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Take-Two Reports Falling Share Value, Blames Poor MLB Sales
Take-Two Interactive, parent company of 2K Games and Rockstar Games, released a report that points to underperforming baseball titles as the reason for a $.09 per share drop.
Another option for the publisher would have been to release a good baseball game or two instead of a slew of crap. The Bigs 2, MLB Front Office Manager, MLB 2K9 Fantasy All-Stars, and MLB 2K9 all sucked. I'll admit to being less than shocked to learn that they were not commercially successful, though the company's expected $30-35 million loss on its MLB business is bad news even so. BioShock 2 slipping to 2010 isn't helping Take-Two's 2009 numbers, either.
On a brighter note, the report points to the better-than-expected performance of Borderlands and NBA 2K10, as well as a strong slate of titles for next year. BioShock 2, Mafia II, Max Payne 3, and Red Dead Redemption all look like decent bets for critical and commercial success.
[via Joystiq]
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