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Take-Two Interactive's SEC filing has revealed a few interesting details about the state of the company, which publishes the mega-hit Grand Theft Auto games. According to the report, the company lost $50.2 million in its second fiscal quarter, prompting a stock drop of over 17% to $13.83 a share.
But more information is buried in the report: details concerning the fate of Duke Nukem Forever, the endlessly delayed first-person shooter from Garland, TX studio 3DRealms. The report shows signs that Take-Two Interactive, which has adopted a hands-off approach to 3DRealms in recent years, may be losing its patience with the game's delays.
The report shows that Take-Two has renegotiated its contract with 3DRealms, dropping the company's payment for the game from 6 million to 4.25 million. But there's a catch: Take-Two is offering a $500,000 bonus if 3DRealms can deliver the PC version of the game by December 31st, 2006.
By most accounts, Duke Nukem Forever has has been in development since 1997. And aside from a few images released back in 2000, the gaming press has neither seen nor heard anything from development studio 3DRealms since then.
Its predecessor, the enormously popular Duke Nukem 3D, is one of the top-selling PC games of all time. It was also an early target of politicians eager to exploit video game violence for political gain.
Source : GameTrailers.com - The Source For Video Game Media
So who else thinks its all B$... 31 Dec 2006... I dont think so ...