GTA IV release Delayed??

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Spuds725

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Spuds725
http://www.gamasutra.com/php-bin/news_index.php?story=7953

January 27, 2006

Take-Two Interactive Share Rating Downgraded
Banc of America has downgraded the rating of Take-Two Interactive, publisher of the 2K Sports line and Grand Theft Auto franchise, from "sell" to "neutral," sending the company's stock prices down $3.29 to a low of $13.64 per share, the lowest the company's stock has been in a year.

In addition, Banc of America revised its earnings expectations for the company, saying investors could now expect 59 cents per share rather than 80, and changed the company's share price target from $17 to $12.

The bank cited as reasons for the downgrading its belief that the next full Grand Theft Auto game, apart from the PS2 port of Liberty City Stories and the new title on the way for PSP, will not be available until fall 2007. The bank also expressed concern that Take-Two is losing money "at an alarming rate," and could be down to $75 million in cash by spring 2006.

The move comes as part of a succession of bad news for Take-Two, as subsidiary company Rockstar has been indicted in Los Angeles over last year's controversial Grand Theft Auto: San Andreas content, and concerns voiced by a board member, leading to her resignation from the company's board of directors.
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The stock has lost about 25% in the last week (I bought some at $18 :sui: )
http://finance.yahoo.com/q/bc?s=TTWO&t=5d

I hope they are wrong (about the delayed release date)...
 
Oh dear. I hope they can get back on their feet, and I hope they learned a valuable lesson from “Hot Coffee”. I suspect that much of their financial problems can be pinned to that.
 
THe general consensus (all the evidence pointed to, including interviews with Sam Houser) was it was going to be released concurrently with the PS3 in the fall...yes a firm date was not set but it was Take Two Interactives plan and I'm sure Sony will be disapointed as this would have been a big driver in sales-- I for one won't upgrade my PS2 until I have to for a GTA...

The "market" expected it too which is one of the reasons the stock dropped about 25% in the last week.

I'm betting its also why they are porting LCS to PS2 and other platforms... they need some $$$
 
I reckon the next GTA after LCS will not be out on PS2, but on the PS3 only for a while. Then a 360 version will show up later on after a PS3 version.
 
I wouldn't have expected to see it before mid-late 07 anyway, at the earliest.
 
Blake
Oh dear. I hope they can get back on their feet, and I hope they learned a valuable lesson from “Hot Coffee”. I suspect that much of their financial problems can be pinned to that.
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How ridiculous is that ? What's wrong with Americans concerning sexuality ?
Well I don't think that the GTA brand could die. The publisher could get broke and that would kind of suck, but the developer will survive... EA, Sony or MS will be more than willing to buy the team imo....
 
Or just the rights to the game. The team might not be bought if the purchaser feels their own staff are capable of the task.
 
Max_DC
How ridiculous is that ? What's wrong with Americans concerning sexuality ?
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The whole thing is daft. Maddox has a good piece on it. Click here.
I want to shoot people in the face, bang prostitutes, traffic drugs, steal cars, and terrorize police officers without this filthy smut in my game. Frankly, I'm appalled that Rockstar would allow such wholesale corruption of our youth. Years from now when America has become a withered husk of the morality it once stood for, historians will look back at what triggered it all and point to one event: a boolean variable that unlocked a simulated sex scene in a video game.
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Anyhoo, has Liberty City Stories been confirmed yet for PS2?


KM.
 
Max_DC
How ridiculous is that ? What's wrong with Americans concerning sexuality ?
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I'm a prude... it makes me feel all tingly inside...

YOu have to understand our media in this country-- the spoon feed everything to people... they still assume the ALL video games are for children-- The media will convince people its bad, and our politicians will use this outrage to gain votes...... I don't see the big deal between a M rated (17 or over) and and AO (18 and over game-- I don't think a 17 year old seeing that will suddenly become a sexual deviant after seeing the hot coffee scenes while an 18 year old will be immune...

Anyhoo, has Liberty City Stories been confirmed yet for PS2?
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Yes-- some time this quarter-- Feb, March, or April according to reports...

The bank cited as reasons for the downgrading its belief that the next full Grand Theft Auto game, apart from the PS2 port of Liberty City Stories and the new title on the way for PSP, will not be available until fall 2007. The bank also expressed concern that Take-Two is losing money "at an alarming rate," and could be down to $75 million in cash by spring 2006.
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Spuds725
I don't see the big deal between a M rated (17 or over) and and AO (18 and over game-- I don't think a 17 year old seeing that will suddenly become a sexual deviant after seeing the hot coffee scenes while an 18 year old will be immune...
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Yet pictures of a womans breasts on a highway billboard, that hundreds of children could see a day, are ok? Go figure. :rolleyes:
 
Pixelated boobies!!

Hot coffee was the 1st time I eva saw boobies!!!!!!!!! teeehehee
 
You're not really a pre-pubecent boy who's paid an adult to go in a buy an 18+ game :)
 

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