13:45: Call begins
13:48: Strauss Zelnick, Chairman of Take-Two, says they're disappointed for reducing its fiscal 2009 guidance and the main factor is the delay of BioShock 2.
13:49: The delay is intended to "ensure the quality and performance" of BioShock 2 and the publisher assures the delay will benefit the franchise in the long run.
13:51: Zelnick confirms BioShock 2 joins next year's line-up: Mafia II, Max Payne 3 and Red Dead Redemption.
13:52: Ben Feder, Chief Executive Officer of Take-Two, is talking about this (fiscal) year's line up. Borderlands confirmed and the publisher is confident in the commercial success of the game.
13:54: Feder confirms that Mafia II, Max Payne 3, Red Dead Redemption and BioShock 2 will be released in the first half of calendar 2010.
13:55: Q&A session begins.
13:57: According to Take-Two, retailers are cautious in increasing the inventory level in the U.S. and don't want too much AAA titles to compete with each other.
14:00: Answering question on GTA for PSP...we don't care.
14:01: Q: "Can you quantify the impact of the delay of BioShock 2?" A: The delay of BioShock 2 represented the majority of the change in revenue and earnings guidance for fiscal 2009, but not all of it.
14:04: Question on revenue and earnings declines. Take-Two refuses to explain if it booked expenses for games like BioShock 2 that won't be released in fiscal 2009.
14:06: Talking about arrangement with Ghostbusters distribution.
14:07: Q: Is there a particular system that cause the delay of BioShock 2? A: Generally, there are development issues but no particular system or feature is delaying the development of BioShock 2.
14:08: Take-Two refuses to reveal which studios are working on unannounced games. Obviously they won't!
14:10: Talking about incentives for internal studios to deliver games on time. According to Zelnick everyone is working hard to deliver titles on time and guarantee a high quality level.
14:12: Q&A session concludes.
Masz fingus