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.