Industry could lose up to $50 million

[Adriaan]

Now that's a lot of money! Especially if you are the one losing it. A few minutes ago Senior Editor of Gamespot, Curt Feldman, reported that the game industry could lose up to 50 million dollars!

One analyst's math? Starting with the numbers Take-Two put out yesterday--lowered guidance of about $40 million--and figuring that number to be 80 percent of the retail sales (assuming a markup of 20 percent), the analyst's estimate of lost retail sales could go as high as $50 million.

In another note the video game rental company Gamefly stated due to the game now being "Adults Only" they have suspended rentals and stopped buying the game. The Take 2 Interactive shares dropped earlier today, but gained again just before the closing bell. Interestingly since GTA: San Andreas got the AO sticker, alot of shareholders decided to sell their shares, 1000's being sold already. We'll keep you updated on the progress of this.

Link: Gamespot

[nickchico]

$50 million for a mod R* didn't invent. Unfair isn't it

[Dave1]

Well shouldent we um try to do somthing about this??

I mean what if rock star makes it so you can mod the new game?

If I where the one who made the mod..I would commit suicide..

Hopefully all this bull will end soon..im tired of it.

[Gerard]

I'm going to make an anonymous quote. This came from somebody connected, as regards to the Hot Coffe saga and the probable following lawsuits. Not an official statement from Take 2.

I mean its all a bit ridiculous really

says it all

[youngbloodSA]

$50 million for a mod R* didn't invent. Unfair isn't it

<{POST_SNAPBACK}>

not rite at all