NBA And 2K Developers Agree To $1.1 Billion Licensing Deal

BYAlexander Cole3.4K Views
Link Copied to Clipboard!
Emma McIntyre/Getty Images
NBA 2K
The 2K NBA games are here to stay.

Video game fans rejoice! The NBA and the developers of NBA 2K, Take-Two Interactive Software Inc., have reached a seven-year deal worth $1.1 billion which will allow the video game studio to continue making NBA games. This deal is a standard licensing agreement that companies like EA Sports sign to make games like Madden, FIFA or NHL.

In a report by the Wall Street Journal, it is said that NBA 2K19 was the best selling sports-based video game of 2018. As of November, it was also the third-best selling video game of the year, regardless of genre. It's predecessor, NBA 2K18, has sold 10 million copies which makes it the highest selling game in the entire series.

NBA And 2K Developers Agree To $1.1 Billion Licensing Deal
Emma McIntyre/Getty Images

The Wall Street Journal also noted that this new deal is worth double the previous licensing agreement forged in 2011. Since that deal, the NBA 2K games have been consistently amongst the most popular sports games on the market. The immersive nature of these games, mixed with the realistic player animations and environments, have contributed to the game's success.

It is believed that the NBA is receiving over 15% of the game's profits which is above what the average licensing agreement would pay the licensor. 

Part of the report states that EA Sports will still be allowed to release its NBA Live series, although the game is much less popular than NBA 2K.


About The Author
Alexander Cole is the current Managing Editor of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. During this time, he has shown an expertise in Air Jordans, Yeezys, and all things that have to do with Nike. His favorite kicks are the Air Jordan 1 High OG, the Air Jordan 4, the Air Jordan 6, and the Adidas Yeezy Boost 350 V2 in the "Beluga 2.0" colorway. Although his collection might not be the biggest, he is always looking to add new styles to it. When it comes to sports, Alex has a particular interest in the NBA and the NFL. His favorite teams are anywhere LeBron goes, and the Kansas City Chiefs. As a Montrealer, the Montreal Canadiens hold a special place in his heart, even if they haven't won the Stanley Cup in his lifetime. Alex also works for the Concordia Stingers, where he provides play-by-play and color commentary for the football, hockey, and basketball teams His favorite hip-hop artists are Kendrick Lamar, Playboi Carti, Travis Scott, and Lil Uzi Vert.
...