Oblivion Delayed

VictoryOverWar · 31-10-2005, 09:25 PM

sorry if its been posted

October 31, 2005

Take Two Reduces 2005, 2006 Fiscal Guidance
As a result of submission and approval delays, as well as poor legacy and ongoing sales, publisher Take-Two Software, parent of labels Rockstar and 2K Games has announced a drop in its financial guidance for both fiscal years 2005 and 2006. The announcement came after issues in the submissions process for Grand Theft Auto: Liberty City Stories' European version caused the game's release to slip from the fourth quarter of fiscal 2005 (ending October 31, 2005) to the first quarter of fiscal 2006 (November 2005 to the end of January 2006).

Other factors in the lowered 2005 guidance include reduced orders for both Take-Two's back catalogue as well as its new releases, which affected both its publishing and distribution arms. Take-Two is forecasting a weaker than expected holiday season as well, due to the launch of new hardware, and has lowered its estimate in that regard as well.

The company is now advising investors to expect around $1.18 billion in net sales for the 2005 fiscal year and $0.53 to $0.56 in diluted net income per share. The lowered estimate comes on the heels of the company's third-quarter results, in which Take-Two had already lowered its estimates for the year; the new guidance is 18% lower than the $1.4 billion previously expected.

For the 2006 fiscal year, Take-Two is currently predicting $1.35 billion to $1.45 billion in net sales and $1.15 to $1.45 in diluted net income per share. The company also reduced the first-quarter 2006 earnings, due to delays in the company's software: Xbox 360 game The Elders Scrolls IV: Oblivion will not be out until the second fiscal quarter of 2006 (February 2006 to the end of April 2006), and the Japanese release of Grand Theft Auto: San Andreas seems to have been moved out of fiscal 2006 altogether, possibly due to recent Japanese controversy over earlier versions of GTA, though no reason was given for the delay.

"It is disappointing to reduce our financial guidance," said Take-Two CEO Paul Eibeler. "However, we remain optimistic about Take-Two's overall prospects and the favorable dynamics of our industry. For Fiscal 2006, we are well positioned for the opportunities to extend our brands across the large installed base of current generation platforms, as well as next generation hardware including the two previously announced Rockstar Games titles for the PSP, one of which is a new Grand Theft Auto title." Following the announcement, Take-Two's stock plummeted in after-hours trading, with shares down 10% to $18.63 after the disappointing news.

ace2cloud · 31-10-2005, 09:29 PM

That sucks.

Well, hopefully Kameo can fill the gaping RPG hole in the 360's launch...

P Mack · 31-10-2005, 09:36 PM

Kameo and eNCHANT-aRM (eM) should be the RPGs to take the place. Frame City should do well too. The longer it takes the better the game.

slipknot666 · 31-10-2005, 09:38 PM

what is [em] about i can't find anything on it?

G4everX · 31-10-2005, 10:51 PM

WHHYYYY!

I'm sorry, I had to rant a little. This is the second game to be pushed into next year, that I wanted.

GH05T · 01-11-2005, 04:00 AM

The Elder Scrolls: Oblivion has been yet again delayed till spring 2006. This sux so much cause that was going to be my #1 launch title. Heres the link for information
http://xbox360.ign.com/articles/663/663056p1.html

deathbringr · 01-11-2005, 06:38 AM

Quote:

Originally Posted by GH05T

The Elder Scrolls: Oblivion has been yet again delayed till spring 2006. This sux so much cause that was going to be my #1 launch title. Heres the link for information
http://xbox360.ign.com/articles/663/663056p1.html

all i have to say about this is: nooooooooooooooooooooooooooooooooo y did this have to happen. this sux soo bad. i was really looking forward to that game.

GH05T · 01-11-2005, 06:44 AM

this is really, really bad. There are only two games that i will get with the 360 during launch, Condemned and PD0, but if condemned gets delayed I'm not even buying the damn console. This is bs because they started out with alot of launch titles and now they're down to almost nothing. And whats sad is that the delayed it without a reason.

VictoryOverWar · 01-11-2005, 06:52 AM

without reason..........they have now said that it was delayed to polish the game.......it still will be out around february hopefully. There are still some good games coming out so im still excited...but the wind has deffinately been knoked out of its sail

L.M · 01-11-2005, 06:55 AM

it was obvious this was never gona make release

not my type of game neither

GH05T · 01-11-2005, 07:05 AM

for the game being delayed that long it better be really, really good. I've been waiting forever. The only other good titles for launch are PD0 and Condemned, COD2 is just another WW2 remake which is annoying, Kameo is kiddy game, and PGR doesnt look too good. Right now i dont think i will get 360 till spring because thats when Mobile Suit Gundam, Full Auto, and Oblivion are released!

Big_P · 01-11-2005, 07:15 AM

The oblivian game looked so awesome i wish it came out when the xbox did. but there must od been to many glitches well that just means the game will be better when it comes out.

Big P

theelderscroll · 01-11-2005, 07:28 AM

It better be free of bugs and glitches or im gonna be mad. All i want is for them to make a quality game. If they needed this much time in the begining, they should have said instead of getting our hopes up for a launch title and then delayed a couple weeks after. Sux.

GH05T · 01-11-2005, 08:14 AM

The gap between the promised released date and the delayed date is big, 3 months. They better make the game so good that i fall into a trance and never stop playing as soon as i pick up the controller.

cablekiller · 01-11-2005, 08:42 AM

Better they take their time on it rather than rush it out with bugs. It will be alright guys... It will be worth the wait.

purp · 01-11-2005, 08:53 AM

its not being delayed because its not done, (my guess) they just want the revenue to show up in that quarter.

Phouka · 01-11-2005, 10:40 AM

figures the number one and two games on my list were both delayed they better not push back anymore games

Big_P · 01-11-2005, 10:51 AM

this game better be glitch proof i mean if the graphics look that good it would suck if it like froze up in the middle of a battle or before you save it. like in the elder scrolls 3 there were a lot of glitches there. this was like the only reason i wanted the xbox 360 untill i saw the other games that came out. thats why i bought my xbox cuz of morrowind game of the year edition.

KamiKaziKlown · 03-03-2006, 09:49 AM

it was no doubt it was delayed for no reason the reason was probably this put it back awhile raise the price a little bit and bam increase revenue and demand at the same time