Spec I have been on the sidelines about the relaunch, but I am leaning more and more to the high side on GTA sales on the new machines and might actually be a buyer of that PS4 deal and I have been an Xbox person since the first one. Typical R* frustrating everyone taking a year to get it to the new boxes and then showing the delay was worth it.
Haven't followed that closely but I thought I read that they made a profit of $22m on the sale. That would have reduced the loss.
NBA is number one in a soft month and B2.5 made it near the top too! I knew people still liked and wanted to play more of it. So many of the reviews seemed weak only because it was "more of the same" which is what most people wanted IMO. I know I am loving it.
I was saying that while V owned ATVI and they wouldn't let it happen. I agree about the debt, but I think ATVI's cash flow could handle even more debt service or they could use stock. One thing we certainly agree on, anything is possible.
Crazy stock here for sure. Finally does what it should have done long ago, and the ATVI rumors are back again. Maybe that will happen too! Spec, you are right about ATVI. Should have bought earlier and who know, maybe they tried. Now they will have to pay up and Cramer mentioned or asked Z about getting bought out and threw a very hypothetical 40 number at him. All Z said is that we have to consider everything that comes our way but we like being independent.
Very impressive indeed. It was at least a no brainer that they could not take down guidance with GTA coming, but I am still surprised since it has, for so many quarters, dropped after earnings.
We will see soon enough. They may also have to contend with general negative market sentiment from the Fed noise that they make this afternoon. One typical VG company issue that should not happen, is guide down for the current quarter but maintain or raise the FY, which tends to take the stock down as people focus on the near term. With GTA in the Q, I can't see how they do that, but nothing surprises me around here anymore.
We shall see, but many of us have seen this movie over and over again. It will probably get to 25, I agree, but with a drop after earnings first.
I think it is pretty reliable that if the price stays here or goes higher, it sells off after earnings for at least a day, and then climbs back in about a week. Might actually trade it that way. It's been a while and I have some house money from recent trades that I should probably give back to Wall Street so they don't go hungry this holiday season!
Reviews are certainly on the weak side, but I have actually read some of them, and they say lots of positive things, and basically indicate that it is more of the same, which seems to pull the score down, but I will wager it is what the players want. Can't imagine how well it sells, but GME is having a midnight launch tonight as they told me about it when I preordered this afternoon, which was pretty surprising, but maybe a good sign.
Nope, just observing for now. Thinking about the whole group with the drop in gas prices maybe helping holiday sales, but who knows?
Can't wait for BL next week, as a gamer. Should see a review before release since it went gold weeks ago. If not, I will be concerned about the quality, but so far, previews have been very positive and seems to be no let down from prior versions. I think it should do pretty well, even restricted to old machines. NBA got a medium review over at IGN due to network problems, which you were concerned about in an earlier post, Spec. Why can't they ever get that right???
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!