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Grand Theft Auto V Making 'Substantial Progress' Despite Take-Two Losing $110 Million

Category: Gaming
Posted: 01:16PM

Take-Two released its financial results from the last quarter and things were not that great. The company lost $110.8 million between March and June of this year due to the less than stellar sales numbers of Spec Ops: The Line and Max Payne 3. Net revenue for Take-Two was down to $226.1 million, was is a far cry from the $334.4 million over the same time last year. However, it is not all doom and gloom as Take-Two announced Grand Theft Auto V is making "substantial progress." No other information on the upcoming title was released, so we are still waiting on a release date and platforms. It would be a good idea to peg the platforms as PC, PlayStation 3, and Xbox 360, and maybe even the Wii U if a good control scheme is in place for the GamePad. Either way, there is some good news mixed with the bad for Take-Two and GTA V.

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Waco on August 1, 2012 02:48PM
Not surprising. I don't know anyone that was excited about Max Payne 3 and I'm sure they dumped a LOT of money into it.

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