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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
Take-Two Interactive (TTWO) : For his "Executive Decision" segment, Cramer spoke with Strauss Zelnick, chairman and CEO of Take-Two Interactive, the video game maker that just posted a 15-cents-a-share earnings beat with a 21% increase in year-over-year revenues. Shares of Take-Two were up 7.7% on the day and are up more than 30% since Cramer last checked in back in May.
Zelnick said that video games have the same creative opportunities as movies did in the 1930s and that HD video games will soon become the norm. He said that "Mafia III," their latest release, is authentic, has a great soundtrack and sets a new standard for what cinematic video games can be.
Zelnick was also bullish on Take-Two's sports franchises, including "NBA 2K." He noted that sports games used to track the seasons they followed, but now, sports games are played year 'round. He also reiterated a fall 2017 release for a highly anticipated "Red Dead" title.
As for Take-Two's gold standard, "Grand Theft Auto," Zelnick noted that "Grand Theft Auto 5" has already sold 70 million units to date and continues to sell very well.