Pachter: Studio Closures, Cancellations, GTA Delay Loom At Take-Two

**MIG-31** · Jun 1, 2007, 05:55 PM

Source: Gamesutra
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Ahead of Take-Two's June 11th Q2 earnings call, Wedbush Morgan's Michael Pachter says the publisher will announce announce studio closures, lease terminations, game cancellations, and push back Grand Theft Auto IV's release date as new management struggles to turn the company around.

Pachter says Wedbush is maintaining Q2 sales estimates of $181 million, lower than consensus estimates of $202, with NPD sales data implying that the publisher's sales are down 23 percent from the year prior.

Jun 1, 2007, 05:55 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,818 Rep Power: 471 System Specs	Pachter: Studio Closures, Cancellations, GTA Delay Loom At Take-Two Source: Gamesutra _______________ Ahead of Take-Two's June 11th Q2 earnings call, Wedbush Morgan's Michael Pachter says the publisher will announce announce studio closures, lease terminations, game cancellations, and push back Grand Theft Auto IV's release date as new management struggles to turn the company around. Pachter says Wedbush is maintaining Q2 sales estimates of $181 million, lower than consensus estimates of $202, with NPD sales data implying that the publisher's sales are down 23 percent from the year prior. __________________ Please Post Your News Submissions Here