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Take-Two alters financial year-end

Moved to March 31 to improve "seasonality"

Publisher Take-Two has announced plans to file a transition financial report covering November 2009 to March 2010, in order to shift its financial year by five months.

The 2K and Rockstar owner plans to have its fiscal term run from March to March from hereon in - meaning figures from Summer releases such as Red Dead Redemption and Mafia II will now be grouped with any titles due for release before next April.

Shipping dates for much of the publisher's 2011 slate - including Max Payne 3, L.A. Noir and Agent - remain unconfirmed for the time being.

The move from the original year-end of October 31 is "intended to align its fiscal periods more closely with the seasonality of its business and improve comparability with industry peers," said the company in a statement.

Financials for the orphaned five months leading up to March 2010 will be issued in December, as will guidance for November 2010 to March 2011.

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Alec Meer: A 10-year veteran of scribbling about video games, Alec primarily writes for Rock, Paper, Shotgun, but given any opportunity he will escape his keyboard and mouse ghetto to write about any and all formats.
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