GTA IV - Take Two Needs Cash
According to The Street, Take Two Interactive (the programmers that bring us the GTA series among other titles) is running low on funds. Because the company didn't make the original October release date, they might run out of money before they can get the game on the shelves.
Well, it might not be that bad, but they're going to have to slow that burn rate! ("burn rate" is how fast a company burns through its cash.)
According to The Street, TTI had almost 140 million at the beginning of February, and had about 60 million at the end of July. Doing some simple math, that's about 80 million dollars in 6 months - 13 million each month. That's a staggering burn rate if you ask me.
Since they moved the release date from October to "early next year", it means if they keep that same burn rate, they'll blow through that cash in 5 months - which from the end of July is next month! Youch! I can only hope the slowed down their spending a bit. Otherwise they'll need to take out some loans, or maybe rob some ho's. They might also want to check where that money is going - maybe somebody is doin' a grand theft on their cash... That's the only thing I can think of...


























