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Take-Two stock takes a nosedive after BioShock 2 delay  photo

Yesterday's news that Take-Two would be delaying the release of BioShock 2 to the 2010 fiscal year was a bit of a disappointment -- the game was definitely one of the most anticipated of the holiday season. Of course, it wasn't alone -- Mafia II, Max Payne 3 and Red Dead Redemption were all pushed back as well. Take-Two's Stauss Zelnick commented on the delay soon after it was announced, citing the need for additional development time as one of the key factors. Of course, there's always that whole competition thing too.

It seems no matter what the reason, shareholders aren't feeling safe about this little delay. Case in point: per Game Industry.biz, Take-Two's stock plummeted 13.1 per cent after the announcement was made, dropping from USD 8.98 at yesterday's close to USD 7.80. Numbers, numbers. All it really means is that investors aren't feeling so comfortable with the news.

Remember, 2010 fiscal year begins in October, so this doesn't rule out a holiday release ... but it looks unsure right now. Will you be suicidally disappointed if you have to wait until next year for BioShock 2?


Continue: More Take-Two stories





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19 comments | showing # 1 to 19

Phantom Spaceman's Avatar - Comment posted on 07/14/2009 11:42
Phantom Spaceman
I think we can now conclusively say that the recession is entirely the result of this delay.
the Golden Avatar's Avatar - Comment posted on 07/14/2009 11:43
the Golden Avatar
My stop-loss triggered this morning. I've now loaded up again.
KaliKot's Avatar - Comment posted on 07/14/2009 11:44
KaliKot
I believe its the result of have 4 games delayed

and I wanted to see what the new Max Payne was all about...sigh
SuitcoatAvenger's Avatar - Comment posted on 07/14/2009 11:47
SuitcoatAvenger
It's interesting that the stocks took such a dive. I had been under the impression that the reaction to a sequel was received by a rather lukewarm crowd (of which I consider myself part of). That either means that are more people are psyched for Bioshock 2 than we were all led to believe... or that Take Two has jack-all on their plate for the rest of the year.
Davram's Avatar - Comment posted on 07/14/2009 11:56
Davram
This would be a pretty awful trend for gaming, unless its always been this way and I've just never paid any attention. I'd hate games to get pushed out the door early because stockholders are pansies.
Chronic Logic's Avatar - Comment posted on 07/14/2009 11:57
Chronic Logic
Remember how stock prices were over 20 dollars when EA was about to bid for Take-Two? Funny how that works...
Rockvillian's Avatar - Comment posted on 07/14/2009 12:03
Rockvillian
It's being delayed. Whoever owns this stock should just stick it out, like smart people.
Black Nexus's Avatar - Comment posted on 07/14/2009 12:03
Black Nexus
Ow, hopefully the games will be awsome enough to recoup the losses.
wanderingpixel's Avatar - Comment posted on 07/14/2009 12:04
wanderingpixel
Shock and awe.
lordhellion's Avatar - Comment posted on 07/14/2009 12:06
lordhellion
They wqerew retardsed for slating 2009 to begin with
Steel Brotha's Avatar - Comment posted on 07/14/2009 12:09
Steel Brotha
well having 4 AAA titles released within such a short time frame was a stupid idea anyways. now take-two has NO games to sell during the holiday season.
the Golden Avatar's Avatar - Comment posted on 07/14/2009 12:12
the Golden Avatar
@Chronic Logic

Funny how much money that made me.
Joseph Leray's Avatar - Comment posted on 07/14/2009 12:16
Joseph Leray
I don't think shareholders/investors should be *too* worried -- it just means that Take 2 is going to dominate Q1 of next year. Although, I do have to worry about what they'll have lined up for the rest of the year.

Also, it's fascinating that most of the European countries on that chart want BioShock more than Call of Duty.
CodeFire's Avatar - Comment posted on 07/14/2009 12:21
CodeFire
This happened because they delayed all their big releases to sometime next year.
covah's Avatar - Comment posted on 07/14/2009 12:26
covah
This should be under "captain obvious" they didn't just delay BioShock 2, they delayed their entire fourth quarter of games, of course the stock holders are gonna call a big "Wtf?!" God Take Two are idiots.
Holyetheline's Avatar - Comment posted on 07/14/2009 13:07
Holyetheline
If Bioshock 2 delivers then I don't care when it's released... BUT IT BETTER DELIVER!
rsquad's Avatar - Comment posted on 07/14/2009 13:09
rsquad
that picture, and caption, are priceless.
John Johnson's Avatar - Comment posted on 07/14/2009 14:00
John Johnson
If you think their lineup is going to sell, seems like a good time to buy some shares
Im OK's Avatar - Comment posted on 07/14/2009 17:14
Im OK
I think this is a big reason that game companies, in general, and particularly bigger publishers often make many of the boneheaded decisions that they make. They are either afraid of doing something that will piss off shareholders or they do something that pisses off shareholders and try to backpedal.

Keep in mind here that likely many of these shareholders are a part of the non-gaming general public. In other words, they are entirely clueless about video games (aside from the fact that they're making shit-tons of money now and are, therefore, apparently good things to buy stock in) and have no idea what goes into the creation of them. As such, they get scared/pissed off about things that the developers consider good things (or, at least, necessary things) and that we, as gamers, also realize are probably good things in the long run (i.e. a delay == more polish time, which in most cases is a very good thing, given the number of broken, unfinished games that get released, often because, funny enough, the ones releasing shit early are doing so because of shareholder pressure). Shareholders just see "OMG A DELAY?!! SINKING SHIP!!! I'M GOING TO LOSE MONEY!!! SELL!!! SELL!!! SEEEELLLLLL!!!!" And then, chain reaction, other shareholders follow suit.

Fuck the stock market.
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