GTA VI's delay is such a big deal, even lawyers are getting involved
On Friday, it was announced that 'Grand Theft Auto VI''s release would be pushed back from this autumn to May 26, 2026, during the Take Two's fiscal 2027
Legal firm Kaplan Fox & Kilsheimer LLP is investigating potential securities laws violations by Take-Two because of this, reaching out to investors who suffered losses
Take-Two plans to report its financial results for Q4 and Fiscal 2025, after the market close on Thursday, May 15, 2025
Take-Two Interactive Software stock (NASDAQ:TTWO) opened trading at US$218.50
It was supposed to be the most anticipated release in entertainment history, but the 'Grand Theft Auto VI' delay hasn't just caused a backlash among fans.
On Friday, it was announced that the game would be pushed back from this autumn to May 26, 2026, during the Take Two's fiscal 2027.
Video game holding company Take-Two Interactive Software (NASDAQ:TTWO), who owns GTA's publishing label, Rockstar Games, saw its stock take a major hit on this news. Down more than 10 per cent (US$24.17 per share) once word got out and closed 6.66 per cent lower by Friday's close.
As The Ringer pointed out in its coverage of this delay, while players and developers would win from this … who loses? Shareholders.
Legal firm Kaplan Fox & Kilsheimer LLP smelled blood in the water and is investigating potential securities laws violations by Take-Two because of this, reaching out to investors who suffered losses.
Why the delay? Bloomberg's Jason Schreier explained on BlueSky that 'Nobody I've talked to at Rockstar has believed Fall 2025 was a real window for a very long time now. Too much work, not enough time, and what appears to be a real desire from management to avoid brutal crunch.'
'We are very sorry that this is later than you expected', Rockstar's team wrote on the front page of its website. 'We hope you understand that we need this extra time to deliver at the level of quality you expect and deserve.'
The only reason the date was expected was because that was when Rockstar said the game would be available.
Even so, Take-Two has had Rockstar's back.
'We support fully Rockstar Games taking additional time to realize their creative vision for Grand Theft Auto VI, which promises to bea groundbreaking, blockbuster entertainment experience that exceeds audience expectations,' Take-Two's chair and CEO, Strauss Zelnick said in a news release. 'While we take the movement of our titles seriously and appreciate the vast and deep global anticipation for Grand Theft Auto VI, we remain steadfast in our commitment to excellence. As we continue to release our phenomenal pipeline, we expect to deliver a multi-year period of growth in our business and enhanced value for our shareholders.'
Take-Two plans to report its financial results for Q4 and Fiscal 2025, after the market close on Thursday, May 15, 2025.
Take-Two Interactive Software stock (NASDAQ:TTWO) is 0.43 higher in early trading at US$220.44. TTWO stock fell 2.68 per cent last week but is still trading 47.97 per cent higher than where it was this time last year.
Join the discussion: Find out what everybody's saying about this stock on the Take-Two Interactive Software Bullboard, and check out the rest of Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
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