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Thread: Cause for Concern? Management change at Take 2

  1. #1
    Moderator
    Registered: Jun 2001
    Location: The Doldrums

    Cause for Concern? Management change at Take 2

    SAN FRANCISCO/NEW YORK, March 7 (Reuters) - Investors who own 46 percent of Take-Two Interactive Software Inc. (TTWO.O: Quote, Profile , Research) unveiled plans to take over its board and oust the CEO, sending shares of the "Grand Theft Auto" video game maker up as much as 19 percent on Wednesday.

    Take-Two management has been under fire for years for a series of issues, ranging from overstating revenue to problems with options grants. The company regularly failed to make financial targets and spawned a national controversy due to undisclosed sexual content in one of its hit games.

    The shareholder group, which includes OppenheimerFunds Inc., S.A.C. Capital Management, Tudor Investment Corp., D.E. Shaw Valence Portfolios and ZelnickMedia Corp., is seeking control of the board, according to a regulatory filing.
    http://today.reuters.com/news/articl...c=66&type=qcna

    Seeing as BioShock is one of 2K's more risky titles coming out, I wonder if it's going to be affected by this.

  2. #2
    Member
    Registered: Jan 2007
    Location: Behind you...
    Hot plasmid anyone?

  3. #3
    Member
    Registered: Aug 2004
    Uh-oh. Ken had better get the game out the door before this happens, or they'll probably come down from on-high and say "make it more like Doom!"

  4. #4
    Member
    Registered: May 2006
    Thaaaaat's not good news ;_;

    Well, with this game so close to release (comparitively to it's development) chances are very slim they'll get all the proper votes/filing/new CEO/dig deep into Bioshock to find something offensive/stop or change it before Bioshock actually gets out the door, too much hassle at this point, if nothing else Bioshock will get it's chance!

    ... besides, if it does well, even the most bleh shareholder will recognise "this meaaaans money!"

  5. #5
    Member
    Registered: Jun 2006
    Development state doesn't mean as much as you might think. More than one game has been axed while only months away from release.

    What worries me more than the possibility of Bx's execution is having the game dumbed down to increase the marketability and market share.

    One can only hope that they are attuned to the positive feedback that Bx has garnered so far, and see that it's current direction is a good thing.

  6. #6
    Previously Important
    Registered: Nov 1999
    Location: Caer Weasel, Uelekevu
    a) let's not call it Bx anymore
    b) srsly let's not

    All in all this sounds like Mt Molehill, capable of sending only the twitchiest of fanboys scurrying for their panic rooms. So Take2's major investors are looking to lynch the CEO because of years of what amounts to dicking the books. Sounds rational to me, these people are the ones with the cash tied up in things and they want the best for their bucks. Doesn't hurt that shares increased. Won't hurt that the upper tiers get shook and restructured.

    also, let's not call it Bx anymore, because that's really dopey.

  7. #7
    Member
    Registered: Apr 2002
    Location: Las Vegas
    Bx? Sounds like someone who's too dumb to abbreviate the word "prescription" properly.

  8. #8
    I've said this before and I will say it again: let's just call the game "BullShit." It's a good abbreviation if you ask me.

  9. #9
    Member
    Registered: Jun 2006
    Quote Originally Posted by Fygee View Post
    Bx? Sounds like someone who's too dumb to abbreviate the word "prescription" properly.
    Actually, the similarity to Rx is why I chose it.

    What would you prefer, GBM? To me BS will always be Bull Shit, and BioShock isn't that.

  10. #10
    Shockaholic
    Registered: Aug 2005
    Location: 180 Deg and = Dist from start
    Things like this cause me much distress. That's why I posted my thoughts a couple weeks back.

    "Will BioShock be the last of the Great Creative games From IG?"

    Having seen first hand what a "group" of investors has done to the company I work for is what made me post that thread a couple weeks back.

    Damn, I hope I'm worried over nothing and all of this is premature conjuncture.

  11. #11
    Member
    Registered: Dec 1999
    Location: Black Squadron
    Quote Originally Posted by v.dog View Post
    What would you prefer, GBM? To me BS will always be Bull Shit, and BioShock isn't that.
    How about 'BioShock'? I know it's a bit off-base, but damn it's good. Because that's its name and it's not exactly a long one.

  12. #12
    Member
    Registered: Apr 2002
    Location: Las Vegas
    Eight letters are way too difficult.

  13. #13
    Member
    Registered: Jun 2006
    It's simply a convenience thing, like typing IG instead of Irrational Games, or 2K instead of Take Two Interactive. What's the harm?

  14. #14
    Member
    Registered: Dec 1999
    Location: Black Squadron
    There's no 'x' in 'BioShock'.

    Also 2K is for 2K Games, not Take Two Interactive.

  15. #15
    Member
    Registered: Jan 2000
    Location: sup
    But that x could stand for XTREME.

  16. #16
    Member
    Registered: Jun 2006
    I hope not. Rule #1 in gaming: Don't but anything with 'extreme' in the title, especially if they drop the first 'e'.
    Quote Originally Posted by David View Post
    There's no 'x' in 'BioShock'.
    I know, it's called a null character.
    Also 2K is for 2K Games, not Take Two Interactive.
    My bad. My point still stands tho'.

    No.

    You know, I shouldn't have to justify myself like this. There's no grace here, no love, hell, there isn't even that much tolerance.
    Quote Originally Posted by TheManySingsTheBlues View Post
    Derision and hostility?

    At www.ttlg.com?

    No!!

    Surely not!!
    If you can't handle 'theory of mind'; that others think, act, dress, talk differently from the way you do, then I'm not going to hang around. If it has got to be 'your way or the highway', I'm choosing the highway.

    What made The Many so scary was the one-ness, the uniformity, the lack of individual thought. It goes against that which makes us human. Sure humanity is a mess, but that's what make it interesting, that's what makes it fun.

    So I'll see you guys all later, I'm off to a messy forum. Sure there will be spam, script kiddies, and people who wouldn't know grammar it it hit them in the face. There may even be people who, given the choice, would rather play FPS on a console (shock horror!).
    But hey, at least it'll be interesting, at least it will be fun.

    If someone makes co-op mod for Bx, I'll keep an eye out for you all on-line and we'll have some fun.

    In the meantime, peace!

    v.dog out.

  17. #17
    I love the internet sometimes

  18. #18
    is Best Pony
    Registered: Nov 2002
    Location: Drowning in my Steam Library
    People are getting waaay too sensitive.

  19. #19
    Member
    Registered: Jan 2007
    Location: under pressure
    people are baring their modest and chaste souls here for the world to see, and you call them sensitive when their privacy is coursely and intrusively invaded. this forum is serious stuff, we're talking high level shit, life and death

  20. #20
    Member
    Registered: Jun 2005
    If you actually read the articles, it seems that the new management is going to put an end to the type of behavior we're speaking about.

    hmmm... this *should* actually be good news

  21. #21
    Member
    Registered: May 2004
    Location: Escape Pod #1
    Quote Originally Posted by David View Post
    How about 'BioShock'? I know it's a bit off-base, but damn it's good. Because that's its name and it's not exactly a long one.
    Back when the game was just announced, Google wanted to correct Bioshock to "bios hack". Not that that has any relevance to the thread.


    But if you people really need an abbreviation, call it Bio

  22. #22
    Member
    Registered: Dec 2002
    Location: (Kauhajoki) Turku!, Finland
    Quote Originally Posted by NHJ BV View Post
    Back when the game was just announced, Google wanted to correct Bioshock to "bios hack". Not that that has any relevance to the thread.


    But if you people really need an abbreviation, call it Bio
    Hey, thats just what I've been calling the game - Bio.

    Google is such Helpy Helper at times

  23. #23
    Member
    Registered: Jul 2004
    Location: Reykjavík, Iceland
    Quote Originally Posted by Scots_Taffer View Post
    But that x could stand for XTREME.
    Which isn't a part of BioShock's title.

  24. #24
    Member
    Registered: Dec 2006
    Location: Canada
    I'm done worrying over it...Ken and company are damn great devs,and know what they are doing,let them be ! If...I say if it bombs,then lynch
    them,and start rioting in the streets,err,I mean on TTLG

    *goes back to polishing his pitchfork,with Ken Levines name on it*

  25. #25
    Quote Originally Posted by NHJ BV View Post
    But if you people really need an abbreviation, call it Bio
    How about just "shock"

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