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Barron's Streetwise

Here Comes the Videogame IPO Wave

Barron's Streetwise

Barron's

Business

4.71.6K Ratings

🗓️ 22 January 2021

⏱️ 24 minutes

🧾️ Download transcript

Summary

Take-Two CEO Strauss Zelnick on the boom in interactive entertainment. Plus, Jack and Mette become Roblox noobs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

AI may be the most important new computer technology ever, but AI needs a lot of

0:06.4

processing speed and that gets expensive fast.

0:09.6

Upgrade to the next generation of the cloud, Oracle Cloud Infrastructure, or OCI.

0:16.0

OCI is the single platform for your infrastructure, database, application development, and AI needs.

0:23.0

See how customers like Uber and Cohere

0:26.0

are training their AI models at twice the speed and less than half the cost.

0:31.0

Take a free test drive of OC.C. I at Oracle.com

0:34.4

slash Wall Street. That's Oracle.com

0:37.5

slash Wall Street.

0:38.7

People consume for the rest of their lives the entertainment they fall in love with when they're 17 and so we've seen the cohort of video gamers continue to grow as people age.

0:52.0

So today an average player is 37 or 38 years old and of course

0:57.2

there are new players coming into the market every year. So we expect there will be

1:01.2

growth in the business for the next 20 or 25 years.

1:05.0

Welcome to the Barron Streetwise podcast. I'm Jack Howe. The voice you just heard is Strauss

1:11.3

Zelnick. He's the CEO of Take-Two Interactive, the company behind Blockbuster

1:17.3

video game franchises like Grand Theft Auto, where you drive around in fast cars and shoot people, and Red Dead, where you ride

1:26.3

around on fast horses and shoot people.

1:29.3

Shares of Take-2 are up over 1500% over the past decade. Last year in particular saw massive growth

1:37.1

for gaming. In a moment we'll hear from Strauss about his plans to build on that

1:42.1

success.

1:43.0

We'll also talk about the coming video game IPO wave,

1:47.0

which could include the makers of Hit Games, Robblocks, and Fortnite.

...

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