He concludes, "If you're keeping score, in a two year period, Mr Zelnick managed to, on three occasions, make vital statements that were within a matter of weeks proven to be either fabricated or just incredibly incompetent (or worse)." Ouch, diary. This dude makes it sound like I'm as bold-faced a liar as Nintendo. It's not fair. I'll turn the company around once the economy picks up. I promise.
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2K Games, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), announced today that it will be the North American and international publisher for Cryptic Studios' highly anticipated massively multiplayer online (MMO) action game, Champions Online, being developed for the Xbox 360 video game and entertainment system from Microsoft* and Games for Windows. Champions Online is scheduled for release in spring of 2009.
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The latest rumour surrounding Take-Two is that Sumner Redstone's Viacom is interested in acquiring the Grand Theft Auto publisher. In a Notable Calls report, three reasons are given for the rumour having at least a semblance of credibility.
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Take-Two Interactive Software, parent company of 2K Games and Rockstar Games, today announced that it has acquired Czech Republic based developer Illusion Softworks. The studio will join the 2K Games publishing label as 2K Czech.
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Ahead of Take-Two's June 11th Q2 earnings call, Wedbush Morgan's Michael Pachter says the publisher will announce announce studio closures, lease terminations, game cancellations, and push back Grand Theft Auto IV's release date as new management struggles to turn the company around.
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Revenue up to $1.5bn, Rockstar execs signed up, Midnight Club: LA off to a slow start but expected to have long legs. Rockstar working on an unannounced AAA title for fiscal 2009. Guidance for 2009 reduced due to uncertain outlook with some unit predictions reduced by 20%. 36 titles in development currently.
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TTWO today announced two new titles as a part of its brand extension strategy for its highly popular Carnival Games series. The new titles include Carnival Games for DS, which is scheduled to ship this summer, and Carnival Games: Mini-Golf, an all-new game exclusive to the Wii, which will debut this fall.
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And the best news of all was that the core staff of the studio that's primarily responsible for T2 profits--Rockstar Games' Dan Houser, Sam Houser, Leslie Benzies and unnamed others--has signed new contracts with Take-Two through the year 2012. More interesting, however, than the fact that the new deal would be "primarily based on a profit sharing agreement was what happens to the new IP they create. For further analysis, we turned to Wedbush Morgan analyst, Michael Pachter
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2K Games has officially announced that its 2K Marin studio is developing a PlayStation 3 version of the critical hit BioShock, promising "new features and content" not seen in the Xbox 360 and PC original, due for an October 2008 release.
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Yesterday, Electronic Arts put down the NERF bats and picked up sledge hammers -- in circumventing Take-Two's executives, EA initiated a hostile takeover by presenting a $2 billion offer to the company's shareholders themselves, offering $26 per share. Today Gamasutra reports that Take-Two is urging its shareholders not to sell, at least long enough for executives to review the fairness of the offer in full.
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