Pachter on late GTA IV DLC, Rockstar as rock stars
After the shocking delay of Grand Theft Auto IV (PS3, Xbox 360) to Q1 2008, Wedbush Morgan analyst Michael Pachter doesn’t see the promised downloadable content for Xbox 360 coming sooner than Q4 next year. Publisher Take-Two inked a US$ 50 million deal with Microsoft for exclusive content, but it will probably go live a little later if Pachter’s words hold true.
“The USD 50 million deferred revenue for GTA episodic content was reclassified as ‘long term,’ implying a release date no earlier than Q4 2008,” Pachter told investors. Even such a huge lump of money doesn’t impress the analyst, as he’s not convinced that the franchise will be profitable enough.
Wedbush Morgan sees strong sales waiting, with projected numbers at eight million units sold and US$ 400 million in revenue for GTA IV. Pachter, however, believes that future versions may not be as profitable because “Rockstar team has apparently taken its studio name to heart.”
Buy: [Grand Theft Auto IV (Xbox 360)]
Buy: [Grand Theft Auto IV (PS3)]
After the shocking delay of Grand Theft Auto IV (PS3, Xbox 360) to Q1 2008, Wedbush Morgan analyst Michael Pachter doesn’t see the promised downloadable content for Xbox 360 coming sooner than Q4 next year. Publisher Take-Two inked a US$ 50 million deal with Microsoft for exclusive content, but it will probably go live a little later if Pachter’s words hold true.
“The USD 50 million deferred revenue for GTA episodic content was reclassified as ‘long term,’ implying a release date no earlier than Q4 2008,” Pachter told investors. Even such a huge lump of money doesn’t impress the analyst, as he’s not convinced that the franchise will be profitable enough.
Wedbush Morgan sees strong sales waiting, with projected numbers at eight million units sold and US$ 400 million in revenue for GTA IV. Pachter, however, believes that future versions may not be as profitable because “Rockstar team has apparently taken its studio name to heart.”
Buy: [Grand Theft Auto IV (Xbox 360)]
Buy: [Grand Theft Auto IV (PS3)]
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