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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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'Grand Theft Auto V' sales: $800 million in 24 hours

When players get their hands on "Grand Theft Auto V" on Tuesday, the gaming world will get another titillating dose of the sex and violence that has come to define the series in the eyes of millions -- many of whom have never played it.
Credit: Rockstar Games

Aaron Smith

NEW YORK (CNNMoney) -- The stock price for Take-Two Interactive Software Video, maker of the wildly popular "Grand Theft Auto" video game, is burning rubber.

Take-Two launched the latest edition of its Grand Theft Auto series on Tuesday, and within one day the frenzied sales surpassed $800 million worldwide, breaking a company record, Take-Two said. The company's stock rose 2% on Thursday following its sales announcement, and has surged more than 60% this year.

Take-Two managed to surpass its most prominent game rival, Activision Blizzard's "Call of Duty" game series. "Ghost," the latest version of the series, raked in $500 million within 24 hours after it was released on Nov. 16, 2012, according to Activision.

"Grand Theft Auto" sales easily topped weekend box-office tallies for the biggest blockbusters, in the latest example of the video game industry's clout compared to other modes of entertainment.

"I believe this is bigger than any blockbuster," said Alan Lewis, vice president of corporate affairs and public relations for Take-Two. "This is the biggest entertainment day launch in the history of any entertainment medium."

The top-selling blockbuster movie was "Harry Potter and the Deathly Hollows: Part 2," which made $483 million worldwide during its opening weekend in 2011, according to www.boxofficemojo.com.

The Grand Theft Auto series of interactive games has been in existence for 16 years. The games are well known for their graphics, violence and f-bomb dropping gangsters, elements that have helped to fuel their popularity as well as controversy. The game is rated Mature 17+ for "intense violence, blood and gore, nudity, mature humor, strong language, strong sexual content and use of drugs and alcohol."

The video game industry has been surging this year, with Activision climbing 60% year-to-date and Electronic Arts, producer of sports-themed games including the recently-released NHL 14, surging 86%.

Beneficiaries of Grand Theft Auto's success include Sony, since the game is played on its PlayStation 3 computer entertainment system, and Microsoft, maker of the Xbox 360.

Sony has started pre-orders for the much-hyped evolution of its video game product, the upcoming PlayStation 4, due for release in November.

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