Not 100% sure about this particular issue, but I believe the very next time they report earnings it should become part of fully diluted EPS. The basic rule for fully diluted number is assume maximum dilution from all things such as convertibles, and I believe even this "award" but not 100% certain.
I recorded Kotick from CNBC on Friday and he was putting his spin on the $500M first day sales calling it a record for a new title, which maybe isn't as much spin as I say, but it is said pretty quickly, over and over again, and is reported in articles sometimes lacking the "for a new title" part which makes it sounds like they topped the GTA record.
Also asked him about the potential Minecraft deal to which he told them they should ask MSFT. Finally asked if there were any deals he might be thinking about and he said, not that I want to talk about. Likely meaningless but I found it entertaining.
MSFT is hosting the deal, not ATVI. Just likely that most people will pick Destiny as their free title. If GTA were available, I bet that would be high on the list too.
Jester, while I never think any of the console makers will buy a third party due to the fact that making them exclusive also makes them overvalued in the buyout, a 2B purchase by MSFT leaves plenty more to buy TTWO or anyone else in the space, not that I think it's going to happen.
GTA VI??? We will all be dead of old age when that comes out! Even if some are very young right now. It will be released by the grandchildren of Z and the Housers!
Cramer answered a question Friday night from someone asking is ATVI is a buy and he said they were ok but TTWO is still his favorite in the space, praised Zelnick, and also mentioned the downgrade and the fact that the stock still closed positive.
Sheep you mention RDR2 delay. We know this is TTWO, but cmon, let them actually announce it before you start calling delay on them! LOL.
Understood Spec. Just don't want us to end up with the next Aliens where they stretch themselves too thin. And even though it's being done with another dev, can't believe Sega is trying Aliens again. I only hope some of the goodness from Borderlands somehow spills into the new game, otherwise, I have no idea about the genre and what it may or may not do sales wise.
I think it's a good move that they are only helping and not working directly on it since when they did Aliens, while doing B2 and who knows what else at the time, resulted in disaster for Aliens. No idea about MOBA since I don't play that, but this is a long way off, so who knows what will happen.
Yes assisting but it sounds like they are not doing much, just supervising IMO and after what happened to Aliens when they tried to do too many things at once, I think this is a good move.
Very nice. Now we know why the Pre Sequel is not being done by Gearbox. They are busy on something else.
Wow. What are you talking about? I never singled out Evolve. Never. I only said no way they ship all of those titles in the month. I also never wavered on that statement and still stand by it. No idea where Johnny R and Titanfall come into play here, but clearly something is wrong with you. Thanks, it's been fun playing, but you are now on ignore. All the best.
Thanks for the assist Sheep. Not sure what that was about as I was just commenting/making an observation that there is no way they all ship in Oct. Also, the fact that I keep my eye on things here, as well as many other places, seems to be costing him sleep somehow.
In any event, how about this as a change of tradition around here? How about TTWO ships one of those games EARLY to get it into the Sept qtr?! I would likely have to be resuscitated!
I guess you are still talking about me, but I never called myself a mensa, just trading, investing and following the industry for a long time. Have made far more than I have lost to be sure. Was trading binary calls from time to time and expecting strong price moves up to, during, and after GTA but it did not happen. One stock and while from my "mensa" area, still only one stock. I assure you, there is nothing to worry about with regard to my trading and investing. This year has been stellar so far and not even in the VG sector for me. This market has made it seem easy for many and I have been very, very fortunate. Thanks again for your concern.
Thanks for your concern, but as I said, I am in and out of this industry short, medium, and long term at various times over many years. No big deal about games being delayed, depending upon market reaction of course, just joining the conversation on the recent topic, and pointing out that TTWO seems to have jammed a lot into one month and I simply think that they have no intention of releasing everything currently in the month.
I just keep my eye on everything VG related even if I am not in any particular stock at the time. I have invested and traded in this sector in one form or another for nearly 30 years. FYI, my post was not intended to be either positive or negative, just saying I don't believe they will ship all of those games in October. Whether any delays cause a price change in the stock is another issue. Why do you care that I care?