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120°

GTAIV masking 'recurring problems' at Take Two

Michael Pachter predicts that publisher will enter into talks with EA before the release of next-gen title

In the wake of last night's financial report from Rockstar-owning Take Two, Wedbush Morgan analyst Michael Pachter has stated that the upcoming financial uplift that will accompany the release of GTAIV is not enough to hide the problems faced by the publisher.

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mighty_douche6643d ago

Michael Pachter had a lot to say lately huh. GTA is going to make them plenty of cash to stay independent for sometime (if that's what they wanna do) and they've got a lot of fantastic looking title's on the horizon. Also let's be honest, if EA thought they were worth 2 billion thing's can't be to bad.

Either way, if they did decide to sell out why would it have to be EA, I'm sure there's plenty of other companies with cash who would be interested. Plus if your gonna work for someone would you want it to be EA?

Seraphim6643d ago

You see the problem is that GTA is Take Two's only real asset. Without GTA this company would have been sold in some way or another, or dismembered LONG ago. And outside of being a professional and knowing how much their sports titles bring in it's hard to say that 2k Sports is profitable enough for potential buyers to pay up for Take Two. Outside of EA who is the sports king; sadly enough. Bioshock is a great new IP and has certainly raised the bar a little I'd imagine and that could prove to be a profitable IP short term. But at the end of the day GTA is Take Two.

Personally I felt that 2 Billion was a very generous offer and thought for sure they'd take it. And I'm sure no other Publisher/Developer will put up that much money to secure Take Two. EA on the other hand has an investing interest not only in GTA but 2k Sports as well which in turn would allow EA total monopolization of sports games. But it seems to me that this has become and annual topic. Take Two for Sale, Who wants to pay up? They just don't produce the revenue to keep investors happy, and it seems that they're constantly doing nothing more than staying afloat until the next installment of GTA can lift them back up... They certainly make enough money off GTA to keep the clogs moving but this has become an annual event and I continue to see it as such until someone actually buys Take Two...

cr33ping_death6643d ago

again..... EA on the cover of a GTA game = no money from my pocket to theirs.

mccormack6643d ago

Surely you just buy a game if its good or not, not just because it may say EA on it, that seems a bit silly.

Danja6643d ago

Take Two...should just ask Sony to Buy them...lol

50°

44% of games industry professionals have considered leaving the industry as a result of redundancies

New report from Skillsearch found that 22% of those surveyed had been laid off within the past 12 months.

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gamesindustry.biz
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Community32d ago
Cockney32d ago

Well if that 44% left im sure there would be a lot less redundancies

40°

Stop Killing Games on the latest European Commission public hearing

It's a step forward for Stop Killing Games.

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rockpapershotgun.com
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50°

"Be creative 99% of the time" – Glen Schofield on how creativity can help fix AAA industry woes

The Callisto Protocol director thinks the solution involves the right people, the right timing, and perhaps a little bit of AI

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Community33d ago
lodossrage33d ago

I don't agree with that. I WISH I could agree with that. But buying habits and customer opinions prove otherwise

We've seen developers in the AAA space try new things and ideas. More often than not, the customers aren't willing to give things a chance, or not enough people buy into the project for it to grow.

Creativity works better in the indie space because the budgets, pressures, and expectations aren't the same.

Scissorman32d ago

it's a nice idea and it worked during the PS2/PS3-era when AAA didn't cost hundreds of millions of dollars. smaller budgets and shorter development time left room for more creativity and more risk. a game didn't need to sell 4 million+ copies to break even. things are different now.

__y2jb32d ago

This is the guy who bragged about crunching his staff and having them work through the night. Crunch culture has lost more talent and done more damage to the industry than any other factor. Screw him.