Take-Two has said it’s not worried about a potential ban on loot boxes as the controversial mechanic only accounts for a small amount of its sales.
The company reported net bookings of $2.929 billion for the period, suggesting loot boxes accounted for approximately $87.87 million of the total.
Zelnick’s comments on the matter came in response to a question about US Senator Josh Hawley, who recently announced plans to propose new legislation that would ban loot boxes and ‘pay-to-win’ mechanics in video games targeted at minors.
“On the loot boxes question, just to put it in context, that mechanic is responsible for less than three per cent of our net bookings in the past fiscal year, so it’s not material to us,” Zelnick said.
“We have used the mechanic in the past, so it is something we’ve seen and we think it’s just fine.
“There has been some noise around it, particularly internationally,” he added. “As I said, we think it’s a perfectly reasonable mechanic. However, it forms a very small part of our business.”
In April 2018, the Netherlands Gaming Authority and the Belgian Gaming Commission declared that certain types of loot boxes were in violation of gambling laws, leading to a crackdown on their inclusion in games.
In the US, the Federal Trade Commission is due to hold a public workshop looking into consumer issues surrounding loot boxes on August 7.