Take-Two CEO Says Play-to-Earn Games Aren’t Currently Entertaining; But They Could Be Someday

Take-Two CEO Strauss Zelnick has historically voiced a healthy mixture of curiosity and caution whenever it comes to new trends in the games industry, and thus far, his stance on blockchain and NFTs has been no exception.

Previously, Zelnick has expressed interest in blockchain technology as technology, but thought its uses for cryptocurrency and NFTs are solidly in the camp of speculation. Only a financial quarter later, that view hasn't changed, even though his company's visible interest in the tech has grown.

Take-Two announced its intent to acquire Zynga back in January, and with it, its interest in NFTs and recently hired of a VP of blockchain gaming. Speaking to IGN to coincide with Take-Two's third-quarter earnings today, Zelnick affirms his lack of interest in speculation, saying it always ends badly for at least some.

But he does express optimism about the opportunities in the space. He says a lot of industry talent is moving into the blockchain space, and "where talent is, the market follows."

Other AAA companies like Take-Two seem almost unanimously optimistic on the subject, with Square Enix, EA, Sega, Epic Games, and Konami all expressing interest, at minimum, if not outright announcing endeavors. But I asked Zelnick if his stance on blockchain and NFTs has changed at all given recent gaming community backlash to certain implementations, notably Stalker 2 and the more recent backpedaling by publisher Team17 on Worms.

"It's unfolded exactly as I expected, which is when everything is going up inexorably, people are pretty excited," he replies. "When things start going down...then certain people get burned, and they begin to say, 'Woah, this isn't what we expected. This isn't an entertainment experience, this is something else.' And my view is that if it's an entertainment experience, again, you want to make sure that consumers always get more value than they pay for, always. And if it's not an entertainment experience, then it's a gambling experience, and it has to be regulated and it has to be transparent," Zelnick says.

"And so far, the play-to-earn games aren't either one. They're not highly entertaining, and they're not regulated nor are their economics transparent. And I think consumers are having predictable feelings about that — none of this surprises me at all. But let's not call into question underlying technology just because so far the expression of that technology has been inside of speculation. Speculations always come to an end; the tech will still exist. And it all depends what you do with it. I remain sanguine that there's a lot to be done with it that's exciting."

Take-Two just announced its third-quarter earnings, posting net revenue of $903 million and reporting that GTA V has now sold over 160 million copies. The publisher has upped its projections for the coming quarter as it prepares to release WWE 2K22 and Tiny Tina's Wonderlands in March. It's also given a slightly firmer window for Marvel's Midnight Suns, which is now planned for fall of 2022.

Rebekah Valentine is a news reporter for IGN. You can find her on Twitter @duckvalentine.

Warner Bros. Sued for Putting Matrix Resurrections on HBO Max

Village Roadshow is suing Warner Bros. on Monday, alleging that Warner Bros. sabotaged the theatrical release of The Matrix Resurrections by releasing the film on HBO Max without consulting Village Roadshow, Variety reports.

The Matrix: Resurrections, the fourth entry in the Matrix franchise, grossed $148 million at the box office, a mere fourth of what even critically panned The Matrix Revolutions grossed. Village Roadshow has a co-financing agreement with Warner Bros. on films like the Matrix trilogy and Joker.

“WB’s strategy not only ensured that ‘The Matrix Resurrections’ would be a bust at the box office, but it also inflicted serious harm to the entire ‘Matrix’ franchise,” the suit alleges. “There can be no doubt that the abysmal theatrical box office sales figures from ‘The Matrix Resurrections’ dilute the value of this tent pole franchise as a film’s lack of profitability generally prevents studios from investing in additional sequels and derivative films in the near term.”

The suit also alleges that releasing Resurrections on HBO Max encouraged piracy, further cutting into Resurrections' box office gross.

Village Roadshow has received no profit from The Matrix Resurrections being put on HBO Max, the suit alleges. Other allegations include That due to poor box office performance, Village Roadshow cannot make its contractually obligated payment to Warner Bros., which threatens the company's right to the film, and that Warner Bros. has allegedly been seeking to deprive Village Roadshow of its rights to other films like Charlie and the Chocolate Factory and Edge of Tomorrow.

Warner Bros. released a statement saying it had brought an arbitration case against Village Roadshow.

“This is a frivolous attempt by Village Roadshow to avoid their contractual commitment to participate in the arbitration that we commenced against them last week,” the studio said. “We have no doubt that this case will be resolved in our favor.”

Village Roadshow is seeking a declaration from the court that WB is in breach of its fiduciary duties, and that Village Roadshow is entitled to rights it would receive from The Matrix Resurrections.

You can read the full lawsuit here.

Warner Bros. Sued for Putting Matrix Resurrections on HBO Max

Village Roadshow is suing Warner Bros. on Monday, alleging that Warner Bros. sabotaged the theatrical release of The Matrix Resurrections by releasing the film on HBO Max without consulting Village Roadshow, Variety reports.

The Matrix: Resurrections, the fourth entry in the Matrix franchise, grossed $148 million at the box office, a mere fourth of what even critically panned The Matrix Revolutions grossed. Village Roadshow has a co-financing agreement with Warner Bros. on films like the Matrix trilogy and Joker.

“WB’s strategy not only ensured that ‘The Matrix Resurrections’ would be a bust at the box office, but it also inflicted serious harm to the entire ‘Matrix’ franchise,” the suit alleges. “There can be no doubt that the abysmal theatrical box office sales figures from ‘The Matrix Resurrections’ dilute the value of this tent pole franchise as a film’s lack of profitability generally prevents studios from investing in additional sequels and derivative films in the near term.”

The suit also alleges that releasing Resurrections on HBO Max encouraged piracy, further cutting into Resurrections' box office gross.

Village Roadshow has received no profit from The Matrix Resurrections being put on HBO Max, the suit alleges. Other allegations include That due to poor box office performance, Village Roadshow cannot make its contractually obligated payment to Warner Bros., which threatens the company's right to the film, and that Warner Bros. has allegedly been seeking to deprive Village Roadshow of its rights to other films like Charlie and the Chocolate Factory and Edge of Tomorrow.

Warner Bros. released a statement saying it had brought an arbitration case against Village Roadshow.

“This is a frivolous attempt by Village Roadshow to avoid their contractual commitment to participate in the arbitration that we commenced against them last week,” the studio said. “We have no doubt that this case will be resolved in our favor.”

Village Roadshow is seeking a declaration from the court that WB is in breach of its fiduciary duties, and that Village Roadshow is entitled to rights it would receive from The Matrix Resurrections.

You can read the full lawsuit here.

Intellivision CEO Tommy Tallarico Steps Down

Tommy Tallarico, the founder of Intellivision Entertainment and its CEO since the company formed in 2018, has stepped down from the role of CEO, to be replaced by former chief revenue officer Phil Adam.

According to a statement provided by the company, Tallarico will remain on board as the company's president, as well as its largest shareholder.

"As a 30+ year industry executive, I am excited to transition into the CEO role at Intellivision," Adam said. "As a business closing in on the last phase before launch, Tommy felt it important to provide focused roles so he can continue to do the things he loves the most. As always, we will be working hand in hand to bring Amico to the market."

Intellivision said in a statement to IGN that the management shift came in tandem with the beginning of the production of the Intellivision Amico console and that the move was "to better align its resources with those new challenges."

The Amico has struggled to get out the door thus far, with Intellivision announcing three separate delays to its release since the console's original planned launch in October 2020. It was most recently pushed to the end of 2021, but that too has come and gone and the console is still not in the wild as of February 2022. IGN Middle East was able to go hands-on with the console in May of 2021.

In November, Intellivision said the console had 6,000 pre-orders to be filled before wider distribution. Boxed games for the Amico went on sale back in October of 2021, including Evil Knievel, Dynablaster, Missile Command, Rigid Force, Redux Enhanced, Moon Patrol, Finnigan Fox, Biplanes, Brain Duel.

Tallarico himself has been a controversial figure, publicly going after journalists who have reported on or critiqued the Amico on numerous occasions and once prompting the SEC to ask for clarification after he boasted that the co-founder of Xbox — who had already left Intellivision Entertainment — was working for the company. In a response to IGN's request for comment on his stepping down, Tallarico said the move would allow him to "stay focused on creativity and continue to lead the vision and focus on the games and hardware."

Rebekah Valentine is a news reporter for IGN. You can find her on Twitter @duckvalentine.

Intellivision CEO Tommy Tallarico Steps Down

Tommy Tallarico, the founder of Intellivision Entertainment and its CEO since the company formed in 2018, has stepped down from the role of CEO, to be replaced by former chief revenue officer Phil Adam.

According to a statement provided by the company, Tallarico will remain on board as the company's president, as well as its largest shareholder.

"As a 30+ year industry executive, I am excited to transition into the CEO role at Intellivision," Adam said. "As a business closing in on the last phase before launch, Tommy felt it important to provide focused roles so he can continue to do the things he loves the most. As always, we will be working hand in hand to bring Amico to the market."

Intellivision said in a statement to IGN that the management shift came in tandem with the beginning of the production of the Intellivision Amico console and that the move was "to better align its resources with those new challenges."

The Amico has struggled to get out the door thus far, with Intellivision announcing three separate delays to its release since the console's original planned launch in October 2020. It was most recently pushed to the end of 2021, but that too has come and gone and the console is still not in the wild as of February 2022. IGN Middle East was able to go hands-on with the console in May of 2021.

In November, Intellivision said the console had 6,000 pre-orders to be filled before wider distribution. Boxed games for the Amico went on sale back in October of 2021, including Evil Knievel, Dynablaster, Missile Command, Rigid Force, Redux Enhanced, Moon Patrol, Finnigan Fox, Biplanes, Brain Duel.

Tallarico himself has been a controversial figure, publicly going after journalists who have reported on or critiqued the Amico on numerous occasions and once prompting the SEC to ask for clarification after he boasted that the co-founder of Xbox — who had already left Intellivision Entertainment — was working for the company. In a response to IGN's request for comment on his stepping down, Tallarico said the move would allow him to "stay focused on creativity and continue to lead the vision and focus on the games and hardware."

Rebekah Valentine is a news reporter for IGN. You can find her on Twitter @duckvalentine.

The Wolf Among Us 2 Reveal Event Announced for This Week

If you've been waiting for more info on The Wolf Among Us 2, you'll be able to watch a 30-minute news event on February 9 that will reveal the first official trailer, as well as details on the upcoming sequel.

Geoff Keighley announced that he will be hosting the half-hour stream and it will include the premiere of the first official trailer captured in-game. The event will then go behind the scenes to reveal more about the development of the upcoming Fables video game.

The Wolf Among Us 2 is a sequel to 2013's narrative-adventure game by Telltale Games. The sequel was formally announced in 2017, but Telltale Games closed in 201,8 effectively canceling the project. However, LCG Entertainment revived Telltale Games and acquired the rights to games like The Wolf Among Us, paving the way for a sequel.

The sequel was re-announced in 2019 at The Game Awards and will pick up after the events of the first game. Adam Harrington and Erin Yvette are set to reprise their roles as Bigby Wolf and Snow White respectively.

The Wolf Among Us is based on the comic series Fables which reimagines classic fairy tales characters who now live in the gritty Fabletown. While these characters are aware of their previous lives as fairy tale characters, they must now scrape by on the hard streets of a more modern and realistic world.

Bigby is a version of the Big Bad Wolf, while Snow White is of course the eponymous heroine of her own story.

You can read IGN's review of the first Wolf Among Us here, which we praised as one of the best Telltale adaptations yet.

Matt T.M. Kim is IGN's News Editor. You can reach him @lawoftd.

The Wolf Among Us 2 Reveal Event Announced for This Week

If you've been waiting for more info on The Wolf Among Us 2, you'll be able to watch a 30-minute news event on February 9 that will reveal the first official trailer, as well as details on the upcoming sequel.

Geoff Keighley announced that he will be hosting the half-hour stream and it will include the premiere of the first official trailer captured in-game. The event will then go behind the scenes to reveal more about the development of the upcoming Fables video game.

The Wolf Among Us 2 is a sequel to 2013's narrative-adventure game by Telltale Games. The sequel was formally announced in 2017, but Telltale Games closed in 201,8 effectively canceling the project. However, LCG Entertainment revived Telltale Games and acquired the rights to games like The Wolf Among Us, paving the way for a sequel.

The sequel was re-announced in 2019 at The Game Awards and will pick up after the events of the first game. Adam Harrington and Erin Yvette are set to reprise their roles as Bigby Wolf and Snow White respectively.

The Wolf Among Us is based on the comic series Fables which reimagines classic fairy tales characters who now live in the gritty Fabletown. While these characters are aware of their previous lives as fairy tale characters, they must now scrape by on the hard streets of a more modern and realistic world.

Bigby is a version of the Big Bad Wolf, while Snow White is of course the eponymous heroine of her own story.

You can read IGN's review of the first Wolf Among Us here, which we praised as one of the best Telltale adaptations yet.

Matt T.M. Kim is IGN's News Editor. You can reach him @lawoftd.

Surprisingly Accurate Madden NFL Picks Super Bowl 56 Winner

EA has revealed its official Madden NFL 22 prediction that the Cincinnati Bengals will win Super Bowl 55, defeating the Los Angeles Rams by just three points. A tight game is expected with a 24-21 final score, though Madden has only predicted the exact score once — when the Patriots defeated the Seahawks 28-24 in 2015.

Once known for its frightening accuracy, Madden's Super Bowl predictions have fallen off in recent years. Nevertheless, Madden NFL has managed to be correct 61% overall since the tradition began in 2004.

Madden's simulation has the Bengals scoring first with a touchdown pass to Ja'Marr Chase, with the Rams equalizing with a four-yard run from Sony Michel. The Rams then take a halftime lead following a 32-yard catch and score from Cooper Kupp, followed by a touchdown from the Bengals early in the third, tying the game.

An intense fourth quarter proceeds in the simulation with a touchdown on each side, but in the closing seconds of the game, Joe Burrow leads a final drive for the Bengals who score and win their first Super Bowl title. It would be a perfect capper for long-suffering Bengals fans, many of whom surely remember Joe Montana tormenting them in the famous Super Bowls of the 1980s.

Some comfort for Rams fans: Madden was wrong in its prediction last year, saying the Kansas City Chiefs would defeat the Tampa Bay Buccaneers by ten points. The real game ended in a 31-9 victory for the Bucs.

IGN said Madden NFL 22 was "okay", as the game "takes a small and unimpressive first step into the Xbox Series X and PS5 generation, with even its better new ideas hobbled by poor execution."

Blogroll image credit: Getty Images/David Eulitt

Ryan Dinsdale is an IGN freelancer who occasionally remembers to tweet @thelastdinsdale.

Surprisingly Accurate Madden NFL Picks Super Bowl 56 Winner

EA has revealed its official Madden NFL 22 prediction that the Cincinnati Bengals will win Super Bowl 55, defeating the Los Angeles Rams by just three points. A tight game is expected with a 24-21 final score, though Madden has only predicted the exact score once — when the Patriots defeated the Seahawks 28-24 in 2015.

Once known for its frightening accuracy, Madden's Super Bowl predictions have fallen off in recent years. Nevertheless, Madden NFL has managed to be correct 61% overall since the tradition began in 2004.

Madden's simulation has the Bengals scoring first with a touchdown pass to Ja'Marr Chase, with the Rams equalizing with a four-yard run from Sony Michel. The Rams then take a halftime lead following a 32-yard catch and score from Cooper Kupp, followed by a touchdown from the Bengals early in the third, tying the game.

An intense fourth quarter proceeds in the simulation with a touchdown on each side, but in the closing seconds of the game, Joe Burrow leads a final drive for the Bengals who score and win their first Super Bowl title. It would be a perfect capper for long-suffering Bengals fans, many of whom surely remember Joe Montana tormenting them in the famous Super Bowls of the 1980s.

Some comfort for Rams fans: Madden was wrong in its prediction last year, saying the Kansas City Chiefs would defeat the Tampa Bay Buccaneers by ten points. The real game ended in a 31-9 victory for the Bucs.

IGN said Madden NFL 22 was "okay", as the game "takes a small and unimpressive first step into the Xbox Series X and PS5 generation, with even its better new ideas hobbled by poor execution."

Blogroll image credit: Getty Images/David Eulitt

Ryan Dinsdale is an IGN freelancer who occasionally remembers to tweet @thelastdinsdale.

Tom Holland Regrets Not Calling Andrew Garfield After Taking Spider-Man Role From Him

Tom Holland said he regrets not calling Andrew Garfield when he took over as Spider-Man as he would have been "heartbroken" if the same happened to him.

The Marvel Cinematic Universe cast Holland as its iteration of Spider-Man in 2015 when he was 19-years-old, and he told The Hollywood Reporter that, after looking back with a bit of clarity, he should have made the call.

Holland said: "Something I can look back on now with a little bit of clarity and regret is that I never called him when I took over as Spider-Man.

"Had someone said to me after my second movie that I was done and this other kid was taking over, I would’ve been heartbroken. So looking back, I wish I had the chance to make amends with him."

MAJOR SPOILERS AHEAD FOR SPIDER-MAN: FAR FROM HOME

Holland was asked about how the reception to Garfield's films changed after the release of Spider-Man: Far From Home, and he said it was "without question" a source of pride.

It also allowed the two to make those amends Holland mentioned, as he said: "It was not only an opportunity for him to make peace with the character and the studio, but it was also an opportunity for me and him to have this moment where we realize we could share this thing."

Holland added: "The look on his face when he saves Zendaya is totally genuine, and I'm really proud of him. I'm really chuffed that he got this opportunity to win back the world and for people to be reminded that his Spider-Man movies are fantastic and brilliant in their own right."

Commenting in another interview last week, Holland even said he wants to see an Amazing Spider-Man , and Garfield has confirmed he'd return for another film. No Way Home has certainly proved there's still love for Spider-Men of old as it has become Sony's highest-grossing film of all time.

While it's still showing in cinemas, fans waiting for a couch-based viewing of Spider-Man: No Way Home won't have to wait too long as it will arrive on streaming services within the next six months, starting with, not Disney+ or Netflix, but Starz.

IGN said the film was "great", as "Spider-Man: No Way Home bounces from hilarious to hurt with ease as both the darkest and funniest MCU Spider-Man entry to date."

Ryan Dinsdale is an IGN freelancer who occasionally remembers to tweet @thelastdinsdale.