VIDEO GAME NEWS
GTA IV delayed to 2008
Take-Two pushes back blockbuster to next year; annual earnings estimate plummets by over $200 million.
By YVG Staff
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The overcrowded monkey house that was the 2007 holiday release season lost one of its 800-pound gorillas today. Without warning, this afternoon Take-Two Interactive stunned the game industry by announcing it was delaying Grand Theft Auto IV to the second quarter of its 2008 fiscal year, which begins on February 1, 2008. Published by Take-Two subsidiary Rockstar Games, the crime-action title had been slated to ship for the Xbox 360 and PlayStation 3 in North America on October 16, 2007.

"Take-Two is reducing its fiscal 2007 guidance primarily to reflect the movement of the launch of Grand Theft Auto IV for the PlayStation 3 computer entertainment system and the Xbox 360 video game and entertainment system from the fourth quarter of fiscal 2007 to fiscal 2008, due to additional development time required to complete the title," the company said in a statement issued after the Wall Street markets closed.


http://videogames.yahoo.com/news-525119