The highly anticipated video game Grand Theft Auto 6 from Take Two Interactive Software Inc TTWO was official Approved from the company earlier this year but had not set a release date.
Gamers had been waiting for years for it to come out with the final game in the series, Grand Theft Auto V, released in 2013.
Leaks and rumors had made their way around the internet over the years, with Take-Two not confirming much.
rumours earlier this year said that the new game would be released in 2024 and would feature a similar cryptocurrency system Bitcoin BTC/USD in gameplay. Players could also travel across continents in the game.
Another rumor linked the game to the first female protagonist in the history of the franchise, with a pair of twins, a man and a woman, who were separated after the death of their parents, being the main characters.
What happened: At the weekend, gamers got leaked footage this was later confirmed by Take-Two as real game material.
“We are very disappointed that you are all being shared with details of our next game in this way,” said Rockstar Games, a unit of Take-Two said.
The company said it will continue to work on the game and will “properly introduce you to this next game when it’s ready.”
This is what analysts say about the company after the leak.
Bank of America – Will the impact be negative?: Analyst Omar Dessouky said the impact on Take Two stocks from the leaked footage could be negative as it means the game may not be ready for a 2023 release. The leak could also mean that intellectual property was stolen from the company, which could be a factor later.
“We haven’t seen any indication that the next GTA could already be alpha testing. The most advanced clip we saw, which is probably from Spring ’22, felt rough and barely playable,” Dessouky said.
Dessouky had a neutral rating on Take-Two and a price target of $130.
Check out others Analyst stock ratings.
Raymond James – Timeline lag?: The leaked gameplay footage could…
