GTA IV episodic content bought for $50 million
During a conference call last week, Take Two's CFO, Lainie Goldstein has revealed that Microsoft will be paying $50 million to ensure that the planned episodic content for Grand Theft Auto IV will be exclusively available on Xbox 360.
"The first 25 (million) is for the first episodic content package that's supposed to go out and that is in March of '08. That’s why it moved into current because it's in the next 12 months. The second 25 will be for the second episodic, the episode, and that will be later in fiscal '08," Goldstein said.
Microsoft will be hoping that the exclusive deal will result in an increase in sales of the Xbox 360 and that they will recoup some of the costs through charging for the downloadable content.
You can read the transcript in full: here