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Take-two Q2 Financials 2008

Take-Two Q2 financials – All cash, GTA and Bioshock news in one place

What a night. Following the release of the first in-game footage of Duke Nukem Forever, Take-Two issued second quarter financials and a mass of news on Grand Theft Auto, Bioshock, a GTA IV DLC delay and much more. You missed the release and the conference call because you’re not hardcore enough to do nothing but […]

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Take-two Q2 Financials 2008 headlines

  • Take-Two may enter rhythm-action space

    Speaking in last night’s Q2 financials conference call, Take-Two chairman Strauss Zelnick admitted the firm was looking at the rhythm-action sector for potential future launches but was cautious of releasing a title at the moment. “Possibly,” he said when asked if a music game was on the cards. “There’s nothing that we’ve disclosed on the […]

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  • EA offer costs Take-Two $5.3 million in legal fees

    As part of last night’s quarterly financials statemen, Take-Two confirmed that it has so far spent $5.3 million on legal fees thanks to EA’s offer for the company. The press release noted that te firm had binned “$5.3 million in professional fees and legal expenses, with the majority related to Electronic Arts’ unsolicited tender offer.” […]

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  • Bioshock movie may come alongside third game, says Zelnick

    Speaking in an investor call related to just-released Q2 financials, Take-Two head Strauss Zelnick said that the now-confirmed Bioshock film would not release alongside Bioshock 2 next year. “It’s more likely that it would be released coincident with BioShock 3,” he said. This is, obviously, the first time a third Bioshock game has ever been […]

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  • GTA IV DLC: Same team and studio making content, delay nothing to do with dev issues

    Take-Two boss Bed Feder just confirmed that the GTA IV DLC team is the same that created the original game. Feder refused to offer any information on consumer pricing for the content, but said that the now-confirmed move into Q1 fiscal 2009 had nothing to do with development problems. “The [move] is not about development […]

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  • GTA accounted for 78% of Take-Two's revenues for Q2

    Take-Two executive Cindy Buckwalter just confirmed that Grand Theft Auto as a franchise accounted for 78 percent of total publishing revenue in the company’s second quarter. Revenue for the three months ending April 30 was $539.8 million, up 160 percent from $205.4 million a year earlier. The comments came in an investor call following the […]

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  • Take-Two has 33 games in development, sports business to make loss this year

    Senior Take-Two executive Cindy Buckwalter just confirmed that the firm has a sizeable portolio of games in the works. “We currently have 33 titles in various stages of development,” she said. Buckwalter also confirmed that the company doesn’t expect its 2K sports business to turn a profit this year. The comments came in an ongoing […]

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  • Take-Two actively in discussions with a number a companies over buyout

    Take-Two boss Strauss Zelnick has just confirmed that the company is in active discussion with several companies to sell the company. “We’re actively engaged in that process now,” he said, talking in an ongoing conference call backing up a Q2 financial release. “We have and continue to have” discussions with “a number of third parties,” […]

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  • Rumour confirmed: Gore Verbinski to direct Bioshock movie

    A Take Two press release now confirms the earlier Variety rumour that Gore Verbinski will direct the Bioshock movie. “BioShock, a wholly owned and internally developed title for Xbox 360 and Games for Windows shipped over 2.2 million units since its debut in late August,” it reads. “2K Games will be bringing this popular title […]

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  • GTA IV DLC delayed until Q1 FY 09

    Take-Two’s confirmed that Grand Theft Auto IV’s 360 DLC won’t be released until the first quarter of of its fiscal 2009. “Fiscal 2008 guidance reflects the release of the first installment of episodic content for Grand Theft Auto IV for Xbox 360 in the first quarter of fiscal 2009 instead of the fourth quarter of […]

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  • GTA IV sells 8.5 million units out of 11 million shipped, Bioshock hits 2.2 million

    As part of its second quarter financials, Take-Two just announced that GTA IV has so far sold 8.5 million units out of 11 million games shipped. Bioshock, the company confirmed, has now sold 2.2 million copies. “Take-Two’s performance has exceeded expectations through the first half of fiscal 2008, clearly demonstrating the creative, operational and financial […]

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  • Take-Two profits beats expectations on strong GTA IV

    Take-Two’s beaten expectations for its second quarter, ending April 30. Net profit was $98.2 million, or $1.29 cents per share, compared with a net loss of $51.3 million, or 71 cents per share, a year earlier. Revenue was $539.8 million, up 160 percent from $205.4 million a year earlier. GTA IV, obviously, has been pinned […]

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