GIVEAWAY: TEAMGROUP T-Force VULCAN Z SATA III SLC 2TB SSD, two up for grabs!

Take-Two lists subscriptions, streaming, and Web 3.0 as growth opportunities

Following its combination with Zynga, Take-Two Interactive is now targeting multiple emerging markets for growth opportunities like Web3 and game subs.

Take-Two lists subscriptions, streaming, and Web 3.0 as growth opportunities
Published Nov 7, 2022 11:03 PM CST   |   Updated Fri, Dec 2 2022 3:36 PM CST
1 minute & 24 seconds read time

Following its combination with Zynga, Take-Two Interactive is now interested in pursuing subscriptions, game streaming, and even Web 3 technologies as potential growth vectors for its business.

Take-Two lists subscriptions, streaming, and Web 3.0 as growth opportunities 3

Take-Two Interactive CEO Strauss Zelnick is typically conservative in its views, and has expressed lots of skepticism against emerging trends like game subscriptions like Xbox Game Pass and game streaming. Now in a recent Q2 investors briefing, the company has outlined a few interesting pathways to potential future growth, including Web 3 integration.

The emerging growth opportunities include possible exploration in things like:

  • Subscriptions
  • Direct-to-consumer
  • Cloud and game streaming
  • Esports
  • Growth Markets
  • Emerging opportunities (Web3)
Take-Two lists subscriptions, streaming, and Web 3.0 as growth opportunities 11

While Take-Two didn't expand or really discuss these growth targets or any kind of specific plans regarding subscriptions and the like, it's heavily implied that more than a few of these trends will lean more towards Zynga's mobile games.

For instance, Zynga has already confirmed they are working on NFT play-to-earn games using blockchain technology, so that's Web3 covered.

We've already seen Take-Two explore other trends. As for subscriptions, Take-Two has already loaded some of its most popular games onto subscription services including Grand Theft Auto V, which appeared briefly on Game Pass to much benefit to game sales and in-game monetization.

Other examples include Red Dead Redemption 2 and Red Dead Online being included on Google's Stadia game streaming service.

We have to wonder, though, how many of the games in Take-Two's massive 87-title pipeline will incorporate these trends? Outside of the Japanese market, with players like Square Enix and Konami fully embracing NFTs, blockchain, and Web3, the dedicated games industry has shied away from NFTs and Web3 as publishers focus on more guaranteed money-makers. The current macro-economic environment is challenging enough and most publishers aren't eager to disrupt their own markets with speculative, unsafe bets.

Buy at Amazon

Grand Theft Auto V PlayStation 4

TodayYesterday7 days ago30 days ago
$25.95$26.88$22.95
* Prices last scanned on 12/7/2022 at 1:52 pm CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:ir.take2games.com

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

Newsletter Subscription

    Related Tags

    Newsletter Subscription
    Latest News
    View More News
    Latest Reviews
    View More Reviews
    Latest Articles
    View More Articles