Latest news with #JoshChapman
Forbes
3 days ago
- Entertainment
- Forbes
‘GTA 6' Predicted To Make $7.6 Billion In 60 Days, But That's Impossible
GTA 6 There's a new story circulating about some predications regarding next year's Grand Theft Auto 6, some logical, some wildly off base. This is from Venture Capital firm Konvoy, where managing partner Josh Chapman makes a few predictions, mainly that GTA 6 will be the biggest gaming launch of all time, and that it will make $7.6 billion two months after release. The first one? Yeah, I mean, that's not really a question. GTA 5 did $1 billion in three days and GTA 6, due to the expansion of the industry and massive elevation of the series, will no doubt top that. It will be the biggest entertainment launch in history, not just among video games. However, getting to $7.6 billion in two months is…something else entirely. Assuming an $80 price point, which even with rumors about GTA 6 potentially costing $100, is a fair bet, that would mean GTA 6 would need to sell around 95 million copies in two months. To put that in context, that would be selling 20% of every Call of Duty game ever sold, combined, in two months. And for the GTA series itself, that would be close to 50% of its 200+ million sales over the course of 12 years. Again, in two months. It took five years for GTA 5 to sell 100 million copies. GTA 5 I will say Konvoy's estimation that GTA 6 will sell $2 billion over the course of its first month could happen. He says that will make up its reported $2 billion budget, but that has never been confirmed and remains an estimation. This is even with the data that GTA 5 didn't hit $2 billion until closer to nine months after launch. But I'm willing to say GTA 6 mania may speed that along. Maybe the full two months. FEATURED | Frase ByForbes™ Unscramble The Anagram To Reveal The Phrase Pinpoint By Linkedin Guess The Category Queens By Linkedin Crown Each Region Crossclimb By Linkedin Unlock A Trivia Ladder However, this proves the point about just how fast things can drop after an initial rush of sales. If you are dying to pick up GTA 6, there is little reason you would not buy it day one, especially if this is now an era when 80% of players will be downloading the game, not waiting in line for it, so to think it would ramp up to $7.6 billion in two months is ludicrous. There are also simply…platform limits. And they are severe. GTA 6 is only releasing on Xbox Series X/S consoles and PS5. No last generation PS4s or Xbox Ones. And no PC, a huge market that Rockstar enjoys selling to separately later, causing many players to want to rebuy. It will not be on Switch or Switch 2 (maybe ever). So those 95 million sales in two months would be coming from…let's see, 77.8 million reported PS5 sales and an estimated 30-35 million Xbox Series sales. So we're talking about something near a 90% attach rate on ~110 million consoles for a single game for this console generation. Yeah sure, totally feasible… GTA 6 will set loads of records, and will past many of GTA 5's milestones easily, not to mention the rest of the entire entertainment industry. But when you're throwing around billions and billions of dollars in estimates, you have to actually look at the facts. And that simply does not add up. Follow me on Twitter, YouTube, and Instagram. Pick up my sci-fi novels the Herokiller series and The Earthborn Trilogy.
Time of India
4 days ago
- Entertainment
- Time of India
GTA 6 to shatter records with $7.6 billion revenue in just 60 days? Here's what expert says
Grand Theft Auto VI is anticipated to break all the previous records in the gaming world so far, both in terms of sales and revenue. Analytics is predicting over $7.6 billion in revenue within just two months of its official release date. Moreover, the gaming venture capital firm Konvoy expects Rockstar Games' highly anticipated title to break industry records, potentially generating $7.6 billion in its first 60 days. This forecast has been made by Konvoy managing partner Josh Chapman (as reported by Insider Gaming). The figure includes earnings from standard game sales as well as revenue from GTA+, Rockstar's premium in-game subscription service. GTA 6 is poised to set new industry records According to Konvoy, GTA 6 could sell up to 85 million copies within the first two months, and that is all because of the worldwide audience and fan base. The firm describes the game's launch as potentially the 'biggest video game release ever,' forecasting the record-breaking numbers in sales, player engagement, and streaming viewership. Part of this forecast assumes a higher retail price as compared to the earlier titles. While GTA 5 was launched at $59.99, Konvoy anticipates GTA 6 will be priced around $80, reflecting inflation and the increasing cost of game development. This analysis also hints at a possible rise in the multiplayer scale, with speculation that GTA 6 could feature online lobbies for up to 200 players. According to the report, Take-Two Interactive, the parent company of Rockstar, may break even within 30 days after launch, given the anticipated $2 billion in development expenditures. This would be a remarkable return on investment, demonstrating the Grand Theft Auto franchise's commercial strength. GTA 6 release date update The wait for Grand Theft Auto 6 has been prolonged, despite all the excitement. The official release date of the title has been rescheduled from earlier this year to May 26, 2026. "Delays pain me—how could they not?" said Strauss Zelnick, CEO of Take-Two Interactive, in response to the delay.
Time of India
4 days ago
- Business
- Time of India
Grand Theft Auto VI expected to generate nearly $8 billion within two months of its release
Image credit: Playstation Grand Theft Auto 6 (GTA 6) is set to launch in May next year. Meanwhile, investment firm Konvoy has made major predictions for the upcoming open world title's financial performance. The video game venture capitalist company suggests that GTA 6 will generate $7.6 billion in revenue within just two months or 60 days of its release. Josh Chapman, a managing partner of Konvoy, shared this forecast on a post shared on the professional networking site LinkedIn. He highlighted that the firm believes that the highly anticipated game will have major commercial success. However, it's important to note that Konvoy's projection is based on certain assumptions that Take-Two Interactive has not yet confirmed, such as an $80 price point for the game and a reported budget of around $2 billion, which the company is said to have spent to develop the game. Konvoy's analysis suggests that GTA 6 could recover its estimated $2 billion budget in under 30 days and build considerable momentum. The firm predicts that it may become the gaming industry's biggest launch to date and is expected to break records for both copies sold and revenue generated by a game. Considering that analysts have referred to GTA 6 as "the most important game to ever release in the industry," a multi-billion dollar revenue figure may be within reach for the title. What Konvoy analyst Josh Chapman predicted about GTA 6's success In his LinkedIn post, Chapman wrote: '🎮 GTA VI: we predict that GTA VI will generate $7.6 BILLION in revenue in the first 60 Days of its launch (current release date: May 26, 2026). This will be the greatest video game release of all time; shattering player, viewership, and revenue records. For Take-Two Interactive's $2 billion investment into this game, we believe they will break even on that within 30 days of release (see our breakdown in the chart attached). 🚀 Predictions: Our Expectations of GTA VI: We chatted internally here at Konvoy and decided to write down a few predictions and make them public. In the end, we're just gamers who can't wait to see this title released: 1️⃣ GTA VI is the largest gaming release of all time, shattering records of copies sold and revenue generated within almost every period of time 2️⃣ GTA VI will cost $80 (there will be premium versions of course, but the base price is $80) 3️⃣ GTA VI is the next UGC platform. It will have a UGC component that includes creator payouts for server hosts, mod creators, and more (mimicking the creator economics of UEFN and Roblox) 4️⃣ GTA VI will have 200-person lobbies, and there will be higher risk/reward dynamics where you can raid and steal items from players more easily 5️⃣ GTA VI will break even on its $2bn investment <30 days of release 6️⃣ GTA VI will hit the attached chart of copies sold, revenue, and player targets. We can't wait for this title to be released in 2026. I'll certainly be playing it.' AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Metro
5 days ago
- Entertainment
- Metro
GTA 6 will earn a record breaking £5,000,000,000 in 60 days claims analyst
Rockstar's GTA 6 will break every record in the book for video game launches, according to new predictions from a financial firm. The launch of GTA 6 looks set to be the biggest gaming event of 2026, but it's much more than that. It'll almost certainly be the biggest entertainment launch in history, never mind just video games. GTA 5 has sold over 215 million copies since it released in 2013, making it the most successful traditional video game of all time, only behind the likes of Minecraft. While GTA 6 is obviously going to be massive, one gaming investment firm predicts that the pent up demand will see the game earning more in three months than most publishers make in a year. The prediction comes from Konvoy's Josh Chapman, a managing partner at the firm which invests 'in the platforms and technologies at the frontier of gaming'. In a LinkedIn post, Chapman claims GTA 6 will generate $7.6 billion (£5.7 billion) in revenue within its first 60 days of launch. 'This will be the greatest video game release of all time; shattering player, viewership, and revenue records,' he wrote. Along with sales for the game, this figure includes GTA+ subscriptions and in-app purchases. According to the firm, the latter alone will bring $680 million in revenue within 60 days. Sign up to the GameCentral newsletter for a unique take on the week in gaming, alongside the latest reviews and more. Delivered to your inbox every Saturday morning. Chapman goes onto claim publisher Take-Two will break even on its $2 billion (£1.5 billion) investment into GTA 6 within 30 days of release. The firm predicts GTA 6 will sell 85 million copies within 60 days. For context, GTA 5 surpassed this milestone in November 2017, over four years after it launched in September 2013. But then it had only been five years since GTA 4, while fans have been waiting 13 years for GTA 6. How much the game makes will also be affected by how much Rockstar charge for it, with many rumours that they want to charge $100/£100 for even the standard version. However, Konvoy predicts the standard version will cost $80 (likely £80), which will launch alongside more expensive premium editions. GTA 5 earned Rockstar $1 billion in sales revenue within just three days in 2013, so these predictions are not at all unreasonable. That doesn't mean Konvoy's predictions are correct but the idea that GTA 6 will be the biggest entertainment launch of all time seems guaranteed. Rockstar Games Social Club has come to an end today after 13 years, the main URL now redirects to the home viewing profiles, walls, photos, video viewing from users are gone, but could be part of new plans to introduce a new platform. — ben (@videotechuk_) July 15, 2025 Elsewhere, Rockstar is continuing to gear for up GTA 6's May launch. The studio has been hiring for various marketing roles and this week seems to have pulled the plug on the Rockstar Games Social Club. More Trending As highlighted by Rockstar Games insider Videotechuk, the website, which served as a hub where players could track in-game progress and access exclusive content, now redirects to the main Rockstar homepage. 'Rockstar Games Social Club has come to an end today after 13 years, the main URL now redirects to the homepage,' they wrote on X. 'Currently viewing profiles, walls, photos, video viewing from users are gone, but could be part of new plans to introduce a new platform.' 'Social Club was incredibly outdated with more cases of crews being hijacked, accounts being targeted easily,' they added. 'They're most likely finally working on a new platform ready for GTA 6.' What Rockstar will replace it with is unclear but it's another positive sign that the game is not expected to see any further delays. Email gamecentral@ leave a comment below, follow us on Twitter. To submit Inbox letters and Reader's Features more easily, without the need to send an email, just use our Submit Stuff page here. For more stories like this, check our Gaming page. MORE: Games Inbox: How would you improve Mario Kart World? MORE: Eriksholm: The Stolen Dream PS5 review – the best-looking indie game ever MORE: Nintendo Switch 2 has a secret problem that could cripple third party support
Bloomberg
25-02-2025
- Business
- Bloomberg
TikTok Style Ban Could Come for the Gaming Sector
Josh Chapman, managing partner of Konvoy, says tensions between the US and China could impact the videogame industry and possibly lead to bans like what the U.S. placed on TikTok. He joins Caroline Hyde and Jackie Davalos on "Bloomberg Technology". (Source: Bloomberg)
