Take-Two's Reports Losses, Slashed Revenues, Delays Titles

The industry is suffering from tough year-over-year comparisons to Grand Theft Auto IV's record-breaking release month, and apparently none is hit so hard as publisher Take-Two itself. As it reports heavy losses for the quarter, the publisher is shifting Mafia II and Red Dead Redemption into the first half of fiscal 2010, citing the need for more development time and the benefit of a better ...