Take-Two CEO: We Don't Need to Be Out First in VR

The video discusses the potential of new gaming consoles like Xbox and PlayStation to support VR games. The company is cautious about investing heavily in VR due to unresolved challenges like nausea and the market's nascent state. They emphasize being prepared for market readiness rather than being first. The discussion also touches on the excitement around VR and the need for further development. The company remains open-minded about VR's future, acknowledging both the risks and potential rewards of investing in emerging technologies.

What is the company's strategy for entering new gaming platforms?

• Avoid entering new markets altogether

• Invest heavily before the market develops

• Focus on being the first to market

• Conduct R&D to be ready when the market develops

What is one of the main challenges mentioned regarding VR technology?

• Limited game titles

• Nausea factor

• Lack of interest from consumers

• High production costs

How does the company view the current state of the VR market?

• Fully developed and ready for investment

• Emerging but not yet fully developed

• Declining and not worth investing in

• Overhyped and unlikely to succeed

What is the company's stance on investing in VR technology?

• They are waiting for the market to develop before investing significantly

• They are investing in VR to be the first in the market

• They are investing heavily despite market uncertainty

• They have no interest in VR technology

Which companies are mentioned as examples of successful investments despite initial uncertainty?

• Google and Facebook

• Amazon and Netflix

• Tesla and SpaceX

• Apple and Microsoft