Take-Two boss responds to investor criticizing delays and franchise dependence

At the annual shareholder meeting on September 17, an investor criticized Take-Two for years of delays and dependence on a few franchises. Strauss Zelnick noted revenue was under $1 billion in 2007 and is now projected at $8-8.2 billion, saying management is performing.

• Investor cited years of delays and dependence on few franchises
• Zelnick: 2007 revenue was under $1B, company was nearly bankrupt
• Take-Two revenue forecast for the current year is $8-8.2B
• GTA 6 launches November 19 after two delays