Take-Two's CEO Strauss Zelnick appeared on Bloomberg TV to discuss his company's stance on virtual reality headsets, like those from Microsoft, Sony, and Oculus.

"Not yet. Part of it is we need to see how the headsets roll out and how we can best deliver an experience... We are concerned that you'll play our games for a long period of time -- we don't want people getting nauseated. And also, having had the experience, I'm not sure how long you want an immersive headset on your head. We'll find out. I will say this. If that's what consumers want, we'll be first in line to give it to them."

"We see no reason to innovate in terms of business models. We prefer to be a fast follower. No one else can make our intellectual property -- only we can. I'm happy to have other people spend loads of dough on R&D."

Bloomberg's Erik Schatzker asked Zelnick if gaming was ready for virtual reality, to which he replied:Zelnick added that Microsoft gave him a demonstration of its own virtual reality hardware . He said that, while wearing an "immersive headset," he interacted with characters that appeared to be real, but weren't. He continued:Take-Two recently released Grand Theft Auto V for next-gen consoles. You can read our GTA V review in progress here. And check out our GTA V wiki for maps, collectible locations, cheats, and more.

Brian is an associate editor at IGN. You can follow him @albinoalbert on Twitter