Deneidez said:
sakicfan84 said:
The only two profitable quarters Take-Two has in the past 2 years were the quarter in which GTA4 was relased and the following quarter. I think it's safe to say that with most games, the revenue stream is almost always front loaded. GTA accounted for nearly 50% of the revenue for the entire year in 2008...how many games did Take-Two release overall? You really should take a look at Take-Two's 10-K and 10-Q before you slam the impact that the game had on the company. Without GTA4 the company would have had 8 out of 8 quarters in the red as opposed to 6 out of 8.
I'm not sure why one would expect one game to make a large publisher profitable for more than a six month period in which most of the sales for that particular game occur. The company has a lot of issues to deal with that detrimentally impact their bottom line...GTA is not one of those issues. I guess it's easy to say something "is not really making enough profit" when you do absolutely no looking into the numbers at all though.
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http://files.shareholder.com/downloads/TTWO/0x0x259307/a3b0a479-c442-4763-9a6e-0c2aa2881644/TTWO_News_2008_12_17_Earnings.pdf
"Netincome for fiscal 2008 was a record $97.1 million"
Thats 97.1-50=47.1
Can anyone remember how much did MS pay for DLC? ;)
Anyway, if this continues... *oops*
(Well, actually I hope they go bankrupt. Just for games sake.)
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One question, what does the loss that they incurred have to do with GTA? They recouped the development and advertising costs of that game in one week of sales.
They have lots of sinkholes in their line-up. Of course GTA isn't going to be able to cover them all.
