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Take-Two Financials - XCOM Shooter Delayed

[May 22, 2012, 9:15 pm ET] - Share - Viewing Comments

Take-Two Interactive Software, Inc. Reports Results for Fourth Quarter and Fiscal Year 2012, saying the losses for the year were in line with projections. Here's word: "For the fiscal year ended March 31, 2012, net revenue was $825.8 million, as compared to $1,136.9 million for the fiscal year ended March 31, 2011, which had benefited from the release of Red Dead Redemption. GAAP loss from continuing operations was $107.7 million, or $1.30 per diluted share, as compared to GAAP income from continuing operations of $53.8 million, or $0.62 per diluted share, for the prior fiscal year. Non-GAAP net loss was $59.4 million, or $0.71 per diluted share, as compared to Non-GAAP net income of $94.3 million, or $1.02 per diluted share, for the prior fiscal year." There's also news of a delay to 2K Marin's planned XCOM first-person shooter, which was most recently delayed to their fiscal 2013. Now word is: "2K Games now expects to release XCOM, its shooter version of the franchise that is in development at 2K Marin, during fiscal year 2014," so this additional one-year setback means the game may not be released until March 31, 2014.

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23.

Re: Take-Two Financials - XCOM Shooter Delayed

May 24, 2012, 00:13

Jerykk

I disagree. It's hard to claim that RPGs like Skyrim or The Witcher 2 aren't setting new peaks; racing games like F1 2011 are more realistic than anything that has come before; strategy games like Civilization V still appear in the top-ten of most played games on Steam, etc. The games industry is as strong as it has ever been. And we even have Kickstarter for funding niche games that would have previously never been made. In terms of profits, yeah, the games industry is more successful than ever before. In terms of quality... that depends on what you're looking for. Good luck finding a high quality space sim or mech sim. While indie games like Wasteland 2, Shadowrun, Age of Decadence and Dead State have potential, we have yet to see the quality of their final releases. Games like Planescape: Torment and Fallout still stand unrivaled in the CRPG genre. The stealth genre is equally sparse these days, with pure stealth games being practically non-existent. Ditto with survival horror. Truth is, publishers took more risks in the 90's and early 2000's and we saw a much wider variety of genres as a result. However, you still see great, genre defining games like Skyrim, Diablo III, Batman: Arkham City, The Witcher 2, etc. It's a bit of a stretch to call any of those "genre-defining." Good games? Sure. But what genres are they defining? RPGs existed before Witcher 2 and Skyrim. Hack 'n slash games existed before Diablo 3. Open-world action games existed before Arkham City. None of these games have defined or redefined any genres. They're just good games within established genres.

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