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The Week in the Business: 'GTA V to Steal Everyone's Attention in Front of E3'

Illustration for article titled The Week in the Business: emGTA V/em to Steal Everyones Attention in Front of E3

What's happened in the business of video games this past week ...

QUOTE | "GTA V to steal everyone's attention in front of E3." - Analysts explain how GTA V, in typical Rockstar fashion, is going to take the industry by storm next year, possibly by grabbing the limelight during E3.

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QUOTE | "PS3 has a performance advantage over 360." - Team Ninja Leader Yosuke Hayashi gives the edge to PS3 in a special feature on console horsepower and how much more is left this generation.

QUOTE | "Zynga exists because EA, Blizzard, failed to step in." - Richard Garriott explains how the MMO is threatened by the social game, and how he's going to challenge Blizzard.

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STAT | $1.1 billion – The amount of money Wedbush Securities' Michael Pachter believes Call of Duty: Modern Warfare 3 will makein the first 6 weeks.

QUOTE | "The retail model has always been and still is broken." - Dino Patti, CEO of Limbo developer Playdead, talks up the digital distribution model and how "inefficient" retail is for the games business.

QUOTE | "Virtual buttons still totally suck." - Impressions from a near-finished Grand Theft Auto 3 for mobile haven't been great and IndustryGamers wonders if it's going to ruin the GTA experience.

QUOTE | "GameStop is not developing its own tablet at this time. " - GameStop spokesperson Wendy Dominguez, explaining why GameStop is introducing Android tablets without a GameStop label, but pre-loaded with 6 games and a wireless controller option.

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QUOTE | "It takes an immense amount of time to create a game." - Team Krinoid's John Peters on one of the lessons they learned creating a game company out a college game design project.

STAT | $200 million – The amount of revenue that EA's social games revenue could hit for fiscal 2012, thanks to the stellar performance of The Sims Social.

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QUOTE | "There is never a dull moment." - Tammy Levine, EA's VP of Public Relations, explaining what it's like to be a PR professional in the games industry.

QUOTE | "Video games can be designed to optimize the development of creativity." - Findings from a new study by Michigan State University looked into whether kids get more creative when exposed to video games.

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This Week In the Business courtesy of IndustryGamers.com


(Image from Shutterstock)

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DISCUSSION

Here's the funny thing. Nobody ever paid attention to GTA3 at E3 2000, so the next GTA installment was announced, and Rockstar was nowhere to be found. They've ignored E3 with a passion for a long time, relying on fan power to get GTA out there. Besides, FOX is a load of fools giving them free ads, so why complain?

They're not gonna be at E3 2012.