Take Two Delays Two Games

Performed above expectations despite losses

Posted by Staff
Take Two Delays Two Games
Take Two Interactive is delaying the release of Red Dead Redemption and Mafia II. The news comes at the same time as the company also stated that this "fiscal year's performance will be strongly weighted to the fourth quarter, which will see the launch of Grand Theft Auto: Episodes from Liberty City on the Xbox 360", said Reuters.

In fact, as already reported, the latest slice of DLC for GTA IV has already been announced.

The Take Two earnings release also states, "Mafia II and Red Dead Redemption are now scheduled for release in the first half of fiscal 2010 to allow additional development time for the titles and to maximize their full potential in terms of the quality of the player experience and market performance."

MCV also reports that, "The New York City-headquartered publisher has posted a net loss of $10.1m for the second quarter ending April 30, a figure which is shadowed by a profit of $98.2m the year prior. It means that first-half net losses have grown to around $60m."

On the updside, revenue compared to the same period (the second fiscal quarter) was down 57% cent to about $230m. This, however outperformed Wall Street forecasts at $216m.


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