Grand Theft Auto IV delayed until spring 2008

Take-Two announced on Thursday that GTA4 for PS3 and Xbox 360 would be delayed until April 2008 at the earliest due to requiring additional development time. As a result, company shares (not to mention gamer hopes) dropped 13 percent on the news.

“Certain elements of development proved to be more time-intensive than expected, especially given the commitment for a simultaneous release on two very different platforms,” said Take-Two chairman Strauss Zelnick.

“We are very disappointed to reduce guidance after having previously reaffirmed it,” added chief executive Ben Feder in a statement to investors.

The game, originally scheduled for release in October, will miss out on big holiday sales, likely dealing a blow to both Microsoft and Sony in the process as Grand Theft Auto IV was expected to be one of year’s biggest selling games.

More Great Articles

Written By on August 4th, 2007 Categories: PS3, Xbox 360 Tags:

Jump right in and leave a reply, you can surely expect a response from me

*