Take Two CEO Believes Next-Gen Move Will Cause Casualties

The executive says Midway should serve as an example

Strauss Zelnick, the chief executive officer at Take Two, says that some third-party publishers will not be able to move their games to the next generation of home consoles and that bankruptcies are a possibility.

Speaking at the Credit Suisse 2012 Technology Conference, quoted by Gamespot, the executive stated, “Historically, in every transition that’s occurred in this business, one or two third-parties have gone out of business. Last time around it was Midway and a couple of others. Reasonable people can argue about which one it’ll be this time.”

The company that seems to be in the most trouble at the moment is THQ, which has financial problems and delayed most of its game releases.

Zelnick added, “I have my own point of view, which I haven’t exactly been quiet about. We make sure we’re not on the list of casualties; to the contrary, we’re on the list of winners.”

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