Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
December 16, 2019
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Take-Two Announces Profit, Xbox  San Andreas , Indie Studios Acquisition

Take-Two Announces Profit, Xbox San Andreas, Indie Studios Acquisition

December 16, 2004 | By Simon Carless

December 16, 2004 | By Simon Carless
    Post A Comment
More: Console/PC

Grand Theft Auto publisher Take-Two has announced its fourth quarter and fiscal 2004 financial results, revealing a profit of $62.6 million for the quarter, and full year profits of $65.4 million, largely impelled by sales of Grand Theft Auto: San Andreas, published via Take-Two label Rockstar Games, which was the top selling PlayStation 2 title in the United States in October and November. Take-Two also took the opportunity to announce Grand Theft Auto: San Andreas for Xbox in the third quarter of fiscal 2005, along with a simultaneous release of the PC version of the title.

However, the company accrued a $7.5 million expense in the fourth quarter associated with Take-Two's previously disclosed SEC investigation accounting at the company during 2000 and 2001, in which Take-Two "would neither admit nor deny the allegations of the complaint", but nonetheless paid the government a significant sum to settle the complaint, which centered around financial statements, periodic reporting and internal accounting controls.

The company also shipped the relatively successful ESPN NHL 2K5 and ESPN NBA 2K5 during the quarter, under a co-publishing and distribution agreement with Sega, but also highlighted forthcoming products, including Midnight Club 3: DUB Edition, which will now ship in the second fiscal quarter, and The Warriors, which has now slipped yet again to the third quarter of 2005.

The company also noted the issues it's now facing with a now-impossible ESPN NFL 2K6 product, commenting: "While recent industry developments preclude the release of an officially licensed professional football title, the Company and Sega are evaluating opportunities to publish a title based on the critically acclaimed 2K football game."

Other mysteriously described forthcoming products include a "new console title based on a proven brand from Rockstar's internal studios [and] titles based on two of Rockstar's premier brands for Sony's highly anticipated PSP platform."

In other, surprise news, Take-Two announced that it has acquired Indie Built, a Salt Lake City, Utah-based development studio focused on next generation console products. The studio formerly known as Access Software, and more recently part of Microsoft Game Studios, has most recently worked on Xbox games including Links 2004, Amped II, and Top Spin.

Related Jobs

Square Enix Co., Ltd.
Square Enix Co., Ltd. — Tokyo, Japan

Experienced Game Developer
Counterplay Games Inc.
Counterplay Games Inc. — Emeryville, California, United States

Next-Gen Platform Engineer
Counterplay Games Inc.
Counterplay Games Inc. — Emeryville, California, United States

Senior Gameplay Programmer
Sanzaru Games Inc.
Sanzaru Games Inc. — Dublin , California, United States

Systems Designers

Loading Comments

loader image