Business · Companies · 4 hrs ago

Take-Two CEO says physical games will survive as a small market

Take-Two CEO says physical games will survive as a small market

Take-Two CEO Strauss Zelnick says physical video games will not disappear entirely, but expects them to become a very small part of the market.

He compared physical games to vinyl records, which still sell even though most music is streamed.

Take-Two says 98% of its business is already digital.

Grand Theft Auto 6, made by Take-Two-owned Rockstar, is set to launch on November 19 for PlayStation 5 and Xbox Series X|S, with no game disc announced.

Stores will offer a code-in-a-box version, while the game’s soundtrack is also planned for CD and vinyl.

Whether GTA 6 gets a disc release later remains undecided; Zelnick said such decisions are up to Rockstar.

The shift matters because physical game sales are already a small share of spending, and PlayStation game discs are due to end in 2028.

2 sources

Related

What people are saying

Strauss ZelnickTake-Two CEO
Will there always be some physical business? Yes, in the same way that there’s still a vinyl business in recorded music. But it’s going to be a very small part of the business.
via Kotaku
I predicted that digital distribution would be well over 90 percent of the business more than 10 years ago.
via Kotaku
there will “always be some physical business” for gaming, but it will be a “very small part of the business.
via GameSpot