Blog Post

Take-Two Cuts FY’09 Guidance On BioShock 2 Delay

*Take-Two Interactive* is pushing back the release of its hotly-anticipated BioShock 2 — and has been forced to lower guidance for its fiscal year 2009 by as much as $190 million as a result. (Not good for a company trying to come back from sequential quarterly losses).

The game, a sequel to the 2007 best-seller BioShock, was slated for release later this year; CEO Ben Feder said the publisher wanted to spend more time on development. The new release date will be in the first half of calendar 2010 — meaning it will miss the holiday game sales rush. The news sent Take-Two’s shares down by as much as 13 percent ($7.76) in after-hours trading, though some analysts, like EEDAR’s Jesse Divinich, are viewing it as a positive move in the long run:

“Take-Two (NSDQ: TTWO) has made a very intrepid move by putting gamers before investors, an act most publishers wouldn