wraggster
February 2nd, 2013, 10:24
Grand Theft Auto V could sell around 18 million copies in Take-Two's fiscal year and even topple the mighty Call of Duty series from its anual chart dominance, predicts industry analysts.
http://cdn.medialib.computerandvideogames.com/screens/dir_2954/image_295442_thumb_wide300.jpg (http://www.computerandvideogames.com/viewer.php?mode=article&id=295442)Sterne Agee's Arvind Bhatia estimates development costs for the game total around $137.5 million, reports Games Industry (http://www.gamesindustry.biz/articles/2013-02-01-gta-v-dev-costs-over-USD137-million-says-analyst). That's taking into account a 250-strong development team working over five years. He also estimates a marketing spend of between $69 million and $109.3 million.Despite huge costs, and the recent delay from Spring to September (http://www.computerandvideogames.com/388902/grand-theft-auto-5-release-date-delayed-to-september-17/), Bhatia thinks Take-Two is poised to make big returns on its investment.
The firm could sell anywhere between 15 million and 25 million, generating operating profit from $193.6 million to $390.8 million respectively, according to Bhatia's estimates.
He also says GTA V could even outsell this year's new Call of Duty, and that only Activision's FPS series stands a chance of forcing GTA to settle for second.
As reported yesterday, Cowen & Company analyst Doug Creutz has suggested that Rockstar may be planning to eventually release the game on the next generation of consoles (http://www.computerandvideogames.com/388919/gta-v-delay-analyst-thinks-some-form-of-next-gen-release-possible/) in some form, following news of its delay to September.
http://www.computerandvideogames.com/389075/gta-v-to-sell-18-million-could-outsell-call-of-duty-analyst/
http://cdn.medialib.computerandvideogames.com/screens/dir_2954/image_295442_thumb_wide300.jpg (http://www.computerandvideogames.com/viewer.php?mode=article&id=295442)Sterne Agee's Arvind Bhatia estimates development costs for the game total around $137.5 million, reports Games Industry (http://www.gamesindustry.biz/articles/2013-02-01-gta-v-dev-costs-over-USD137-million-says-analyst). That's taking into account a 250-strong development team working over five years. He also estimates a marketing spend of between $69 million and $109.3 million.Despite huge costs, and the recent delay from Spring to September (http://www.computerandvideogames.com/388902/grand-theft-auto-5-release-date-delayed-to-september-17/), Bhatia thinks Take-Two is poised to make big returns on its investment.
The firm could sell anywhere between 15 million and 25 million, generating operating profit from $193.6 million to $390.8 million respectively, according to Bhatia's estimates.
He also says GTA V could even outsell this year's new Call of Duty, and that only Activision's FPS series stands a chance of forcing GTA to settle for second.
As reported yesterday, Cowen & Company analyst Doug Creutz has suggested that Rockstar may be planning to eventually release the game on the next generation of consoles (http://www.computerandvideogames.com/388919/gta-v-delay-analyst-thinks-some-form-of-next-gen-release-possible/) in some form, following news of its delay to September.
http://www.computerandvideogames.com/389075/gta-v-to-sell-18-million-could-outsell-call-of-duty-analyst/