It won’t be long now before every intellectual property of any medium (books, comics, video games, etc) will be turned into a movie, and even though video games don’t have a very good track record of being made into successful big screen adaptions, I’m sure if enough games get turned into movies that one of them is bound to succeed. Could a Grand Theft Auto movie be the big video game movie hit? Maybe, but Take Two president Karl Slatoff said during the BMO Capital conference that while a Grand Theft Auto movie would be profitable, there are some risk that come to mind.
“If you’re going to invest in a movie–you can make a lot of money on movies–but as a licensor, you’ve got to look at what the success rate is, what the movie has to do for you to generate substantial economics that are worth taking the risk,” he said.
Another concern stems from the fear that a “bad movie” might hurt the franchise.
“So if it’s a bad movie, does that hurt your franchise or not? So there is always a balance that has to be struck there. But obviously, we consider those inbound requests. We take those inbound requests. So it’s something we consider at this point, but again it’s not core to what we do.”