The Take-Two news bag @ Gaming Target

Written by Kris Rosado on March 11, 2008

News: Conference call notes and Q1 reports.

Take-Two Interactive is sure hogging the limelight these days, now if they could just find a way to make it more of a positive light.

The company's first fiscal quarter ended on January 31st to the tune of a $38 million loss. Net revenue was at $240.4 million, this is down from the $277.3 million made in Q1 of 2007. BioShock, Carnival Games, and the release of Grand Theft Auto in Japan all were top contributers. Of course, Take-Two is staying positive that come time for GTA IV, everything will smooth out.

CEO Ben Feder maintains his optimism for 2008 with the following statement:

As a result of the positive first quarter developments and our strong pipeline we are raising our fiscal 2008 guidance today to 1.25 to 1.4 billion dollars in revenue.

Again, GTA IV and the episodic content are the backbone of mentioned "strong pipeline". Midnight Club LA has been pushed back to Q4, Civilization Revolutions, and sports titles will make up the rest of the pipeline.

The recently announced BioShock 2, Carnival Games: Mini Golf, and the recently delayed Boarderlands will have 2009 fiscal duty.

Strauss Zelnick also teased that Rockstar has a unknown triple A title in the works for 2009. Though he gave no other details.

With the upcoming movie adaptation of Max Payne in the works, questions about a possible third game were asked and only answered with:

we will sell no wine before its time.