NBA 2K

2K to Launch New FIFA Game in 2024 After Reportedly Securing Official License

Speculation has emerged regarding a potential partnership between 2K Games and FIFA, suggesting that the publisher may have secured the official license to develop a new football video game series.

• 2K Games is reportedly in negotiations to secure the official FIFA license to develop a new football video game series, potentially titled FIFA 2K25, for a 2024 release.
• The potential partnership follows the 2022 dissolution of the long-standing licensing agreement between FIFA and Electronic Arts.
• If confirmed, the deal would place 2K in direct market competition with Electronic Arts, which successfully rebranded its franchise to EA Sports FC.

Take-Two Interactive Investor Presentation: May 2024

Take-Two Interactive is strategically positioning itself to capture a significant share of the global interactive entertainment market, which is forecasted to reach $235 billion by 2027.

• Take-Two identifies the upcoming release of Grand Theft Auto VI as the primary catalyst for future financial growth and market leadership.
• The mobile sector now accounts for more than 50% of Take-Two’s total net bookings, driven by the company's multi-label structure including Zynga.
• Take-Two is positioning its portfolio to capture share in the global interactive entertainment market, which is projected to reach $235 billion by 2027.

Fourth Quarter and Fiscal 2024 Results & Guidance

Take-Two Interactive’s fourth quarter and fiscal year 2024 results provide a comprehensive overview of the company’s financial performance, operational achievements, and strategic outlook.

• Take-Two Interactive has officially scheduled the release of Grand Theft Auto VI for the fall of calendar 2025.
• The company reported $5.33 billion in net bookings for fiscal year 2024, with a 2% year-over-year increase in recurrent consumer spending.
• Fiscal year 2025 guidance projects a 5% growth in net bookings, with management anticipating sequential growth through 2027.

Riot Promotes David Mulhall Global Head of Esports Partnerships and Business Development

Riot Games has promoted David Mulhall to the position of Global Head of Esports Partnerships and Business Development.

• Riot Games has promoted David Mulhall to Global Head of Esports Partnerships and Business Development to oversee sponsorship strategy across its global and regional esports ecosystems.
• Mulhall will lead partnership efforts for Riot's primary titles, including League of Legends Esports, Valorant Champions Tour, and Teamfight Tactics Esports.
• Since joining Riot in 2020, Mulhall has been instrumental in securing and expanding partnerships with major brands including Mastercard, Red Bull, AWS, HP, OMEN, and HyperX, which have collectively generated hundreds of millions in revenue.

Plus: Which Recent PC Games Have the Most 'Staying Power'?

This analysis examines the retention and market performance of PC and console games, with a primary focus on Steam launches from September 2023.

• Games-as-a-Service (GaaS) sports titles like EA Sports FC and NBA 2K exhibit the highest retention, maintaining 0.64x to 0.66x of their peak concurrent user (CCU) counts.
• Most premium 'play once' games suffer rapid player decay, frequently dropping below 100 CCU shortly after their initial launch.
• Lies of P demonstrated strong single-player retention by holding 20% of its peak CCU six weeks post-launch, while Payday 3 struggled significantly, retaining only 4% of its peak.

Take-Two Interactive Investor Presentation: February 2024

Take-Two Interactive occupies a dominant position in the global interactive entertainment industry, maintaining a diverse portfolio of intellectual property that spans console, PC, and mobile platforms.

Take-Two Interactive Software, Inc. Reports Results for Fiscal Second Quarter 2024

Take-Two Interactive Software, Inc. demonstrated a complex financial performance during the second quarter of fiscal 2024, characterized by robust consumer engagement with core intellectual properties balanced against significant accounting-related losses.

Take-Two Interactive November 2023

Take-Two Interactive occupies a dominant position in the global video game industry, which is forecasted to reach a valuation of $246 billion by 2027.

• Mobile operations accounted for 47% of Take-Two’s total net bookings in fiscal year 2023, driven largely by the integration of Zynga.
• The company is targeting over $500 million in annual net bookings from its mobile segment, supported by $100 million in projected cost synergies.
• Take-Two’s growth strategy relies on a portfolio of flagship intellectual property, including Grand Theft Auto, Red Dead Redemption, NBA 2K, and Borderlands.

International Olympic Committee Seeks to Create Olympic Esports Games

The International Olympic Committee (IOC) has formally initiated efforts to establish a dedicated Olympic Esports Games.

• IOC President Thomas Bach has officially directed the newly formed IOC Esports Commission to study and develop plans for a dedicated Olympic Esports Games.
• The initiative follows the IOC's strategic goal to engage with the global gaming audience, which includes an estimated 3 billion players and 500 million individuals specifically interested in esports.
• The IOC maintains a strict policy against including 'violent' games in its competition, effectively barring major titles like Counter-Strike 2, League of Legends, and Valorant from medal consideration.

ICYMI: Monumental Sports & Entertainment Scored an Investment From the Qatar Investment Authority

The Qatar Investment Authority (QIA), the sovereign wealth fund of the Qatari government, has acquired a minority stake in Monumental Sports & Entertainment (MSE).

• The Qatar Investment Authority (QIA) acquired a minority stake in Monumental Sports & Entertainment (MSE), a deal previously reported to be valued at $4 billion.
• MSE is the parent company of aXiomatic Gaming, which holds a controlling interest in the esports organization Team Liquid.
• The investment also impacts MSE’s esports operations, which include NBA 2K League teams Wizards District Gaming and Caps Gaming.

Take-Two Interactive Investor Presentation: August 2023

Take-Two Interactive operates as a global leader in the interactive entertainment industry, maintaining a diversified portfolio that spans console, PC, and mobile platforms.

One Up Named Official On Demand Esports Platform of NBA 2K

Take-Two Interactive’s 2K Games label has entered into a multi-year partnership with One Up, designating the company as the official on-demand esports platform for the NBA 2K franchise.

• Take-Two Interactive’s 2K Games has entered a multi-year partnership with One Up to serve as the official on-demand esports platform for the NBA 2K franchise.
• The partnership will launch in the fall of 2023 following the September 8 release of NBA 2K24, featuring a series of free-to-enter online tournaments hosted by NBA stars.
• One Up operates two primary platforms: GameChangers OS, an esports SaaS for tournament management, and Play One Up, an on-demand marketplace for skill-based gaming.