“Grand Theft Auto” Publisher Pessimistic

Take-Two Interactive, the video game publisher whose subsidiary, Rockstar, produced the massively popular Grand Theft Auto series, has trimmed its revenue forecast for the year and delayed the release of two games. Still, the company has reported surprisingly strong quarterly results.
Whereas the company had previously predicted revenues of $1.1 billion to $1.25 billion, Take-Two Interactive has now lowered its forecasts to a value somewhere between $1.05 billion and $1.1 billion. According to Take-Two, the fourth quarter will be crucial as it plans to release Grand Theft Auto: Episodes from Liberty City on the Xbox 360.
The company has lost $10.1 million …read more