Take- Two Interactive & Roku’s New Button
Take-Two Interactive is an American video game holding company based in New York City and founded in 1993. The company owns two major publishing labels, Rockstar Games and 2K, which operate an internal game development studio. Rockstar Games are the creators of the hit 2013 game, grand theft auto 5. The game comes in second for all-time sales (after Minecraft of course) with an astounding 145,000,000 sales.
After 8 years and a decade approaching GTA 5’s release date, fans are craving a new game — the long-awaited sequel — GTA 6. Recently, an insider with a strong track record for video game predictions (Tom Henderson) has expressed his opinion that the game could be 2024 or even 2025. Take-two’s stock has seen continued growth of engagement in its massive open-world game Grand Theft Auto V even with the return to normal life. The new consoles (PS5 and Xbox series X) by Sony and Microsoft respectively will be seeing a GTA 5 remastered this November.
Roku is a brand of hardware digital media players manufactured by American company Roku, Inc. They offer access to streaming media content from various online services. The first Roku model, developed in collaboration with Netflix, was introduced in May 2008.
Roku has seen immense progress. In fact, to date Roku’s user growth (which is mostly from the U.S. and Canada) has been immense. On top of this, Roku has been working on international expansion. The company now operates in more than 20 countries including the U.K., Mexico, and Brazil.
Yesterday Roku’s stock suddenly flew – departing from the largely stagnant and sideways trading trend of the past week. The reason behind this is that the company posted a picture of a new remote that has an Apple TV button. The button comes in place of the old Sling TV button few people use and adds in Apple (who likely paid a large amount of money for the remote real estate). Apple TV now joins Disney+, Hulu, and Netflix as part of Roku remote’s buttons.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.