Join Date: Mar 2007
Episodic GTA IV content expected late 2008 - analyst
Matt Martin 16:05 (BST) 11/09/2007
Wedbush expects Rockstar title to generate $400m in full-price sales
While Take Two has remained quiet on the release of exclusive episodic content for Grand Theft Auto IV, Wedbush Morgan analyst Michael Pachter believes it won't appear on the Xbox 360 until at least the fourth quarter of 2008.
The PS3 and Xbox 360 versions of Grand Theft Auto IV were originally due for release this October, with chief financial officer Laine Goldstein previously revealing that the first of two exclusive packages for Microsoft would follow in March next year.
However, since the release of the highly-anticipated crime sim was pushed back until at least April 2008, any release date for the downloadable episodes – which Microsoft reportedly paid USD 25 million each for – has been up in the air.
"We note that the USD 50 million deferred revenue for GTA episodic content was reclassified as 'long term,' implying a release date no earlier than Q4 2008," commented Pachter in a note to investors following publisher Take Two's latest financial results.
Wedbush Morgan predicts that Grand Theft Auto IV will sell around 8 million units at full-price, generating revenues of USD 400 million. And despite the the fact that future titles in the series could sell even more units, the analyst remain sceptical of the franchises profitability.
"We do believe that the GTA franchise has a great deal of potential, and think that future versions will sell more than the 8 million units we expect from GTA IV.
"However, we remain sceptical that future versions will be as profitable as past versions, as the Rockstar team has apparently taken its studio name to heart," commented Pachter.
Join Date: Aug 2004
2008 may turn out to be a bad year in gaming for me.
(A little off-topic) I've read recently read on some sites that Take2 pushing LA Noire, Mafia 2 on 2009. Also, a BioShock sequel may appear in 2009.
Huge thanks to K-evin for this signature.
Join Date: Jul 2004
What does this even mean? When Rock (music) stars have successful albums the next ones sell less. What an odd comment.
Join Date: Jun 2004
Location: Okay See
It would make sense to me to release this content...October-ish. This way, people get to know GTA IV a lot better, and more people will buy the content then they would have if it was released near the same time as the game. Lets face it, for the first month or so we're going to be busy playing through all the missions, and multiplayer etc. By the time late '08 comes around, we'll be more than ready to pony up for a "refresher".
PLAYSTATION 3 / XBOX 360 -- cwwilson
Currently Playing: Saints Row 4 (360)
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