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Strauss Zelnick Latest

  • Take Two needs to “get bigger”, says Zelnick

    Take Two president Strauss Zelnick has said that unless the company doesn’t “get bigger”, the firm won’t make a profit in a year where a major Grand Theft Auto doesn’t release.

  • Borderlands expected to become a “key franchise” for Take-Two

    Borderlands’ expected to become a “key franchise” for Take-Two, according to both big bossman Strauss Zelnick and CEO Ben Feder. This bit was cemented by the game’s “successful launch”. So, it looks like there is more Borderlands in our future. The call is ongoing, we’ll let you know if there is anything else you should […]

  • Take-Two on GTA V’s announcement – quote of the century

    Guess what? Take-Two really doesn’t want to talk about GTA V. This is what Strauss Zelnick said tonight to an analyst in its Q3 earnings call when asked to give an indication as to when the next title in gaming’s greatest franchise is going to be announced: “We’re not going to announce it. We’re not […]

  • Take-Two’s Zelnick is either lying or “incredibly incompetent”

    Marketrap has blasted Take-Two head Strauss Zelnick’s handling of the company recently, essentially accusing the chairman of either lying to the market or simply being outrageously bad as his job. “If you’re keeping score, in a two year period, Mr Zelnick managed to, on three occasions, make vital statements that were within a matter of […]

  • Zelnick – We want games like BioShock to sell 5 million units

    Take-Two head Strauss Zelnick needs his hits to be hittier, he’s confessed to VentureBeat. “We announced it sold around 3 million units,” he said of BioShock. “I’d like to see a title like that sell 5 million units. “That would make the difference for us. If you have four or five titles that are significantly […]

  • Gore Verbinski passes on fourth Pirates film to do BioShock movie

    Director Gore Verbinski has passed on the fourth installment in the Pirates of the Caribbean franchise in order to focus on the upcoming BioShock movie. That’s fine, because, if we’re being honest, the last PotC film was shit anyway. Take-Two head Strauss Zelnick said last year that the BioShock movie will release alongside a third […]

  • Jack Thompson calls Take-Two boss Strauss Zelnick a sociopath

    Disbarred attorney Jack Thompson has called Take-Two chairman Strauss Zelnick “a sociopath” in an interview with VGChartz. No joke. He also insulted his parents. Just for good measure. When asked if he thought parents should be lawfully punished for purchasing M-rated games for their children, Thompson disagreed – but only to an extent. “How would […]

  • Take-Two: “We’re the right company for mature content on DS, Wii”

    Take-Two boss Strauss Zelnick said in the firm’s Q1 earnings call today that mature content on Nintendo platforms is something he’s going to do well. Go, Strauss. “I do believe there is an opportunity for M-rated titles on Nintendo,on the DS and on the Wii,” he said. “I believe we’re the right company to be […]

  • GTA IV tie ratios highest in series, says Zelnick

    According to this Edge report, Take-Two chairman Strauss Zelnick’s claimed that tie ratios for GTA IV are the highest of any game in the series, at 32 percent for PS3 and 28 percent for 360. The exec cited NPD data as proof. “Our tie ratio for Grand Theft Auto IV illustrates the strength of the […]

  • Take-Two to sign with EA

    Take-Two says it is expect to sign a confidentiality agreement with EA which will allow “EA to enter into Take-Two’s formal process to evaluate strategic alternatives,” writes CVG. “We welcome EA into our formal process and look forward to demonstrating to their Board the significant strides made by Take-Two since they last undertook a detailed […]

  • EA won’t extend Take-Two deadline, deal to lapse

    EA’s announced that it won’t extend its deadline to buy Take-Two after its current deadline lapses tonight, saying that it doesn’t believe it could integrate the firm in time for Christmas if things drag on any longer. Take-Two shares fell nearly 6 percent in premarket trade to $23.38 today. The news comes after weekend talks […]

  • Zelnick: We will stay profitable on non-GTA years

    Speaking to VentureBeat at E3 last week, Take-Two boss Strauss Zelnick has said that one of his main challenges since taking over at the firm has been to deliver a business that’s stable in the “off” years from GTA – and he feels as though he’s close to achieving it. “We aren’t giving guidance for […]

  • EA extends Take-Two offer, Zelnick responds

    EA’s extended its tender offer for Take-Two, after capturing only 15 percent of the company’s shares with its previous deadline. The offer is now valid until 11:59pm EST on August 18. This is the fourth time EA has extended its deadline in this way. Take-Two chairman, Strauss Zelnick, responded, “Take-Two’s Board continues to be 100 […]

  • Take-Two to EA: Your offer isn’t high enough

    Strauss Zelnick, Take-Two’s chairman, has responded to EA’s offer extension to July 18 with the same line he’s always stuck to – the price isn’t high enough. “The latest extension of EA’s unsolicited, highly conditional tender offer does not alter the fact that their proposal still significantly undervalues Take-Two, a fact that is reflected in […]

  • Episodic move away from “hard goods” desirable, says Zelnick

    Speaking at the Piper Jaffray consumer conference in New York yesterday, Take-Two boss Strauss Zelnick admitted that the company is actively pursuing interests in episodic content, saying the model takes a lot of the risk out of retail. “If we can get a good model for episodic content for high quality titles, that should be […]

  • Take-Two Q2 financials – All cash, GTA and Bioshock news in one place

    What a night. Following the release of the first in-game footage of Duke Nukem Forever, Take-Two issued second quarter financials and a mass of news on Grand Theft Auto, Bioshock, a GTA IV DLC delay and much more. You missed the release and the conference call because you’re not hardcore enough to do nothing but […]

  • Take-Two may enter rhythm-action space

    Speaking in last night’s Q2 financials conference call, Take-Two chairman Strauss Zelnick admitted the firm was looking at the rhythm-action sector for potential future launches but was cautious of releasing a title at the moment. “Possibly,” he said when asked if a music game was on the cards. “There’s nothing that we’ve disclosed on the […]

  • Bioshock movie may come alongside third game, says Zelnick

    Speaking in an investor call related to just-released Q2 financials, Take-Two head Strauss Zelnick said that the now-confirmed Bioshock film would not release alongside Bioshock 2 next year. “It’s more likely that it would be released coincident with BioShock 3,” he said. This is, obviously, the first time a third Bioshock game has ever been […]

  • EA extends Take-Two offer to June 16, Zelnick responds

    EA has confirmed it is to extend its $25.74 per share tender offer to buy Take-Two to June 16, to which Take-Two’s responded in the predictably nonchalant way, saying the offer undervalues the company. EA had acquired only 8 percent of Take-Two’s shares before its deal offer timed-out on Friday. “This is the same highly […]

  • Zelnick claims GTA IV is glitch-free

    Speaking in this CNBC interview, Take-Tweo chairman Strauss Zelnick has claimed that there are no technical problems with GTA IV at all. When asked about any issues with the game, Zelnick replied, “No, none whatsoever. I’d say the only issue is that someone came up to me yesterday in a restaurant and said my thumbs […]

  • Zelnick “vindicated” on EA stance by GTA IV performance

    Bit late on this, but Take-Two chairman Strauss Zelnick’s told the New York Times that he feels “vindicated” in fighting off EA’s advances by the initial success of GTA IV. “The critical and consumer response to Grand Theft Auto IV vindicates our strategy of waiting until the launch with regard to EA’s offer,” he said. […]

  • Zelnick laughs in EA’s face over new offer

    Strauss “Packet” Zelnick isn’t impressed with EA’s new tender offer for Take-Two of $25.74 per share. He’s not impressed at all. The reduction in price from $26 per share is based on the fact shareholders – some of them, anyway – agreed to tender a further 1.5 million shares to ZelnickMedia at Take-Two’s AGM last […]

  • Take-Two AGM: Everything in one place

    Trust us: you really can’t be bothered trawling the web for this lot. Not a huge amount happened at the Take-Two AGM in New York last night, but for the completists among you, we’ve put everything in one handy place. It’s because we love you. And hate bed. VG247 coverage Take-Two AGM: Zelnick takes two […]

  • Take-Two AGM: Zelnick takes two questions then shuts meeting

    In what pretty much sums up the entire Take-Two AGM last night, Gamespot brings word that chairman Strauss Zelnick answered only two shareholder questions before shutting up the meeting. The floor was then opened to stockholders’ questions–of which there were only two. First, Zelnick declined to answer a query as whether Take-Two had entered into […]

  • Take-Two AGM: Listen to the full meeting online

    You can listen to the entire Take-Two AGM here, should you feel the need. The whole thing went off without a hitch, unfortunately. Read the rest of our coverage here.

  • Take-Two AGM: Shareholders approve ZelnickMedia incentive package, EA calls foul

    Take-Two shareholders passed a proposal at last night’s company AGM to grant ZelnickMedia, Take-Two’s manager, 1.5 million shares of restricted stock. EA communications boss Jeff Brown immediately waded in on the news, saying the approval was like “asking your last employer to give you a million dollar raise and forcing your new employer to pay […]

  • Take-Two AGM: Shareholders re-elect board until 2009

    Shareholders at Take-Two’s AGM in New York last night voted to keep the current board in place until 2009, the company has announced. Confirmation that Strauss Zelnick and the rest of the chief execs would be in place until this time next year was not announced at the meeting, apparently, which, by all accounts, seemed […]

  • Take-Two AGM: “Take-Two is worth more than $26 per share,” says Zelnick

    In what appeared to be the dampest of squibs, Take-Two and its investors rejected EA’s tender big at its AGM overnight, saying the offer was simply too low. “The board believes that Take-Two is worth more than $26 per share,” said Strauss Zelnick at the meeting. “That said, we are 100 percent committed to creating […]

  • Take-Two financials: Bosses say nothing on EA buyout

    In an investor call last night following the release of Q1 financials, Take-Two refused to talk about the recent $2 billion offer from EA, saying only that it had rejected the bid. From Gamasutra: Throughout the call, all executives stressed that the forthcoming quarter, fiscal year, and into 2009 were well positioned to “reap the […]

  • Take-Two board facing investor suit and possible coup

    According to this, a Take-Two investor is bringing legal action again ZelnickMedia – the company in charge of Take-Two – for giving itself a substantial financial reward in the instance of a take-over and “asks for the enforcement of stockholders’ right to nominate and elect directors at Take-Two’s 2008 annual meeting.” “While the original management […]