Take 2 - Max Payne 3 Slip Leads to Year Loss
Take 2 pushes Max Payne to fiscal year 2013
Take 2 has pushed the Rockstar developed Max Payne 3 over the financial edge into its fiscal year 2013, with a launch date moved to Xbox 360 May 15, 2012 in North America on PS3 and Xbox 360 and May 18, 2012 internationally; and for the PC on May 29, 2012 in North America and June 1, 2012 internationally. This will lead to the company showing a loss for the year 2011/2012.
Financial planning is not stated as the reason for the slip, however, "We do not take changes to our release schedule lightly, and this short delay will ensure that Max Payne 3 delivers the highest quality, groundbreaking entertainment experience that is expected from our company," said CEO Strauss Zelnick.
According to WSJ, "The company lowered its bottom-line guidance for the year ended March 31 by 60 cents to 70 cents and revenue forecast by $210 million to $230 million. It had previously expected full-year earnings of 10 cents to 35 cents on $1 billion to $1.1 billion in revenue. It said it would update its full-year outlook to reflect the changes when it releases its third-quarter earnings results on Feb. 2."
The official word on the delay is here.
Financial planning is not stated as the reason for the slip, however, "We do not take changes to our release schedule lightly, and this short delay will ensure that Max Payne 3 delivers the highest quality, groundbreaking entertainment experience that is expected from our company," said CEO Strauss Zelnick.
According to WSJ, "The company lowered its bottom-line guidance for the year ended March 31 by 60 cents to 70 cents and revenue forecast by $210 million to $230 million. It had previously expected full-year earnings of 10 cents to 35 cents on $1 billion to $1.1 billion in revenue. It said it would update its full-year outlook to reflect the changes when it releases its third-quarter earnings results on Feb. 2."
The official word on the delay is here.
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