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Zelnick 'disappointed' with Take-Two Q1 results

Publisher 'taking it on the chin', looking forward to future releases

Take-Take CEO Strauss Zelnick has said he's "disappointed" with the firm's first quarter results, which it confirmed today have fallen short of forecasts.

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"We had a disappointing year last year, and now we've had a disappointing first quarter", said Zelnick after the firm blamed "lower-than-anticipated sales of Spec Ops: The Line and Max Payne 3" as key reasons for missing its financial targets.

"I take responsibility," added Zelnick, saying that the firm will "take it on the chin".

He went on shift the focus to the future, saying the firm is just looking to "move forward to the next body of releases, which look fantastic".

Grand Theft Auto V is the obvious upcoming megaton, but Zelnick stone-walled all questioning regarding its release.

"We just haven't talked about a release date. I can't discuss the validity of a release date we haven't announced," he said, as investors quizzed the firm on "how late" they can leave the announcement, as a 2012 release looks increasingly unlikely.

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