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2007 Take-Two Future in Jeopardy Due to GTA 4 Delay
Grand Theft Auto IV - Rockstar/Take2 News | @ 06:31 PM MDT | By cyrix
It would seem financial troubles are abound for Rockstar and their parent company Take-two.
The delay of Grand Theft Auto 4 on PS3 and Xbox 360 did more than upset millions of gamers anxiously awaiting its release -- it further complicated Take-Two's ongoing attempts to return to profitability.
According to The Street, the publisher could run out of both cash and credit reserves as soon as January or February, making the spring release of GTA 4 that much more crucial to the publisher's survival.
As a result, an incredible 32 percent of company stock is outstanding, meaning investors are anything but confident with Rockstar's sugar daddy at the moment
It seems as though due to their golden ticket being pushed back that Take-Two Interactive is feeling financial strain. This is nothing new to the parent company given the past few years of financial hardship, however despite their financial issues they still remain ranked as the sixth largest game maker in the industry. Analysts say the company can pull through so long as they keep the release date of the game within a reasonable time frame.
Thanks to GamePro for the information.
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