save this fiscal quarter.

As the world attempts to distance itself from the peak of Covid’s myriad of delayed game releases, its effects are still being felt in the industry. Case in point: Take-Two Interactive Software Inc, the publishing juggernaut with such franchises as Grand Theft Auto and NBA 2K under its belt, has lowered its projections for the quarter after its recent releases have failed to meet expectations.

Recommended Videos

Speaking with Bloomberg, Take-Two announced in a statement that, “bookings, which exclude deferred sales from online purchases, will be $1.31 billion to $1.36 billion in the fiscal fourth quarter, ending in March”.

This falls well short of Bloomberg’s compiled analyst estimation of $1.49 billion, following a previous annual forecast reduction in November. It also piles on after a disappointing third quarter, where net bookings of $1.38 billion fell short of analysts’ forecasts of $1.45 billion.

Chief Executive Officer Strauss Zelnick told Bloomberg that, “we’re taking another hard look at our cost structure. I have to do better and I have to drive the things we can address that won’t stand in the way of making great products that our consumers love, and that’s our job every day.”

Zelnick pointed to delayed release schedules that created a gap of established, blockbuster titles and an economic downturn that had led to decreased spending across the industry as a whole. Bloomberg’s Jason Schreier also revealed that, during the course of his discussion with Zelnick, he had been told that Marvel’s Midnight Suns had not been the commercial success they had anticipated.

With such a strong license behind it, there is every reason to anticipate that the tactical crossover title can pull itself out of the tailspin. It is somewhat surprising, however, to learn that its positive critical reception has not yet translated to sufficient market numbers.


Twinfinite is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more about our Affiliate Policy
Author
Image of Tony Cocking
Tony Cocking
A miserable little pile of secrets. Unabashed Nintendo stan, Resident Evil fancier and obscure anime enthusiast who insists everything is funnier when the rule of three is applied. Oh, and once I saw a blimp!
twitter