Pachter 'Not Convinced GTA IV Will Be Take-Two's Panacea'

In his latest notes on Take-Two's recently announced financial results, Wedbush Morgan's Michael Pachter has expressed some skepticism over how bright the future might be for the company, with doubts about GTA IV's impact on the bottom line.

"We are not convinced that GTA IV will be the panacea that investors anticipate," said Pachter, noting that while trends following the release of prior volumes in the series have generated operating income in the range of $150 million, Take-Two currently is running at an operating loss of $85 million, expecting GTA's release to bring that back to $114 million.

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sonarus3779d ago

Gta should sell quite a few xbox 360's and ps3's. The episodic content for 360 might make it sell more for 360 but the new GTA 4 is sure to convert quite a few ps2 owners. I know a couple of ppl buying PS3's for GTA4 dnt knw anyone buying 360's for GTA4 cus IMO most 360 owners are attracted to different games.

volkov1373779d ago (Edited 3779d ago )

I believe 360 owners will be equally excited for it, if not more so. If anything, the PS3 markets more to the Japanese gaming crowd, which typically don't have the qualities of the GTA series.

BUT I think you are right in saying that it won't sell as many 360s at PS3s, because the 360 has already had so many heavily pushed blockbuster hits, both exclusive and not.

The PS2 did benefit greatly from GTA, but I think that audience was weary when it came to choosing a next-gen console when it came to game selection. Now that crowd might have something great to look at, in the addition to Drake's Fortune and UT3.

Love, a PC gamer.

GunShotEddy3779d ago

Pachter is the same guy who says Mass Effect is going multi-platform even though MS owns publishing rights to the license now. His opinion means nothing at this point.

Chris_GTR13779d ago

are you retarded? EA owns the rights to mass effect. MS just published the first game. patcher said that MASS EFFECT (trilogy of games) might come to ps3. MS only owns the first part.

GunShotEddy3779d ago

Thanks for calling me retarded my simple friend. Too bad you don't know what you're talking about.

EA owns BioWare now. Thus own the rights to all IPs that BioWare owned. this includes Mass Effect. Sadly, that's where your education stopped and stupidity began.

EA has brokered a deal with MS giving MS the rights to publish Mass Effect 2 and 3 with EA and BioWare both be listed as developers.

Now go ahead, hit google and get smart. Try not to call people retarded when you don't know what you're talking about.

vgn243779d ago (Edited 3779d ago )

He's right. MS did get the deal to publish the franchise (1 though 3). Honestly, who cares? We have plenty of games on PS3, one of which is the "actual" topic of this story.

Both of you need to refrain from name calling on here. It doesn't get either point across.

Boink3779d ago

run2gun gets bubbles for pwning...

Chris_GTR13779d ago

bs, link to the deal. it hasnt showed up on n4g before.

Boink3779d ago

"Microsoft Game Studios' Phil Spencer recently told UK-based Develop magazine that Mass Effect will continue to be an important franchise for the company. A source close to the games was more to the point, telling us that Microsoft will publish Mass Effect 2 and 3, while BioWare and EA will be listed as the sequels' developers. "

it's in the lastest issue of EGM.

wow, pwned twice in the same thread. time to pack it up and head home man...

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InMyOpinion3779d ago

I think GTA IV will sell more than any other game released on next gen consoles. It's the typical kind of first game you pick up when buying a console. I also think it will be one of the major factors that make gamers take the jump from PS2 to next gen.

sonarus3779d ago

i completely agree. Lots of ps2 owners will make the jump over this game. Personally i am not excited for GTA as i have never been excited over any GTA game. However i have enjoyed all the games in the series so will definetly pick this one up. I feel what will most likely determine which console will benefit more from GTA4 would probably be price. Which console can i play GTA4 on for the smallest amount of money. If sony is lucky enough to launch GTA4 and MGS4 within a month or 2 of each other they can institue a price cut to capitalize on the momentum of both these games. However would be suprised if msoft dosent have similar plans. For those ps2 owners that can afford it, GTA4 will sell well for both consoles i personally didnt buy my ps3 for GTA and definetly isnt a system seller by any means for me but i knw a lot of ppl that are GTA crazy.

InMyOpinion3779d ago

The most logical outcome would be that the PS3 will be the console that will profit most from it, since it's a franchise most people associate with the PS2.

vgn243779d ago

Depends on what they want. We'll most likely have shorter load times (if any), but they get the episodic content that adds more to the game.

Either version will be great. But I don't think anyone besides a fanboy can guess which version will sell more right now.

InMyOpinion3779d ago

I don't think most regular people are aware of the episodic content.

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Milkman5413779d ago (Edited 3779d ago )

It's hard to tell how well this game will sell...I would say on a Worldwide....Roughly 2 million on the PS3 and about 3.5 million on the 360...

HarryEtTubMan3779d ago

lol LIFETIME? You are woff man... games dont only sale the first week. This will be out 9 years on the PS3.... even though they will make 2 or 3 more before the PS3 is dead. Its gonna sale alot... TRUST ME...not only 2 million lifetime on the PS3!

DrPirate3779d ago

No matter what, this game will sell. Everyone agrees.

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