Take-Two Shares Plummet 44
On news that Rockstar was being sued by the city of L.A., the aftermath of Hot Coffee, and the 'unhealthy relationship the board of directors has with its management' Take-Two Entertainment's shares dropped sharply on Friday. From the article: "Cooper said in a note that the company is burning cash at an 'alarming' rate and that he expects 'more title delays, a possible SEC investigation and key employee departures.' This comes immediately after the news that Audit Committee Chairwoman Barbara Kaczynski resigned from the board on January 19, because she felt that management had failed to keep the board informed of key issues."
Flaming Coffee (Score:1, Insightful)
Everyone going insane in making this, and over this, really needed a reality check (preferably the brutal hockey variety) in the first place.
Good riddance (Score:5, Insightful)
They just seem to have a habit of releasing things a wee bit earlier than other major publishers and then skimping on the tech support to save a few pennies. Take one of my favorite series, Civilization. 1-3 were playable out of the box, although there were some bugs (Civ III's worst bug was that air superiority missions didn't work correctly). Now look at the first one to be released after Firaxis paired up with Take 2: Civ 4 was so buggy that it was unplayable with ATI cards (ie half the market). Even for nvidia owners there were graphics glitches, random crashes to desktop, memory leaks, and all other manner of nastiness.
Take 2 has become a huge publisher by pursuing profit at the expense of consumers. Don't expect them to change what seems to be working well for their wallets. It almost seems that Firaxis as the content creators fell down to the level of Take 2, their unfortunate choice of publisher. Given how much enjoyment I've received from previous Firaxis titles, I'm willing to give them a chance to make this game what it should be -- but I really wish they'd taken the high road to begin with.
I say good riddance to Take 2; I hope the company collapses. If not, I hope the current losses prompt the ouster of top management and a new approach to game publishing and customer service.
leave them alone (Score:2, Insightful)
My View (Score:3, Insightful)
It also reminds me of the treatment of hentai [hentai.co.uk] in the western world, with papers claiming that it is promoting rape/murder/violence to the young audience that view it, which has resulted in some distrubution firms having to close due to massive losses and protests at the sale of their products.
I think at the end of the day Take Two and Rockstar need to sit down and work through their problems, because if one falls it has the potential to bring the other down with it, and with so many people waiting for the next installment in the GTA franchise, they would be missing out on a lot of money.