'Grand Theft Auto' maker Take-Two's revenue jumps 31.4 percent

Videogame publisher Take-Two Interactive Software Inc reported a 31.4 percent rise in adjusted revenue, driven by strong demand for "NBA 2K17", the latest version of its popular basketball franchise, as well as higher downloads of its games. Take-Two, like rivals Electronic Arts and Activision Blizzard, has in recent years benefited from a shift to the high-margin digital business, where players download games rather than buy physical game discs. Adjusting for deferrals, net revenue rose to $479