Posted By: Darksaviour69
Taken straight from the press release:
Launch of Grand Theft Auto IV Now Planned for Fiscal 2008
Take-Two Interactive Software today announced revised revenue and earnings guidance for fiscal 2007.
Take-Two is reducing its fiscal 2007 guidance primarily to reflect the movement of the launch of Grand Theft Auto IV for the PS3 and the Xbox 360 from the fourth quarter of fiscal 2007 to fiscal 2008, due to additional development time required to complete the title. The title is now planned for release in the Company's second quarter of fiscal 2008. Additionally, Take-Two is updating third quarter and fiscal year 2007 guidance to reflect the movement of Manhunt 2 for the PS2, PSP, and the Wii out of the third quarter and the fiscal year.
Things are not looking so good for Rockstar/Take-Two....