TTWO - Take-Two Interactive

Sam's friend was pursuing a hostile takeover, calling GTA an incredible asset with strong moats. The game did $1B in sales in 3 days at launch, still does $500M/year 12 years later, and GTA 6 is projected to do $3B in first-year sales. Described as a Warren Buffett-style business with no substitution risk.

Has potential with GTA 6 expected to be the most profitable game ever, but release keeps being delayed. AI development (Google's 3D world generation) poses a new risk by potentially lowering barriers to entry in gaming. Monitoring from a distance.