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GTA V slips to September

GTA V slips to September

Thu 31 Jan 2013 3:20pm GMT / 10:20am EST / 7:20am PST
PublishingDevelopment

Take-Two stock sinks as Rockstar claims eagerly anticipated sequel needs more time in development

Rockstar's eagerly awaited Grand Theft Auto V has slipped from its expected spring release to a confirmed date of September 17, 2013.

GTA V was confirmed as a spring release in October last year, but a statement issued by Rockstar has indicated that the game needs more time in development. This also happened to its predecessor, Grand Theft Auto IV, which was launched in April 2008 after a delay of more than six months.

"Grand Theft Auto V continues to push the series forward in new ways; Rockstar North are creating our deepest, most beautiful and most immersive world yet," said Rockstar founder Sam Houser. "We are very excited for people to learn more about the game in the coming months."

The delay of Grand Theft Auto IV seemed to work out well for Rockstar. Strong sales of the game led to many of the company's subsequent releases launching in the same April/May window, including Red Dead Redemption in 2010, L.A. Noire in 2011 and Max Payne 3 in 2012.

UPDATE: Investors were clearly unhappy with the game's delay. During mid-day trading, Take-Two stocks were down more than 7 percent, off $.94 to $12.12.

3 Comments

Christopher Bowen
Editor in Chief

412 579 1.4
UPDATE: Investors were clearly unhappy with the game's delay. During mid-day trading, Take-Two stocks were down more than 7 percent, off $.94 to $12.12.

When people ask "why are AAA games so buggy", there you go.

Posted:A year ago

#1

Rick Lopez
Illustrator, Graphic Designer

1,269 941 0.7
Honestly I applaud rockstar for making this move. Sometimes I wonder if any investors are gamers and if they understand the importance of the quality of the game and what it takes to produce it. This will only make for a better game in the end.

These words were nice to hear:
"Grand Theft Auto V continues to push the series forward in new ways; Rockstar North are creating our deepest, most beautiful and most immersive world yet," said Rockstar founder Sam Houser. "We are very excited for people to learn more about the game in the coming months."

Investors are solely concerned with selling a brand a getting as much cash flow ASAP. I think in the end this will work well for Rockstar in terms of how many units they will sell. Then investors can stick all the cash they want in there greedy mouths.

Posted:A year ago

#2

Joshua Rose
Executive Producer / Lead Designer

191 81 0.4
This is the first time GTA V has had an OFFICIAL release date.

This comes at the very end of their FY 2013, and gives other companies (like EA or Activision) plenty of time to consider a potential buyout with enough time to rake in the profits from the release of the most anticipated game of all time.

Shorts have been doing anything and everything they can to force the TTWO stock down for the last month and a half, just look at the daily trading trends for the last couple weeks. The stock will have a HUGE sell off right at the opening of the day to drive the stock down. Then it will slowly pick back up, then another drive down. This happens multiple times a day, and looks blatantly obvious like stock manipulation to any experienced stock market analyst.

I don't know of a Rockstar game that has come out on the first expected release date. I also don't know of a Rockstar game that WAS NOT a super huge success the moment it hit shelves. Sam Houser will do what he always does, and that's delay the project and continue work until he thinks it's ready to live up to the Rockstar reputation.

Investors who are 'clearly' unhappy, might not be looking at the big picture. They will when a buyout offer comes to the tune of $30 + a share. TTWO is still the most undervalued game industry stock to date. They will be glad they held on to their shares when the stock starts trading at the multiple of P/E that it should be.

Posted:A year ago

#3

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