Take-Two Says 'Grand Theft Auto' Sequel Coming
NEW YORK (Reuters) - Video game publisher Take-Two Interactive Software Inc. TTWO.O said on Tuesday it is preparing a sequel to its blockbuster "Grand Theft Auto 3" for release in late October, following on the success of a game that dominated U.S. sales charts for months.
"Grand Theft Auto: Vice City" will ship to retailers on Oct. 22 for Sony Corp.'s 6758.T PlayStation 2 game console, Take-Two said.
"GTA3" was the best selling video game in the United States from its release at the end of October 2001 until mid-March this year, based on units sold, and was the top console game of 2001, on the same basis.
It was also the top game at rental in the first quarter, and its strength was directly responsible for Take-Two raising its fiscal 2002 guidance. The company said it has sold more than 6 million units worldwide to date.
The game, a criminal adventure that allows players to, among other things, run over senior citizens and shoot at law enforcement officers, was initially banned by the Australian government because of its violent content.
Despite an accounting scandal that led the company to restate its fiscal 2001 results (twice, for some quarters) and the replacement of two chief financial officers in about three months, Take-Two shares are up more than 62 percent this year.
More details about "Vice City" are expected in July, the company said.
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