The delay of GTA IV struck most of us gamers with sadness. Some of us were actually quite happy because there was already an abundance of gaming goodness this Fall/Winter season that our wallets were complaining about.
However Take-Two isn’t happy at all, especially if their credit reserves are running low, so low that by February they could be running out. The Spring release of GTA IV is very crucial at the moment to the company’s survival.
According to industry analyst Michael Pachter, even if GTA IV does launch in the Spring time, it still needs to sell around 8.5 million copies by October to fulfill the high hopes at T2. Despite the company’s string of financial troubles, it has managed to be ranked the 6th largest publisher behind Nintendo, EA, Activision, Ubisoft, and THQ in Game Developers’ 2007 Top 20 Publishers list.
I didn’t think Take Two was number six out of twenty–that surprises me. And yet they are having all of this financial trouble? But really, I don’t think we have to worry about GTA IV not selling 8.5 million copies by October, especially with the simultaneous release on both the Xbox 360 and the Playstation 3.
