Take-Two Misses Street

Lee, Michael
December 2008
Red Herring;12/17/2008, p1
Trade Publication
This article reports on the net loss posted by video game company Take-Two Interactive during the fourth quarter of 2008. It recorded a net loss of $15 million on revenue of $323 million. According to Wall Street's predictions, Take-Two's net income will reach $3.8 million on revenue of $326 million. The long-term agreements signed by Take-Two with Rockstar Games' senior creative talent is attributed to the fourth-quarter loss. The release of Grand Theft Auto IV contributed to the company's increase in fourth-quarter net income.


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