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|8th February 2017, 15:40||#1|
Join Date: May 2010
Take-Two sees profit slump
Higher royalty payments
Take-Two Interactive Software which is known for the "Grand Theft Auto" video game series, is not doing so well.
The outfit cut its profit forecast for its fiscal year 2017, largely due to higher royalty payments.
Chief Financial Officer Lainie Goldstein said the bleaker outlook was because there were higher internal royalties resulting from the continued outperformance of Grand Theft Auto V and Grand Theft Auto Online.
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