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 Take-Two investor call theme: Where's Grand Theft Auto 5?

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PostSubject: Take-Two investor call theme: Where's Grand Theft Auto 5?   Thu Aug 02, 2012 9:44 am

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The first half of Take-Two's question and answer session, during today's first quarter investor call, revolved around the theme of Grand Theft Auto 5 and its current status. Whether directly or indirectly, three questions in a row tried to eke out any details about the game, which appears to be part of the publisher's high revenue projections but still has an official "TBA" release date."Strauss, we've heard nothing, next to nothing, on GTA 5 development over the last couple months," said Mike Hickey of National Alliance Securities. "We've seen a couple screenshots. The game is believed by the street to be implied by your guidance for this fiscal year, but what believability do we have that this game is actually going to come out this year?"CEO Strauss Zelnick responded, "We haven't talked about a release date. So obviously we can't talk about the credibility of a release date that we haven't announced."Pushed further on whether the publisher is receiving consistent updates, the CEO deflected."We wouldn't talk publicly about the way we communicate with our teams internally," replied Zelnick. "We are blessed to be in business with the Rockstar folks and everyone knows that I feel that way. We have the best creative teams in the business across our company."
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