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Take-Two To 'Throughly Review' The Company Following Disastrous GTAV Sales

Gamindustry, April 2014— Following last night's Take-Two earnings call for Fiscal 2013, it was revealed that the blockbuster title GTAV fell far short of expectations. "We had a conservative forecast of 18 million unit sales through the calendar year", said financial services company The Cowen Group. "However, the game only sold 16.5 million copies, an unacceptable result for any self-respecting shareholder. Because of this, we are downgrading the company stock from "hold" to "dump".

The underperformance of the much-anticipated title shook an already struggling industry, and Take-Two CEO Strauss Zelnick announced his resignation effective immediately. "I am proud of everything Take-Two achieved in the last decade. However, it comes down to accountability. While pre-orders of the game were very, very, very, very, very, very good, final results were merely very, very, very, very good", said the former CEO.

A top executive at rival Electronic Arts, who would only speak on condition of anonymity, predicted tough times ahead for Zelnick. "Personally, Zelnick is a great guy, but nobody will hire someone who can't even sell 17 million copies of GTAV. He will be forced to apply for unemployment insurance. It's a shame, really. It would break my heart, if I had one."

Several analysts weighed in on what the future holds for Take-Two. "Nintendo is doomed", said famed Wedbush Morgan analyst Michael Pachter. "Oh, you meant Take-Two"? They should focus on mobile and F2P. The writing is on the wall. If you put together the number of sales of every single Call of Duty ever, it's still a fraction of the number of Angry Birds downloads. It's obvious where the real money is. And Iwata sucks."

While the company is reportedly considering such a move, sources inside Take-Two indicate that the board is divided, with some advocating that the problem is not the business model, it's the execution, a position supported by many high-level managers. "All we need to do to make our next blockbuster the success it deserves is to triple the development budget and quadruple the marketing budget", says a high-ranking manager. "If we throw that much money on a product, what could possibly go wrong?"
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About CaimDarkone of us since 11:02 AM on 08.19.2011

I am a Brazilian student in Norway. I also happen to really, really like games! I'm a huge RPG fan, especially JRPGs and party-based WRPGs, but I also enjoy nearly every genre, from Mario Kart to Limbo to Bulletstorm.


Fatal Frame 2
Dungeons And Dragons Chronicles of Mystara
Silent Hill Downpour
Anarchy Reigns
Metal Gear Solid HD Collection
Crysis 3
X-com Bureau Declassified
Dust Elysian Tail
Tokyo Jungle
Plants vs Zombies
Dante's Inferno
Retro City Rampage
Batman Arkham Origins
Rayman Legends
Splinter Cell Blacklist
X-Com Enemy Unknown
Castlevania Lords of Shadow Trilogy
Deus EX The Fall
The Saboteur
X-Com Enemy Within
Crimson Gem Saga
Riviera The Promised Land
Knights in the Nightmare
Hexyz force
Growlanser Wayfarer of Time
Class of Heroes
Battlefield 3
Heroes VI
Metal Gear Revengeance
Sniper Elite V2
Pikmin 3
Velvet Assassin

Currently playing (as of 12/06/2014): Metal Gear Solid HD Collection, Mario Kart 8, Chronicles of Mystara

My 3DS code: 3995-6846-8256. For some reason it doesn't appear in the player profile.
PSN ID:CaimDark
Steam ID:CaimDark
3DS Code:3995 - 6846 - 8256


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