Take-Two shares rise on L.A. Noire launch

Rockstar Games' parent company hits new 52-week high following debut of Team Bondi's period detective thriller.

Players may need to rely on skills of logic and observation to solve the cases in L.A. Noire, but there's considerably less mystery as to the impact the game is having on shares of Rockstar parent company Take-Two Interactive. L.A. Noire for the Xbox 360 and PlayStation 3 debuted to mostly adoring reviews yesterday, the same day Take-Two shares hit a 52-week high.

L.A. Noire takes place in the 1940s, but it's making money in 2011.

The company's shares closed the trading day up $1.23 to $17.10, a jump of nearly 8 percent. The stock closed the previous day's trading at $15.87.

L.A. Noire follows Detective Phelps as he becomes entangled in a violent web of vice, corruption, and crime in 1940's Los Angeles. Players jump into the seedy underworld of the metropolis and are tasked with solving a series of murders in what Rockstar describes as an "open-ended challenge."

For more on the title, check out GameSpot's L.A. Noire review, as well as GameSpot's L.A. Noire Game Guide.

Written By

Eddie Makuch is a news editor at GameSpot, and would like to see the Whalers return to Hartford.

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Discussion

42 comments
turnerdoc
turnerdoc

not to happy with the game the cases are good but the side work same crap you go to place guy runs you chase also would have been better the 50 or up the car radio music sucks give this a b-

GnomeGrown
GnomeGrown

I don't usually spring for a new game the first few days it hits stores but I have to say that this one was well worth it. It's different, but in a really, really good way. I encourage everyone to at least go and rent it; and if you're feeling brave, it's more than worth the $60 price tag.

gobbo00
gobbo00

@blakeney Team Bondi's core team came from SCE, if Team Bondi is the label why are they not featured on the front case? And besides they are independent it matters not if some old Rockstar staffers work for them. Most of the staff at ceratin affinty have worked on Halo games. Piror to doing the latest REACH map pack how does that work? Where does YOUR label argument stand, mine is this Rockstar points to GTA. This is a open world game, what would you do. Go gold with Take Two on the box with a unknown team, or stick Rockstar on the box. GTA SA was attributed higher sales in Japan because it was licenced to Capcom to publish it's called labeling there is a sicence to it.

jdog8888888
jdog8888888

@tmacman Okay mr fact man. I will say 2k does indeed have some good franchises too. Take two would be horrible without Rockstar. They always seem to be losing money when Rockstar does not have a chart topping game.

blakeney
blakeney

@gobbo00 If you look at who the guys on Team Bondi are, you will see it mayaswell be R* that made it, and infact the Team Bondi is the "label".

aris9mm
aris9mm

I really want to try it

gobbo00
gobbo00

@EchelonDelta Take two run Rockstar it's all the same, it's little more than a label.

EchelonDelta
EchelonDelta

@gobbo00 Well your half right, I have also noticed that heaps of people continue to think Rockstar made this game. Team bondi is the developer and Rockstar are the publishers, not Take Two. Take Two is Rockstars parent company.

gobbo00
gobbo00

I hope that most of the fools that populate this site will (bother to) read some of this and realise that: 1) Team Bondi developed this game, not Rockstar Games. 2) Rockstar is just a label for this game, like Kojima Productions with Castlevania LOS. 3) Take Two not Rockstar are the publishers.

Pete5506
Pete5506

Really enjoying the game so far

King_Gamer19
King_Gamer19

WOW! good for them hopefully we'll all will get some big news from them this E3

fearless_alive
fearless_alive

GTA4 was a disappointment on the PC... Really... having to wait forever for the game to come out, just for it to be broken... Plus it didn't have that brutally sophisticated graphics or anything, still it required you to have a brutal monster of a PC, even though it didn't run well on the best PC's out there. After a lifetime of patching I say now it's worth downloading it... with patch 1.7 in place it's actually quite smooth... And for L.A. Noire... I really really really hope they release it for the PC... they didn't bring RDR to the PC x-( and now they won't bring this, than I don't really care about rock* anymore... I won't buy a console just because "porting it is hard work". Nothings easy in this world, and why turn your back on the PC community when you became what you are from the PC(all GTA games came on the PC and I loved all of them, from GTA1 to GTA4 and everything in between).

Dimebag_Darrell
Dimebag_Darrell

@GodGundamNT1 Rather than tell you you're bad like the others, I'm'a educate you. If the companies stock value goes up, it reflects well on the company. A company who's stock is consistently doing well finds it easier to acquire financing when they need it. In Take-Two's case, that means if they need more cash to help one of their companies, say Rockstar, complete one of their top-selling blockbuster games, then it will be easier to get that cash from investors and/or lenders. So, you should care about Take-Two's stock value because the better they do, the better their games will be. (To all those who REALLY understand finance, I know my explanation is glib. I'm not gonna type up a doctoral thesis to explain the complete workings of stock value.)

eyeball2452
eyeball2452

@GodGundamNT1 I agree, it's good that many people don't understand basic finance in this country and are jealous of people who do.

Daemoroth
Daemoroth

@GodGundamNT1, you don't really know anything about the stock market, do you? :)

JoSilver
JoSilver

@GodGundamNT1 Yeah, cause everybodys a freshmen in high school.

Ovirew
Ovirew

@JtheGrind In what way am I acting like I am smarter than anyone? I'm just saying, any new game that comes out will sell a lot of copies because people always want to buy the latest new game. It's really pretty simple. Stop being so condescending..."save it!"

GodGundamNT1
GodGundamNT1

Why should we care if shares rise on this company because of the game? I mean the majority of the people who buy this game are not going to be any richer if the shares rise, its just going to be a bunch of corporate fatcats that are going to get the big checks and the blondes that go with it.

guertt
guertt

@mrzero1982pt2 Yeah I know, its just that English is not my first language so thats why its hard for me to have a better score. But all I was complaining about, is that the game always put me in the same patern,girl dead,search for items around her,find the husban etc. But don't get me wrong, I'm addited to that game but I don't think I will be playing the game for a long time...

mrzero1982pt2
mrzero1982pt2

@guertt not every game is about going around in cars and killing hookers. if you are daft, you should remember rockstar said almost A DECADE AGO that noire would not be like grand theft auto. they were doing something different. use your brain for once. not to mention, did you notice its called L.A. NOIRE? its in an ACTUAL CITY! ugh. you cant please everyone, i guess

mrzero1982pt2
mrzero1982pt2

take that activision. take 2 is better off without you fools!

JtheGrind
JtheGrind

@Ovirew Then why didn't you invest in Take 2's stock then Einstien! Stop trying to act like your smarter than everyone! Of course this of course that...save it!

MikeManiac61
MikeManiac61

Team Bondi and Rockstar do a magnificent job on this game. there has not been one game published by Rockstar that disappointed me

SauhlGood
SauhlGood

@M-S-M-S i remember reading mumbo jumbo on some page saying that the expense of hiring another team and the vastly varied PC's out there made it hard for rock* to make a proper port... sad to see rock* turn its back on PC's ....GTA series was started on PC's...and honestly how hard can it be to port a dx9 game, id be happy if it was dx9 port, dx10/11 would be nice, but id live with dx9 to at least be able to play it.

Ovirew
Ovirew

Of course it's going to raise Take-Two's stocks. Just about anytime a new game is released and gets a lot of promotional coverage it will do well.

daabulls23
daabulls23

I will buy some TTWO a few weeks before the next GTA is released.

Chavis02
Chavis02

I played it, love it and how awesome it was. Some of the witness are tricky but, it was pretty good that they made video tech for actors to be in the game. You guys should get this game now! :D

guertt
guertt

its been almost 8 hours so far in L.A noire and I can say: Its killing me right now!! Always doing the same freaking thing over and over again... Plus, I have a hard time having more than 50% of good awnsers :( Even if I love the game, I'm already getting tired of it. For me it will not last long...

JtheGrind
JtheGrind

Man makes me feel like I need to start investing in better places...and to think, the rise of Take 2's stock was very much fore'seeable with this tile coming out. I'm sure someone smart made a little bit of money off of this.(taking future notes)

gamingfrendly
gamingfrendly

LA.NOIRE is a real acompleshment in gaming world the game is nothing less than epic games like this should not be forgoten and team bondi has proved them selfs to be some of the best there is rockstar could use those guys great skills cheers rockstar and cheers team bondi.

M-S-M-S
M-S-M-S

I'm puzzled why this game and RDR are not ported to the PC? Since Grand Theft Auto 4, Rockstar abandoned the PC, and it is a shame. If they do bring these games to the PC (I doubt), I hope they do a proper port, and not like GTA 4...

Skargamer
Skargamer

Why must you all tempt me?? WHY?!?! :cry: I really want the game now.

Barighm
Barighm

And yet somehow Take-Two is still losing money in most of their financial reports.

tachsniper
tachsniper

Go take-Two! every time you're successful Bobby Kotick cries!

LeviHarris
LeviHarris

@Stonecutters908 I'm right there with you. Although I think I clocked 9.

Coolyfett
Coolyfett

Its a really good game man!!!

tmacman
tmacman

@jdog8888888 2K is a developer under the Take Two group, along with Rockstar, so.... get it right and the fact gremlin won't come back under a different name.

Stonecutters908
Stonecutters908

This game deserves all the praise its getting. I knocked out an 8 hour session on the first day I got it. Couldn't put it down.

Ranma_X_basic
Ranma_X_basic

Congrats Team Bondi and Rockstar. you have yet another smash hit on your hands and a Game of the Year Contender!!!

jdog8888888
jdog8888888

Rockstar= Solid Gold. 2k has several AAA franchises.

Buzduganjr
Buzduganjr

I knew this would be a HIT ! ;) Nice work Team Bondi's