PS3 News: Take-Two Posts Losses But GTAV Is Making "Substantial Progress" - PS3 News

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Take-Two Posts Losses But GTAV Is Making "Substantial Progress"

Take-Two Interactive has Grand Theft Auto V in the hopper, and that's a good thing.

It should help to stem the tide of recent losses. Take-Two's latest quarterly results weren't good; the company suffered a $110.8 million loss, due in some part to lower-than-anticipated sales of Max Payne 3 and Spec Ops: The Line. There was also a mysterious "one-time payment" of $15 million.

Take-Two's net revenue registered at $226.1 million for the quarter, down from $334.4 million during the same period last year, but catalog sales leaped 50%, as they accounted for 26% of overall revenue. Digital sales grew 33% as well, so there are definitely some bright spots for the publisher. Max Payne 3 did manage to ship 3 million copies but obviously, the company expected more in the way of actual sales. As for GTAV, well...all they'll say is that development is in full swing and it's making "substantial progress."

Guess that's better than nothing.

Tags: take two interactive, take two games, gaming industry

7/31/2012 8:18:36 PM John Shepard

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Comments (12 posts)

bebestorm
Tuesday, July 31, 2012 @ 10:00:59 PM
Reply

R should at least give us few details and give status update on Agent.

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Jed
Wednesday, August 01, 2012 @ 1:47:41 AM

It's possible that R* is just being their typical selves and keeping as quiet as possible about Agent. Maybe they are really focusing on GTAV right now and have Agent on the back burner.

Unfortunately though, after hearing so little about it in the beginning and nothing at all over the past year, I really don't think this game is going to happen. If it does happen I don't think it will be anywhere near what we had all been hoping for.

That's just my two cents. I hope they surprise me and come out with the badass PS3 exclusive masterpeice they hinted at years ago. But it's just been so shady I can't bring myself to believe they will.

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Killa Tequilla
Wednesday, August 01, 2012 @ 4:46:47 AM

Or maybe theyre working on the greatest open world game man can ever create.

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___________
Wednesday, August 01, 2012 @ 5:47:46 AM

sadly they have, and dont hold your breath on it!
http://www.playstationlifestyle.net/2012/07/31/take-two-gives-agent-non-comment-we-havent-announced-anything-about-that-title/
one thing that REALLY pisses me off about publishers these days!
one reason why i really hate R*, they announce their games FAR too early that they cant talk about them!
whats the point of saying to your friend oh hey look ive got this awesome new toy!
than he says can i see it?
and you say oh sorry no not for a year or two.
so f*cking god dam frustrating!!!!!!!!!
R*, its simple.
either say yes its still in development and give us a screenshot or SOMETHING!
or just say sorry we have decided to cancel it.
trust me your going to piss off a hell of allot more fans just by constantly staying mum on it!

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LimitedVertigo
Wednesday, August 01, 2012 @ 6:25:33 AM

It's vaporware...sorry

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bebestorm
Wednesday, August 01, 2012 @ 8:56:33 AM

@ Jed I think Agent has taken MP3 place remember it was long development process and I wouldnt be surprised if its no longer exclusive.

@LV Vaporware like Versus XIII! :p

Last edited by bebestorm on 8/1/2012 9:01:25 AM

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LimitedVertigo
Wednesday, August 01, 2012 @ 10:15:01 AM

bebestorm,


Unlike Agent we've actually seen video and bits of information regarding Versus throughout these past few years.

But I get your jab :)

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___________
Wednesday, August 01, 2012 @ 10:28:48 AM

yes, but MP3 did not take 3 years after its announcement to see its first information!
agent was announced E3 2009 3 years and 2 months ago!
max payne 3 was actually announced three months befor agent!
that puts it into perspective how far behind schedule agent is, even for R* standards!


Last edited by ___________ on 8/1/2012 10:29:42 AM

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Jed
Wednesday, August 01, 2012 @ 1:50:08 AM
Reply

I don't think they will mind this little hiccup when they are raking in the cash from GTAV.

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Vivi_Gamer
Wednesday, August 01, 2012 @ 4:00:31 AM
Reply

Summer 2013. Still calling it.

But it would be nice to get a trailer which gives us information on the story, I never got much from the initial trailer tbh.

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___________
Wednesday, August 01, 2012 @ 5:49:26 AM
Reply

im shocked, i really thought MP3 would rake in the big cash for them!
and it has, its sold really well so what gives?
im shocked, i mean yea they had LA Noire last year, but that cost FAR more than MP3 to produce so how can they be in the red zone?
GTAV is costing THAT much to produce?
eh, maybe if they actually released agent this year they would be in a different position!
cant believe how long its been since they have said boo about the title!
even for R* its been a long time!

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Qubex
Thursday, August 02, 2012 @ 12:54:03 AM
Reply

Yip, can't wait to play GTAV. It should be great fun.

Q!

"play.experience.enjoy"

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