How Sony and Microsoft are possibly destroying hardcore gaming

[mike_intellivision]

sakicfan84 said:

wfz said:

mike_intellivision said:
Query for all who do not see the basic truth in Rol's arguement in the OP.

Would TakeTwo have had sufficient revenues to fund GTA IV had not Carnival Games sold so unbelievably well?

The company almost went under -- and almost had a hostile takeover -- as it prepped the latest installment in the Grand Theft Auto series. But the funds from its casual Wii offering allowed it to survive.

Mike from Morgantown

 

 

Are you sure that one game saved them? And GTA4 hasn't made money? That's a pity.

If anyone is saying that, they'd be an idiot.  From Take-Two's 2008 10-K:

"Our latest iteration in the Grand Theft Auto series, Grand Theft Auto IV , was released on the PS3 and Xbox 360 platforms in the second quarter of fiscal 2008. For the years ended October 31, 2008, 2007 and 2006, our Grand Theft Auto titles accounted for 46.2%, 13.1% and 22.4% of our total net revenue, respectively. No other products accounted for more than 10% of our revenue for the year ended October 31, 2008."

"We are dependent on the future success of our Grand Theft Auto products and we must continue to publish "hit" titles or sequels to such"hit" titles in order to compete successfully in our industry."

If the game accounted for over 40% of their annual revenue despite being out for only six months of that period, one would have to imagine it was insanely profitable.  They slobber all of the Grand Theft Auto series in their annual report...it's their bread and butter, and they know it.  The release of GTA 4 was definitely the leading factor in the company actually posting profits for a year.

 

People

 

I was not saying that GTA IV did not make Take Two money.

I was saying that the profits from Carnival Games served as bridge financing so it could complete GTA IV.

 

From the 10-K: "We are dependent on the future success of our Grand Theft Auto products and we must continue to publish "hit" titles or sequels to such"hit" titles in order to compete successfully in our industry."

Carnival Games Mini-Golf anyone?

 

Mike from Morgantown

PS -- I am not so daft to think that a game selling 12M does not make more money than one selling 3M.

http://vgchartz.com/swlaunch.php?reg1=All&game1=Carnival+Games+-+Wii&reg2=All&game2=Grand+Theft+Auto+IV+-+PS3&reg3=All&game3=Grand+Theft+Auto+IV+-+X360&weeks=100