Bioshock 2 Delayed

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Take-Two announced today that BioShock 2 will be released within the first half of the 2010 calendar year. Three other major releases are planned within that timeframe: Mafia 2, Max Payne 3, and Red Dead Redemption.

Take-Two is reducing its fiscal 2009 guidance to reflect several factors, most significant of which is the movement of the launch of BioShock 2 from the fourth quarter of fiscal 2009 to fiscal 2010, in order to provide additional development time for the title. Additionally, Take-Two is updating third quarter and fourth quarter fiscal 2009 guidance to reflect reduced sales of catalog products and lower than anticipated initial retailer orders of new releases, due to a retail environment that is proving even more challenging than the Company's previous expectations



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