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In an "Executive Decision" segment, Cramer spoke with Strauss Zelnick, chairman and CEO of Take-Two Interactive (TTWO) , the gaming stock that plunged 10% Monday after the company reported a delay in the release of an upcoming title -- the long-awaited sequel "Red Dead Redemption 2," only to jump 5.5% Tuesday on strong earnings and another 6.7% Wednesday. Shares of Take-Two are now up 58% for the year.
Zelnick said that Take-Two has transitioned after from a hit-driven business to one that has sustained engagement with its users and can monetize that engagement. His company also has substantially higher gross margins than ever before.
Delaying a game release is a tough decision, Zelnick said, but quality must come first and this isn't the first time that his company has decided to wait.
Zelnick was most excited about Take-Two's joint venture with the NBA to create an international eSports league, the first competitive gaming league for a pro sports franchise. There are currently 17 NBA teams participating and an estimated 80 million eSports fans around the globe.
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