Grand Theft Auto 5 Hits $1 Billion In Sales In Three Days

GTA Five

After only three days on the street, the fifth generation version of Grand Theft Auto has garnered a staggering amount of sales:

(Reuters) – Grand Theft Auto V has crossed the $1 billion sales mark after three days in stores, a rate faster than any other video game, film or other entertainment product has ever managed, its creator Take Two Interactive Inc said on Friday.

The latest installment of GTA, a cultural phenomenon that has sparked a national debate on adult content and violence, received strong reviews and racked up $800 million in first-day sales alone.

That marked a launch-day record for the Grand Theft Auto franchise which is Take Two’s most lucrative and allows players to cruise around a make-believe gameworld based on real-life locations such as Los Angeles.

Take-Two shares were little changed at $17.48 in early afternoon-trading on the Nasdaq.

Gamers had eagerly awaited the fifth installment of the 16-year-old game after Grand Theft Auto IV was released in 2008.

It took more than five years to be developed by Take-Two’s Rockstar Games studio at a cost of between $200 million and $250 million, according to some analysts’ estimates.

Last year, it took Activision Blizzard Inc’s first-person shooter title “Call Of Duty: Black Ops II” 15 days to hit $1 billion in global sales after its November release. That game took in sales of $500 million on its first day.

Obviously, the game is unlikely to sustain this kind of sales momentum for a long period of time, but this seems to be a pretty clear indication of just how popular these types of games are, especially considering a “blockbuster” Hollywood release typically earns about 1/4 this amount over a similar period of time.

FILED UNDER: Economics and Business, Quick Takes
Doug Mataconis
About Doug Mataconis
Doug holds a B.A. in Political Science from Rutgers University and J.D. from George Mason University School of Law. He joined the staff of OTB in May 2010 and contributed a staggering 16,483 posts before his retirement in January 2020.

Comments

  1. rjs says:

    watch for a big jump in mortgage delinquencies…