Take-Two Explains Why It Reduced NBA 2K20 To £2.49

Take-Two Interactive has been providing some serious discounts on its catalogue titles recently. You probably heard about GTA V being made available for free on the Epic Games Store until May 21, and it's also temporarily reduced NBA 2K20 for Xbox One by a massive 95% on the Microsoft Store in some regions.

In a recent earnings call, the company was questioned about this. In regards to both Grand Theft Auto V and NBA 2K, Chairman and CEO Strauss Zelnick was asked what the thinking was behind "lowering barriers to entry" for these titles:

"Grand Theft Auto V is a seven year old title. Obviously, it's been offered at lower price points than its initial release price point. And we do have obviously online offering and there our monetization opportunities within that offering.

So specific promotions with specific outlets with specific deals behind them can make sense to us. And we do believe that it's a great idea in general to grow the audience, grow engagement, grow users and with that will come more net bookings and will come more profits. So that was the thesis behind it. We're very, very selective in those kinds of promotions and they typically are only available for limited periods of time when they make sense for catalog titles."

In regards to NBA 2K20 specifically, Zelnick also revealed that consumer engagement with NBA 2K remained at record levels throughout fiscal 2020, with daily active users growing 13% and MyTeam users increasing nearly 50%. The game has sold over 12 million units to date, and the company expects the lifetime units recurrent consumer spending and net bookings for NBA 2K20 will be the highest ever for a 2K sports title.

Have you picked up NBA 2K20 for £2.49? What are your thoughts on Zelnick's comments? Let us know below.

[source fool.com]