08-03-2007, 08:15 AM
NOTE - To moderator, I apologize for making this thread. If you wish you may merge this with a similar thread made by greaser lee. Sorry for being ignorant,
CZMQFRG
Take-Two has confirmed that Grand Theft Auto IV has been pushed back from its original October 2007 release date into fiscal 2008, GamesIndustry.biz reports.
"Obviously, we are very disappointed to reduce guidance after having previously reaffirmed it," said Take-Two's CEO Ben Feder. "Other than a matter of timing, the movement of Grand Theft Auto IV does not compromise Take-Two in any way."
"We are in sound financial condition and have a great product line-up. Grand Theft Auto IV is going to be the defining next generation videogame action adventure."
The company revised its fiscal year guidance, ending October 31, 2007, anticipating revenue in the range of USD 950 million to USD 1 billion, with a net loss per share in the range of USD 1.25 to USD 1.35, excluding stock-based compensation expense of USD 0.25 per share and excluding approximately USD 0.61 per share of charges related to the Company's reorganisation expenses.
Other than announcing the game was now planned for release in Q2 of fiscal 2008, which begins on February 1, no specific revised release date for GTA IV was given.
UPDATE: In a conference call, Take-Two's Strauss Zelnick spoke of the challenge involved with working on two relatively new platforms simultaneously, stating that the "delay was essential to ensure the quality of GTA IV."
"We owe it to our millions of fans, to our dedicated development team, and to our shareholders to make sure that Grand Theft Auto IV is a groundbreaking gaming experience and is an experience that takes maximum advantage of next-generation technology."
Related - Manhunt 2 not for '07
Even though I am not the proud owner of either a Playstation 3 or an Xbox 360 console, I can't help but stress my disappointment at this shady move by Rockstar.
Grand Theft Auto IV was being touted as one of the major titles of the year, standing alongside the likes of Halo 3 and Super Mario Galaxy, and is now being pushed down a number of months. One must ask oneself, if indeed this is truly about finance, but rather a way to gain profits in the generally known slow point of a year, the beginning, or Q1 as it is known in the business.
As always, I am intrigued to hear your opinions on the matter.
CZMQFRG
CZMQFRG
"Obviously, we are very disappointed to reduce guidance after having previously reaffirmed it," said Take-Two's CEO Ben Feder. "Other than a matter of timing, the movement of Grand Theft Auto IV does not compromise Take-Two in any way."
"We are in sound financial condition and have a great product line-up. Grand Theft Auto IV is going to be the defining next generation videogame action adventure."
The company revised its fiscal year guidance, ending October 31, 2007, anticipating revenue in the range of USD 950 million to USD 1 billion, with a net loss per share in the range of USD 1.25 to USD 1.35, excluding stock-based compensation expense of USD 0.25 per share and excluding approximately USD 0.61 per share of charges related to the Company's reorganisation expenses.
Other than announcing the game was now planned for release in Q2 of fiscal 2008, which begins on February 1, no specific revised release date for GTA IV was given.
UPDATE: In a conference call, Take-Two's Strauss Zelnick spoke of the challenge involved with working on two relatively new platforms simultaneously, stating that the "delay was essential to ensure the quality of GTA IV."
"We owe it to our millions of fans, to our dedicated development team, and to our shareholders to make sure that Grand Theft Auto IV is a groundbreaking gaming experience and is an experience that takes maximum advantage of next-generation technology."
Source (via Eurogamer)
Related - Manhunt 2 not for '07
Even though I am not the proud owner of either a Playstation 3 or an Xbox 360 console, I can't help but stress my disappointment at this shady move by Rockstar.
Grand Theft Auto IV was being touted as one of the major titles of the year, standing alongside the likes of Halo 3 and Super Mario Galaxy, and is now being pushed down a number of months. One must ask oneself, if indeed this is truly about finance, but rather a way to gain profits in the generally known slow point of a year, the beginning, or Q1 as it is known in the business.
As always, I am intrigued to hear your opinions on the matter.
CZMQFRG