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Take-Two (TTWO) to Launch Borderlands 2 VR Game in December

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Take-Two Interactive Software TTWO recently announced that it will launch Borderlands 2 VR on Dec 14. The virtual reality version of the “shooter-looter” franchise will be available on Sony’s PlayStation VR for $49.99.

Like the original game, Borderlands 2 VR will be based in Pandora and include four playable vaults namely – Salvador, Maya, Axton and Zer0. Players pre-ordering Borderlands 2 VR get instant access to a dynamic PlayStation Theme featuring these vaults.

The game introduces a number of unique features the most attractive of which is the Bad Ass Mega Fun Time (BAMF). Players can use this slow-motion feature to slow down the game temporarily, which will allow them to plan their next attack.

Also, for the very first time, Borderlands 2 VR is venturing into a 3D simulated environment where players can use joysticks and headsets accelerate and aim at vehicles.

Borderlands 2 VR is a single player game, which has been rated M (Mature) by ESRB.

Take-Two Interactive Software, Inc. Revenue (TTM)

Take Two’s Expanding Portfolio

Borderlands 2 VR is an important addition to Take-Two’s gaming portfolio during the holiday season. The popularity of the franchise is evident from the fact that the company has sold 16 million units of the game worldwide to date.

Take-Two’s expanding game portfolio is a key catalyst. The company is set to expand its presence in the basketball video game market with the release of NBA 2K Playgrounds 2 on Oct 16.

Moreover, 2K recently launched NBA 2K19. Notably, NBA 2K18, which is the highest-selling sports title ever in the company’s history, sold more than 10 million units as of the last reported quarter. Moreover, NBA 2K Online remains the leading PC online sports game in China with over 37 million registered users.

Further, 2K along with Aspyr Media announced the availability of Sid Meier's Civilization VI from Nov 16 on Nintendo Switch. Moreover, Take Two partnered with HB Studios to publish The Golf Club 2019.

However, the biggest upcoming release is Red Dead Redemption 2 on Oct 26.

Competition Intensifying

Take-Two is facing stiff competition from the likes of Activision Blizzard ATVI and Electronic Arts EA.

Activision’s Call of Duty: Black Ops 4 is expected to provide significant competition to Red Dead Redemption 2 in terms of attracting holiday buyers. Moreover, Activision is striking deals with the likes of Amazon AMZN, Disney and Twitter to enhance the popularity of Overwatch League and boost its presence in the e-sports market. This remains a concern for Take-Two.

Additionally, EA recently released NBA LIVE 19, which will be a direct competitor to Take- Two’s NBA franchise games. Moreover, EA’s award-winning portfolio of games is expected to pose significant threat.

However, EA’s decision to delay Battlefield V gives some room for growth to Take-Two, which currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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