Its all about Houser brothers contract which is up right about now. Without Rockstar TTWO is at best a $10 stock and everyone knows that hence there is no buyout nor increase in stock price. If this contract is not extended then why would anyone buy into this company just to see top talent leave within a couple of months??
TTWO owns Rockstar. They're just employees, abeit extremely important ones. The IPs are TTWO's but truthfully, they're not going anywhere. Zelnick gives them carte blanche. Name another publisher that will give a $250 million production and marketing budget for a single game? The Hausers are probably the best compensated game developers in the world and since they're employees, they have practically no risk.
After the incredible sales of GTA V, I'd be very surprised to see GTA V want to switch companies... although that does mean their bargaining power during their contract negotiations may have increased, but I'm betting since this is TTWO's superstar, they're already have a pretty nice contract.
Sentiment: Strong Buy
not sure when the new one expires, but current one was signed in May 2011 so who knows what the length is. I think this is the only point of confusion, nobody is willing to buy this company if the top talent walks out the door soon after. no clarity on Rockstar future, no clarity on any major releases, GTA V is in rear view mirror so why would the stock rise??