Take-Two, GameStop shares fall on GTAV delay
By
Eddie Makuch, News Editor
Shares tumble after Rockstar pushes upcoming action game into September; "nothing new" to share about Wii U and PC versions.
Investors are not thrilled with today's Grand Theft Auto V delay. Shares of Rockstar Games parent company Take-Two Interactive and specialty retailer GameStop tumbled today upon news that GTAV would miss its spring release date, instead landing months later on September 17.
At press time, Take-Two shares are down 6.05 percent to $12.27, while GameStop fell 4.15 percent to $22.69. A Take-Two representative declined to comment, while GameStop was not immediately available.
Separately, a Rockstar Games representative told GameSpot today that there is "nothing new" to share regarding potential PC and Wii U versions of GTAV. Rockstar Games cofounder Dan Houser last year said these versions were "up for consideration," though today's announcement left them out.
For more on GTAV, check out GameSpot's previous coverage.
By
Eddie Makuch, News Editor
Eddie Makuch (Mack-ooh) is a News Editor at GameSpot. He works out of the company's Boston office in Somerville, Mass., and loves extra chunky peanut butter.
133 comments
lol xD what the hell are their problems? delays are sometimes good! don't push R* too hard! take it easy and everything would be worth it. look at bioware.. they were pushed by EA now look at their game.. it was all going well until the last 20 or 10 minutes f^cked up
Delays are pretty good for gamers, and while they are not bad for investors, they'd drive the stocks? down.
Stocks reflect an expectation of future. When a game can't release on time, the expected benefit at completion is the same, but the cost increases as dev time increases. Just like a construction project that suddenly requires additional mat/labour.
The stocks can fall even harder if they choose to rush, but a delay will still cause a drop due to decreased expectation of net benefit.
I'm thinking the announcement of the PS4 might have something to do with the delay. If GTA V ends up being a launch title, it will be a gold mine for R* and Sony.
how strange GTA V delay effects Gamestop shares. I ask a question if iphone delayed for some reasons will it effect verizon shares value???
1 Like @itchyflop There are so many current gen systems in consumers homes, it wouldn't make sense financially for Rockstar to release on next gen at present. ;)
@itchyflop I would assume their next GTA is next gen, they wouldn't release this game if next gen isn't already out. This would be their second release of this gen, I doubt they would skip it since they've been working on it for years.
Ouch. I was working through GTA4 to get ready for 5 in March. Dag Nabit. At least it will "be released" on my bday now.
A few months is nothing. But if next gen consoles are coming out next X-mas i could see some conflict but not much.
So old rich geezers ragequit the stock market because they have to wait a little longer to make a shitload of money?? First world problems lol.
That's too bad, but Rockstar doesn't exactly have a track record for releasing crappy and rushed games. I'm sure GTAV will benefit from the delay. Now just give it to me on my Wii U please!
So many complaints to Rockstar for the delay. Cry some more?
When a company realizes they won't hit a particular initial projection window to ensure we receive a quality product, complain.. When a company sends out a product that feels incomplete, complain. If they cancel the project altogether, complain.
Pro-tip: TRY to be optimistic.
2 Like Just wait. They will have the game all set for this, now IF rumours are to be believed, PS4 is coming at the end of the year and they will upgrade the graphics for that. Make it a release game (GTA a release game for next gen, WTF! that WILL sell). Its not that hard to take the code for say, PS3 version and make it look better for, say, PS4. Its like doing it for a PS vita game and a PS3 one. Wait and see......
@psycadelix I think that there are signs that the PS4 will release in late August or early September if this is a launch game with the PS4 this will be massive for the PS4 there is no question about that. I think that Vita and Wii U may be getting some love too. This delay is 7 months from now so I think that there is something serious cooking at Take 2 if they need that much time.
@painpas @psycadelix I think we will see them port it with upgraded graphics to PS4 and Durango, maybe also Wii U and PC, because this delay seems forced.
But if PS4 can come out early around the time this launches that would be EPIC for Sony and rightfully deserved given that Rockstar and Sony share their past success to each other.
I guess someone must have found out that I'm actually really interested in buying this game so they delayed it five months past when I thought it was gonna be released. It seems like even the small things like this are going bad. Sorry guys.
Its going to be a cross gen title. One for todays consoles and one for the ones coming out at around same time as this new release date.....watch and see.
@psycadelix Doubtful, considering how much work Rockstar has already put into GTAV. A next-gen version would probably require years of extra work, unless it's a rushed port.
@Tsuchikage @psycadelix
If Next gen is coming out this year, Sony, MS will already have given all the info and specs to developers for next gen a long time ago
@Tsuchikage @psycadelix What they will do is just upgrade the resolution, maybe some textures, draw distance, and a few things like more players online. A rushed port but probably done right since it's R*.
@psycadelix Yes, but it still takes a lot of time to learn the ins and outs of new hardware. Think about how much better Halo 4 and Uncharted 3 look than launch software for the Xbox 360 and PS3, respectively.
Red Dead Redemption on PC, do it. I wouldn't play it, 'cause I don't have a PC to play it, I would if I did. I just think that, that sounds like a great idea. Furthermore, while I have no doubt that GTA 5 will be a great game, and I do absolutely love the past ones for the most part, I almost have zero excitement over this game. It does look great, but I'm more interested in other games right now.
Yes that makes sense now. They will likely delay it again until November, and make it a launch title for next Gen consoles (or make it a release on current and next gen simultaneously). Why make it for a console that is going to be out classed just two months later?
@VolcanoMan001 Just because the Xbox/PS4 are old technology, doesn't mean Grant Theft Auto V won't be an incredible game. See also: The Last of Us, BioShock Infinite.
I didn't say that it wouldn't be a great game on X360 or PS3 -- but tell that to the suits that decide when a game will be published.
@Tsuchikage @VolcanoMan001 All wholly owned subsidiaries listen to suits, yes, they have to. They are owned by the suits. The reason R* games are high quality is that the TTWO suits are willing to listen to their subsidiary to a degree, because they know how important R* games are to uphold a reputation for quality, and so it isn't a completely one way street like other... more evil and unmentioned publishers.
It is probably more like this: R* wants more time to polish the game, and TTWO wants more time to possibly catch the next gen launch window. Both parties win, more or less. But who knows and who cares, we just have to see how it plays out.
@VolcanoMan001 @Tsuchikage Does Rockstar listen to those "suits," though? It really doesn't seem like they do--and their games turn out much better for it!
1 Like Being so late in the cycle and coming out AFTER the new consoles will be shown at E3, this game will probably get a next generation console port 6 to 8 months later to coincide with the release of the PC port.
They delayed way too long in my opinion next ten consoles will be coming out soon. We still have to wait almost 2 and half seasons
They will not admit to having it on PC until after they sell it on consoles. They are hoping you will buy it twice (considering most PC gamers have a console as well). Face it. If done right on the PC, it will be like a whole different game (GTA IV with modds/high res texture packs/ENB is on a whole different level) . Not to mention the mods that would add content.
1 Like LAME! I'll still buy it in September but they deserved to get hit in the stocks for this projecting fail.
I LITERALLY JUST SWITCHED A DOWN PAYMENT TO THIS GAME ON THE NOTION THAT IT WAS COMING OUT SOONER. I'm rather disappointed.
1 Like Has Rockstar shorted those stocks before making the announcement, I wonder... :-P
This sucks, I was really thinking May at the latest and now we have to wait till September. I guess Rockstar thinks we haven't waited long enough.
1 Like What an epic fail. Sorry, I love the GTA series and Rockstar's games, but September? Come on. The next Xbox and PS4 will be coming out two months later.
i wonder if they delayed it cause of school shooting like they did to gta3 even took the wings of the planes man sep so far away well i had two games i wanted this year, gta5 will have to wait unless they want to delay it again in sep and the other game i want now is state of decay at least s.o.d will come out in spring zombies and gta should keep me busy
1 Like It's a shame all this work is going into such outdated hardware, but I hope it all pays off and the game is great.
September ? What the hell :( I had everything already planned :( .
The lack of games could even make me want to get laid this half of the year :( . Damn you Rockstar!! .... No, I'm sorry, I love you <3
2 Like No news about pc version and then mega delay, this game is going of my interest list for now.
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Related Game
Grand Theft Auto V
- Publisher(s): Rockstar Games
- Developer(s): Rockstar North
- Genre: Action
- Release:
- Classification Board: MA
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