GTA Delays Could Put Take-Two in Financial Trouble

Jimmy 2004 · Dec 8, 2007, 08:51 PM

It looks like the delays involved in developing GTA IV could be causing some financial trouble for publisher Take-Two interactive. Grand Theft Auto IV, which is the latest instalment in the company’s most successful series of games, was originally scheduled to be released in October this year, however it has since been pushed back to next year to give Rockstar Games (the division of Take-Two responsible for developing GTA) enough time to finish it. At the start of the year, Take-Two had around $138.15 million in cash, which had fallen to $61.62 million by the end of July. However, last month the company increased its five-year revolving credit facility up from $100 million to $140 million, and given the rate it’s been losing money it could soon find itself drawing upon that facility. As a result, GTA IV is being hinted at as a make-or-break game for Take-Two, so the company will be hoping for no more delays.

Source: TheStreet.com

bretts31344 · Dec 8, 2007, 09:13 PM

Quote:

Originally Posted by Jimmy 2004

As a result, GTA IV is being hinted at as a make-or-break game for Take-Two, so the company will be hoping for no more delays.

It will definitely be a big hit. This is the GTA series. Just like Madden, casual players will pick this up too. It will release on the PS3 and 360, which makes the install base huge.

Azn Tr14dZ · Dec 8, 2007, 10:07 PM

Quote:

Originally Posted by bretts31344

It will definitely be a big hit. This is the GTA series. Just like Madden, casual players will pick this up too. It will release on the PS3 and 360, which makes the install base huge.

It does make the base huge because of the fact that it releases on both consoles at the same time, unlike GTA: SA which released for the PS2 first, then Xbox, but it was still a huge hit.

Silverel · Dec 8, 2007, 10:21 PM

It would be nice to see Take-Two back up against the wall and release it for the PC as well. Obviously people with the next gen consoles are gonna run out and buy it, but the market penetration for PC's shouldn't be underestimated... as it usually is.

and a multi-player co-op/versus mode would be nice...

lemonadesoda · Dec 8, 2007, 11:18 PM

Just what exactly has Take-Two and Rockstar been doing with the MILLIONS it has been making over the last years? How exactly can such a successful company find itself in financial trouble? It's not like they been releasing a string of flops! Something fishy here. Directors drained the piggy banks dry on personal bonuses? Too much money on corporate jets?

This is just not a crediible story for a successful and professionally managed company.

cool_recep · Dec 8, 2007, 11:23 PM

I don't know if you have watched the latest trailer but I think the graphical advance in the game is "0" at the moment. As if they used the GTA III engine, with little modifications...

I was hoping some stuff to burn out my 2900 XT.....lol..

bretts31344 · Dec 8, 2007, 11:40 PM

Quote:

Originally Posted by cool_recep

I don't know if you have watched the latest trailer but I think the graphical advance in the game is "0" at the moment. As if they used the GTA III engine, with little modifications...

I was hoping some stuff to burn out my 2900 XT.....lol..

Are you kidding? Sure, it is no Crysis, but point me to another open world game that has better graphics. I would definitely say there is an improvement over the GTA III engine, but no open world game is going to raise the bar for graphics.

Yin · Dec 9, 2007, 12:57 AM

Quote:

Originally Posted by bretts31344

Are you kidding? Sure, it is no Crysis, but point me to another open world game that has better graphics. I would definitely say there is an improvement over the GTA III engine, but no open world game is going to raise the bar for graphics.

oblivion

stubbers · Dec 9, 2007, 01:09 AM

It does have an increase in qual over GTA III, are you kidding me... Hopefully this will push Take2 to release for PC earlier than usual

Widjaja · Dec 9, 2007, 01:42 AM

Serioulsy the new GTA.
There will be many many pre-orders over the world.
There are not going to loose any money unless. . . .
The game crashes, freezes and what not like 2K's Bioshock did or still does for the some of the 360's and many PCs by the sound of things at 2K forum.
Except mine.

Woah Mama! · Dec 9, 2007, 02:03 AM

Why be worried? Has GTA ever failed? No.

Coming straight off from the purely awesome San Andreas there will be no difficulty in selling GTA4 at all. I mean aside from an ass hat lawyer who doesn't like video game porn or the ability to kill crack dealers, Take Two has nothing to be worried about. Everything I have watched and looked at for GTAIV so far is making me more hyped for its release then I was for San Andreas. I actually walked out of my TAFE apprenticeship class to go and buy my hard cover version of San Andreas the day it came out. I was late to class that day because when I arrived in Sydney I ran down to the games store to see if they had stock yet and they said it wouldn't be there for a few hours. So I asked the guy to call me when it came in, he called me in class, I then ran out of class to go get my copy. It cost me $100 which was 1/4th of my pay for the week, and it got me in trouble with my boss.... but totally worth it. I have probably played that game for close to 1000 hours, I played it so much my original CD broke.

Sorry for the kinda off-topic story though.

Fragman · Dec 9, 2007, 10:13 PM

And it they play it right and make it for PC they will make meny more money but its seems like PC owners a not welcome in the gaming world enymore.....

ktr · Dec 9, 2007, 10:55 PM

Quote:

Originally Posted by Yin

oblivion

oblivion?!?!

Its the same exact landscape rendered over and over for miles.

GTA:VC for the pc or xbox had a beautiful environment, with every textures at higher res and lighting effects. Plus high amounts of unique models compared to oblivion.

1c3d0g · Dec 9, 2007, 11:47 PM

Hahaha...Woah Mama!

Damn right man! Keep on rocking, don't you care about what anybody else says, GTA rules!

Steevo · Dec 10, 2007, 03:14 AM

GTA:SA has more shit to do than ANY other game out.

You can wander for DAYS and still find new shit to do. That is actually one of the problems, once you get half the game done you just wanna check out all the shit to do and then you lose sight of the real game. I have never finished a GTA since 3 on the PS2 and then only as we had days and lots of beer.

DaMulta · Dec 10, 2007, 03:22 AM

They should give us a PC port at the same time then...

erocker · Dec 10, 2007, 03:35 AM

Quote:

Originally Posted by Fragman

And it they play it right and make it for PC they will make meny more money but its seems like PC owners a not welcome in the gaming world enymore.....

Lol. Yes the Gaming High-Chancellor of gaming world has kicked PC gamers out of his magical land! It will be out for PC you'll just have to wait. King Segatendo has spoken!!!!

hacker111 · Dec 10, 2007, 05:33 PM

I still play the grand theft auto II but I still cant wait for it to comeout next year...From the looks of it I will also be helping out that company so that they can make more really good games.....

Dec 8, 2007, 08:51 PM	#1
Jimmy 2004 Eligible for custom title Join Date: Jan 2005 Location: England Posts: 5,047 (1.65/day) Thanks: 134 Thanked 276 Times in 185 Posts System Specs	GTA Delays Could Put Take-Two in Financial Trouble It looks like the delays involved in developing GTA IV could be causing some financial trouble for publisher Take-Two interactive. Grand Theft Auto IV, which is the latest instalment in the company’s most successful series of games, was originally scheduled to be released in October this year, however it has since been pushed back to next year to give Rockstar Games (the division of Take-Two responsible for developing GTA) enough time to finish it. At the start of the year, Take-Two had around $138.15 million in cash, which had fallen to $61.62 million by the end of July. However, last month the company increased its five-year revolving credit facility up from $100 million to $140 million, and given the rate it’s been losing money it could soon find itself drawing upon that facility. As a result, GTA IV is being hinted at as a make-or-break game for Take-Two, so the company will be hoping for no more delays. Source: TheStreet.com

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Dec 8, 2007, 10:21 PM	#4
Silverel Join Date: Nov 2007 Location: Detroit, MI Posts: 1,596 (0.79/day) Thanks: 93 Thanked 237 Times in 217 Posts System Specs	It would be nice to see Take-Two back up against the wall and release it for the PC as well. Obviously people with the next gen consoles are gonna run out and buy it, but the market penetration for PC's shouldn't be underestimated... as it usually is. and a multi-player co-op/versus mode would be nice... __________________ http://www.heatware.com/eval.php?id=62786

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Dec 8, 2007, 11:18 PM	#5
lemonadesoda Eligible for custom title Join Date: Aug 2006 Posts: 5,337 (2.17/day) Thanks: 749 Thanked 960 Times in 710 Posts System Specs	Just what exactly has Take-Two and Rockstar been doing with the MILLIONS it has been making over the last years? How exactly can such a successful company find itself in financial trouble? It's not like they been releasing a string of flops! Something fishy here. Directors drained the piggy banks dry on personal bonuses? Too much money on corporate jets? This is just not a crediible story for a successful and professionally managed company.

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Dec 8, 2007, 11:23 PM	#6
cool_recep Join Date: Oct 2005 Location: Istanbul/Turkey Posts: 353 (0.13/day) Thanks: 43 Thanked 64 Times in 38 Posts System Specs	Gta Iv I don't know if you have watched the latest trailer but I think the graphical advance in the game is "0" at the moment. As if they used the GTA III engine, with little modifications... I was hoping some stuff to burn out my 2900 XT.....lol..

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Dec 9, 2007, 01:09 AM	#9
stubbers Join Date: Dec 2007 Posts: 6 (0.00/day) Thanks: 0 Thanked 0 Times in 0 Posts	It does have an increase in qual over GTA III, are you kidding me... Hopefully this will push Take2 to release for PC earlier than usual

Dec 9, 2007, 01:42 AM	#10
Widjaja Join Date: Jun 2007 Location: Wangas, New Zealand Posts: 4,023 (1.85/day) Thanks: 241 Thanked 617 Times in 534 Posts System Specs	Serioulsy the new GTA. There will be many many pre-orders over the world. There are not going to loose any money unless. . . . The game crashes, freezes and what not like 2K's Bioshock did or still does for the some of the 360's and many PCs by the sound of things at 2K forum. Except mine.

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Dec 9, 2007, 02:03 AM	#11
Woah Mama! Join Date: Oct 2007 Location: Australia Posts: 328 (0.16/day) Thanks: 39 Thanked 22 Times in 21 Posts System Specs	Why be worried? Has GTA ever failed? No. Coming straight off from the purely awesome San Andreas there will be no difficulty in selling GTA4 at all. I mean aside from an ass hat lawyer who doesn't like video game porn or the ability to kill crack dealers, Take Two has nothing to be worried about. Everything I have watched and looked at for GTAIV so far is making me more hyped for its release then I was for San Andreas. I actually walked out of my TAFE apprenticeship class to go and buy my hard cover version of San Andreas the day it came out. I was late to class that day because when I arrived in Sydney I ran down to the games store to see if they had stock yet and they said it wouldn't be there for a few hours. So I asked the guy to call me when it came in, he called me in class, I then ran out of class to go get my copy. It cost me $100 which was 1/4th of my pay for the week, and it got me in trouble with my boss.... but totally worth it. I have probably played that game for close to 1000 hours, I played it so much my original CD broke. Sorry for the kinda off-topic story though. __________________ "I'm a relatively respectable citizen. Mutiple felon perhaps, but certainly not dangerous." - Raoul Duke, Fear & Loathing In Las Vegas. I'm selling some stuff!

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Dec 9, 2007, 10:13 PM	#12
Fragman Join Date: May 2006 Location: Denmark EU Posts: 57 (0.02/day) Thanks: 0 Thanked 3 Times in 2 Posts	And it they play it right and make it for PC they will make meny more money but its seems like PC owners a not welcome in the gaming world enymore.....

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Dec 9, 2007, 11:47 PM	#14
1c3d0g Join Date: Dec 2007 Posts: 615 (0.31/day) Thanks: 2,255 Thanked 47 Times in 38 Posts	Hahaha...Woah Mama! Damn right man! Keep on rocking, don't you care about what anybody else says, GTA rules!

Dec 10, 2007, 03:14 AM	#15
Steevo Eligible for custom title Join Date: Nov 2005 Posts: 5,567 (2.02/day) Thanks: 238 Thanked 979 Times in 729 Posts System Specs	GTA:SA has more shit to do than ANY other game out. You can wander for DAYS and still find new shit to do. That is actually one of the problems, once you get half the game done you just wanna check out all the shit to do and then you lose sight of the real game. I have never finished a GTA since 3 on the PS2 and then only as we had days and lots of beer. __________________ “it would have been perfect....its got trains and the line"tech your kids not to do what iv done"(or similar) because i had obviously done something to warrent 2 e-thugs to come 4000miles out of their way and kill me.” -Solaris17 “yeah i failed. i noticed the "coming soon" part after i posted.” -Mussels “people are just stupid.” -W1zzard Yes I am evil, yes you can have some.

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Dec 10, 2007, 03:22 AM	#16
DaMulta My stars went supernova Join Date: Aug 2006 Location: Oklahoma T-Town Posts: 10,337 (4.16/day) Thanks: 1,449 Thanked 1,477 Times in 1,113 Posts System Specs	They should give us a PC port at the same time then... __________________ ocLIT The Hardware Punishers

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Dec 10, 2007, 05:33 PM	#18
hacker111 Join Date: Nov 2007 Location: MA United States Posts: 332 (0.16/day) Thanks: 48 Thanked 1 Time in 1 Post	I still play the grand theft auto II but I still cant wait for it to comeout next year...From the looks of it I will also be helping out that company so that they can make more really good games.....

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