Grand Theft Auto IV planned for release in 2008

According to the chairman of Take 2, Rockstar is setting a new standard for next generation video games with Grand Theft Auto IV and it takes maximum advantage of next generation technology. Certain elements of development proved to be more time-intensive than expected. Also the game is huge and is pushing the hardware platforms to their absolute limits. The top engineers from Sony and Microsoft are working closely with the team to fully leverage the power of both PS3 and XBOX 360 platforms. So Take 2 requires additional development time to complete Grand Theft Auto IV. Hence the title is now planned for release in the Company's second quarter of fiscal 2008.