Take 2 Results
by Maarten Goldstein, Feb 27, 2003 11:36am PSTCNN Money's latest Game Over column takes a look at the latest earnings by Take 2, which were pretty damn peachy thanks to Grand Theft Auto: Vice City. Along with all the happy news also comes news that Take 2 is taking a charge on Duke Nukem Forever due to the game's many delays ("the risks associated with the extended development time caused us to re-evaluate the carrying value of this property"). HomeLAN Fed contacted Scott Miller over at 3DR though, and this doesn't have any effect on the game's development and Take 2 will still publish the game. In other news there's little chance Max Payne 2 will be out this year, and the next Grand Theft Auto is not expected until 2004 either.
Daily Filter: Tiger Woods PGA Tour 13: The Masters, Sins of a Solar Empire: Rebellion
Dear Esther Mac port confirmed
Killing Floor hits a million sales, discounted on Steam
Jam Live Music Arcade announced for PS3, Xbox 360
Metal Gear Online to quietly die this summer
Comments
The reason Take2 did this is that it's a smart revenue management move: Take a markdown now while Vice City is super successful and overall revenues are sky high, then when DNF comes out it's 100% pure profit (because they took the write-down well before the game came out).
Genius.
Thread Truncated. Click to see all 28 replies.
>>Normally George is very talkative when companies announce things like this, but I expect him to be very quiet on this. Prove me wrong :)
Been working solid all day :) This all means jack and shit. It's simply T2 being smart and making sure dnf isn't projected for a certain quarter until they are rock solid on knowing it will hit it. We tell them all the time to not predict a release, or bank on a quarter.
This isn't even remotely news.
Thread Truncated. Click to see all 3 replies.
Thread Truncated. Click to see all 5 replies.
Thread Truncated. Click to see all 2 replies.
Hes right though, if take two pulled out all together someone esle would gladly publish it.
Thread Truncated. Click to see all 10 replies.
"Accounting rules require a writedown if the fair value of an acquisition or investment has fallen significantly and, in bean-counter lingo, the decline is deemed "other than temporary," meaning fat chance that it will recover."
If we play a little fill-in-the-blank it goes like this:
"Accounting rules require a writedown if the fair value Duke Nukem Forever has fallen significantly and, in bean-counter lingo, the decline of Duke Nukem Forever is deemed "other than temporary," meaning fat chance that Duke Nukem Forever will recover."
Maybe you were thinking of a 'write-off'? In any case, money doesn't grow on trees so they lost that $12 million no matter what spin is put on it. The only happy-happy part is if DNF manages to make a lot of money, which is never a guarantee in any business. How much money did Eidos lose off of the 'sure thing' called Daikatana...lemme Google it...
Feel free to disregard or tear apart this statement, I never did pay much attention in my business classes.
Thread Truncated. Click to see all 2 replies.
I just hope GTA4 is multiplayer and cross platform from the get-go.
The PS2 hardware would really hold it back.
Thread Truncated. Click to see all 6 replies.
Thread Truncated. Click to see all 2 replies.
What does that mean?... They're gonna sue? They're dropping the franchise?
Thread Truncated. Click to see all 9 replies.
As for GTA4 - bring it on!