Seven and a half months after Grand Theft Auto IV began its record-breaking retail run, its publisher has reported its annual earnings. For the fiscal year ending October 31, Take-Two Interactive sales were a massive $1.538 billion, way up from the prior year’s $981.8 million. Net income–aka profit–was $97 million, a large step above the $138.4 million net loss the New York-based publisher reported the year prior. Despite the healthy annual finances, Take-Two’s fiscal fourth-quarter revenues were anemic. Though there was a year-over-year jump in sales from $292.6 million to $323.4 million during the August-October period, the company’s loss more than doubled to $15.0 million.
As part of the re-up agreement, Take-Two also “agreed to fund the future development of certain new intellectual property to be owned by a newly formed company controlled by key Rockstar Games team members.” Given its role as financier, Take-Two will publish the unnamed game, which may or may not be the mystery PlayStation 3-exclusive project announced in July 2007. Rockstar recently announced the February 17 release date for Grand Theft Auto IV: The Lost and Damned, the first of two episodes only available for download on the Xbox 360. The first GTA game for the DS, Grand Theft Auto: Chinatown Wars, ships on March 17–St. Patrick’s Day–in North America.
Source: Gamespot
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