With launch sales of the Xbox One and PlayStation 4 now well documented, Take-Two president Karl Slatoff feels confident in decreeing that the console gaming market is “alive and well.” According to a report by Gamespot from Dec. 18, while speaking at a BMO Capital Markets conference earlier this month, Slatoff declared that Take-Two is “pleased and very excited” about the success of the Xbox One and PS4 launches, with the PS4 selling over a million units in North America with the Xbox One following close behind.
While discussing the console market, Slatoff acknowledged that the PS4 and Xbox One are still in their “early days” and that newly released product typically sellout during the holiday season. Even with the early success of each console, Slatoff has a positive outlook concerning the future of home console gaming. Find his full comment below:
"But this was a little bit different because there is a lot of noise around the gaming industry in general and a lot of question about whether this console cycle will have the same juice as the previous console cycle, and there are a lot of doubters about whether or not the console market in general is dead.And I think the successful launches for the PS4 and the Xbox One have proven that obviously console gaming is alive and well."
During the conference, Slatoff also went on to discuss Grand Theft Auto and its slow rate of release compared to yearly franchises like Call of Duty. The reason why it often takes years for a new GTA game to release is because every time a Grand Theft Auto game is released, it “sets a new standard for video gaming.” Find Slatoff’s full statement below:
"There is always a way to speed up development. And then you have to ask your question of do you want to? Is it the right business decision to make? And if you could speed up development and not sacrifice quality and every time you come out with whether it’s GTA or different product, every time you came out with it, if you could do it and take video gaming to the next level--which is what happens every time GTA comes out, it sets a new standard for video gaming. If you could do that every year and if you could do that without tiring out your franchise then that would be a really good thing."
Grand Theft Auto V was released in Sept. for Xbox 360 and PS3. The previous entry, GTA IV, saw release in April 2008 for PS3 and Xbox 360, with a PC release happening in Dec. 2008.