Next-Gen Backward Compatibility: A Benefit, Not a Must-Have, Says Take-Two CEO

Take-Two Interactive CEO, Strauss Zelnick, believes that backward compatibility is a benefit to consumers but not a must-have for mid-cycle console upgrades. While rumors of a Nintendo Switch successor circulate, Zelnick remains coy about its potential backward compatibility. However, he states that Take-Two would likely be an early supporter of a new Nintendo system. Take-Two's Q1 earnings reveal strong sales for Grand Theft Auto 5, Red Dead Redemption 2, and NBA2K23, with plans to release three immersive core games this year and hints at a big year in fiscal 2025, possibly including the release of Grand Theft Auto 6.