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GTAIV sales top 10M, Chinatown Wars by Feb '09

By Tor Thorsen, GameSpotPosted Sep 4, 2008 2:26 pm PT

Blockbuster helps Take-Two rake in $51.8 million in net income on $433.8 million in quarterly revenue; no 360 GTA DLC before November.

From the moment it was announced for both the Xbox 360 and PlayStation 3, it was clear that Grand Theft Auto IV would be big. Today, publisher Take-Two Interactive revealed just how big. Reporting earnings for its third fiscal quarter, the company revealed the blockbuster sold 10 million copies at retailers worldwide as of August 16. That's a 1.5 million-unit jump from the 8.5 million-unit milestone GTA hit May 31.

For the three months ending July 31, Take-Two reported $433.8 million in revenue, more than double the $206.4 million it took in during the same quarter in 2007. Crediting GTA IV, Top Spin 3, and Civilization Revolution sales for the cash influx, the publisher said it earned $51.8 million in net income, up $110 million from the $58.5 million it lost during the same quarter last year.

The uptick came in spite of a $5.4 million charge "in professional fees and legal expenses, primarily related to Electronic Arts' unsolicited tender offer." EA let its offer lapse on August 18, and is currently talking with Take-Two in order to "validate the assumptions used in the model to support our offer," according to CEO John Riccitiello.

Take-Two made several other announcements of import to Grand Theft Auto fans. First off was the revelation that the episodic content for the Xbox 360 edition of GTAIV would not arrive in the company's current fiscal year, which ends on October 31. Despite a bevy of contradictory delay rumors, Microsoft told GameSpot at the end of August that the update, which is 360-exclusive, remains scheduled for "fall 2008."

Secondly, during a conference call with analysts, CEO Ben Feder said both "the Japanese version of Grand Theft Auto Grand Theft Auto IV...and a new GTA title, Grand Theft Auto: Chinatown Wars, will be released in Q1 fiscal 2009." The publisher's oddly skewed fiscal year means Chinatown Wars, the first GTA game for the DS, could be released any time from November 1, 2008 to January 31, 2009. When asked by an analyst if the game would be out before Christmas, Feder replied, "I didn't say that," but declined to elaborate further.

Take-Two also revealed its release schedule for the rest of its fiscal 2008 year. The lineup includes the delayed Midnight Club: Los Angeles, Midnight Club: LA Remix, NBA 2K9, Sid Meier's Civilization IV: Colonization, and BioShock for the PS3. The company's fiscal 2009 lineup features the aforementioned Chinatown Wars and 360 DLC, Grand Theft Auto IV for the PC, NHL 2K10, NBA 2K10, Champions Online, MLB Superstars, Mafia II, and BioShock 2.

178 Comments

  • Marcster1994

    Posted Nov 13, 2008 2:19 pm PT

    That's kinda weird for the fact that the Free roam might not be that good. unless the DSi can fix that

  • zeeshan810

    Posted Nov 10, 2008 4:52 pm PT

    GTA WILL TAKING OVER THE WORLD SOON***

  • CCyberDDemon

    Posted Sep 29, 2008 2:15 pm PT

    haha me too onean

  • Avals

    Posted Sep 23, 2008 2:03 am PT

    GTAIV is a legend..

  • oneandonlyjc

    Posted Sep 16, 2008 6:16 pm PT

    I hate killing pedestrians in GTA they seem so real in this game and I feel bad when I do it!

  • diangelogrey

    Posted Sep 15, 2008 10:46 pm PT

    They have some very nice titles coming out.. Im looking forward to a lot of these games.

  • jaik

    Posted Sep 15, 2008 3:40 pm PT

    im so glad that EA won't take over T2. Just imagine what would they do to NBA 2K series !!??

  • GreenXMega

    Posted Sep 13, 2008 10:27 am PT

    I had spent the last sixty bucks on this game! Yesssssssssssssss!
    (Translation: I was the last one in the three months ending July 31 to buy this game).

  • KING_KEV_321

    Posted Sep 13, 2008 9:39 am PT

    this the best rockstar game im still playin it now an i got wen it first came out online games are crazy gud nex on ma list is midnight club los angeles

  • star77241

    Posted Sep 12, 2008 11:53 am PT

    I wish they'd bring Chinatown Wars to the Wii as well. If they don't, I hope that they're working on some GTA for the Wii.

  • necronaux

    Posted Sep 12, 2008 10:27 am PT

    I was hoping to see the DS version by x-mas.

  • surppo

    Posted Sep 11, 2008 11:26 pm PT

    on the ds, its probably gonna be a port of the old gta games. it was top down like zelda except with thugs instead of elves

  • GuyverV

    Posted Sep 11, 2008 2:13 pm PT

    they've got a big line up coming...

  • SpartonGhost

    Posted Sep 10, 2008 7:06 pm PT

    LoL Mjc I agree. GTA on the DS sounds just "interesting" I mean maybe it's not your cup of tea but I'd personally like to see what they're doing with it.Even if it is a letdown, there's still Midnight Club on the way

  • mjc0961

    Posted Sep 10, 2008 8:19 am PT

    Oh boy, GTA on my DS! Now I can draw a bullet on the bad guy I want to shoot! Yippee! >_>

  • Temps567

    Posted Sep 9, 2008 8:31 pm PT

    I think this will be a let-down to. I hope it isn't going to be like the one on the gba. Now the one on the psp is really good. I hope the one for ds is going to be like dat one.

  • Temps567

    Posted Sep 9, 2008 8:31 pm PT

    I think this will be a let-down to. I hope it isn't going to be like the one on the gba. Now the one on the psp is really good. I hope the one for ds is going to be like dat one.

  • TXMostWanted

    Posted Sep 8, 2008 10:28 pm PT

    GTA on DS? Sounds ambitious, but at least I can look foward to something on the portable that isn't made by Nintendo lol

  • Hvac0120

    Posted Sep 8, 2008 8:48 am PT

    With no information to go on about China Wars, we can only expect it to be a let-down. It seems like a last minute deal that Nintendo made to get something GTA onto their system.

    I'd hate to see a GTA go bad, but the DS just doesn't seem like the right place and this short development time spells disaster. Hopefully Rockstar is the developer and they have had this planned out for a while. Otherwise they shouldn't have wasted their time.

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