Grand Theft Auto IV Delayed

Take Two Interactive has announced that "Grand Theft Auto IV" is now scheduled to be released in quarter two of 2008. It was previously scheduled for this October for the console platforms. This will obviously push back the PC port, assuming there will be one.

"Grand Theft Auto IV will now launch in fiscal 2008's second quarter, which ends in April of next year. It was originally slated for release this October, ahead of the crucial holiday shopping season where video game publishers make much of their money. The company said it needs more time to develop the game.

"Obviously, we are very disappointed to reduce guidance after having previously reaffirmed it," said Chief Executive Ben Feder in a statement. "Other than a matter of timing, the movement of 'Grand Theft Auto IV' does not compromise Take-Two in any way."

The company had said in June it expects a net loss between 60 cents and 65 cents per share for the fiscal third quarter ended July 31, but added it still expects to break even for the year on revenue between $1.2 billion and $1.25 billion."