News

Take-Two views L.A. Noire as ‘a powerful new franchise’

Take-Two Interactive has indicated that L.A. Noire could spawn another highly lucrative franchise for the publishing powerhouse.

Chatting during a call to investors earlier today, CEO Strauss Zelnick observed that the Team Bondi crime caper received an “exceedingly strong” reception at retail, and reckons there’s leg room for more.

"We have every reason to believe that L.A. Noire is another strong franchise for this company," he said. "We do see this as a powerful new franchise."

Nothing has been said on a potential follow-up to the critically-acclaimed thriller as of yet, though Team Bondi asserted last week that its next project wouldn’t take as long to develop as L.A. Noire, which took a whopping seven years to make.

Elsewhere, the company also revealed that Sam and Dan Houser, founders of Rockstar Games, have renewed their employment contract with the publisher.

"I want to take a moment to recognise this team that has been with Take Two for well over ten years now," said Zelnick. "They’ve not only continued to deliver outstanding results but they’ve showed incredible loyalty. We look forward to working with the Rockstar team for many years to come."

Take-Two went on to lift the wraps off a healthy financial earnings report for the last 12 months, confirming net revenue was up 49 percent year-on-year to $1.14 billion. Despite this, the last quarter recorded a drop from 2010’s $233.2 million to $182.3 million.

"Fiscal 2011 was a very strong year for Take-Two," continued Zelnick. "We generated revenue growth and margin expansion that consistently exceeded expectations, and also took action to position the company for even greater success over the long-term."

Read our L.A. Noire review here.