Grand Theft Auto VI Set for 'Fall 2025' Release, as Take-Two Posts $2.9 Billion Loss | MMORPG.com

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Grand Theft Auto VI Set for 'Fall 2025' Release, as Take-Two Posts $2.9 Billion Loss | MMORPG.com

More financial reports are out this week, and Take-Two's has revealed both a target release window for Grand Theft Auto IV and a $2.9 billion loss.

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Angrakhan

"Goodwill charges, or goodwill impairment charges, are ways that businesses write off a loss when an asset has declined in market value."

In other words most of that $2B number is on paper. Let me give an example. I build a car from scratch with a combination of parts from other cars and parts I make myself. It cost me $50k in parts plus a lot of my time and expertise to build this car. If you include my time total cost was $150k to build the car but in reality as far as actual money that left my bank account we're still at $50k but I bring out a legit car appraiser and he decides the car is worth $150k which I need the appraisal for taxes and insurance, etc.

With me?

Ok next I start showing the car. I go to in person car shows and put it on YouTube and everyone's so social feeds and everyone loves it. It gets a huge following and I even get some offers to sell the car. One guy even offers $1 million for it. I have the appraiser back out and he updates the value to $1 million which I need again for taxes and insurance etc.

Still with me?

Ok now KIA comes along and builds a car remarkably like mine. It's not exact. I couldn't sue them or anything but it's pretty close in looks and it kills my car in performance. Even I have to admit they've built a better car. What's worse is they're selling it for $34,999. I can't even build my car on parts alone for that. I have the appraiser back out and he says the car is worth $25k now given the competition.

I have now "lost" $975k on paper. In actuality I only lost $25k but even then I haven't lost anything until I actually sell the car.

That's what is going on with this giant number in a nutshell.

Scot

Only thing is there is no cheaper GTA out there, gamers are just not willing to spend, spend spend like they once were. Many factors here from passes to a gaming title glut, from covid hires to new live service being a turn off.

Neoyoshi

I honestly believe game journalism should not even be covering these types of stories- this feels like something the Motley Fool or Forbes would cover, it muddies the consumers' viewpoint on where the importance of video game development lays; and their attention shouldn't be focused on a game subsidiaries financial and fiscal reports.

Unintended

Gonna be woke as shit

ZenJelly

I'll be skipping this GTA with their new self censoring attitude. If they feel the need to tone down and scale back the stuff that the series has been know for, then I won't feel the need to buy or play it.

ValdemarJ

Unintended said:

Gonna be woke as shit

I'm down with that. The more fragile snowflakes that don't play games, the better off we all are.