[H]ardNews 6th Edition - Gaming Stuffs
Got Game?
Interesting gaming news at CNNMoney, Take Two Interactive had a whopping $400 million in Q1 revenue, but what makes that really interesting is the fact that almost 70% of that revenue came from ONE game. Whoa….
The video game publisher reported a first quarter profit of $50.5 in its fiscal first quarter, compared to $34.8 million in 2002. Additionally, the company raised guidance for its full fiscal year to $970 million. Write-downs and impairment costs totaled $14.5 million, with a significant portion of that blamed on the anticipated, but long-delayed action game "Duke Nukem Forever". First announced in 1998, the game still has no targeted release date. And company officials said there's no hope of it shipping within the next three months.
Ugh, not good news for 3DRealms and Duke Nukem Forever. Take Two says that the long delayed game is responsible for most of the $14.5 million write-downs and impairment costs. *Ouch*.
