In an interview with GameDaily, GameTap's VP of Content, Rick Sanchez, explains that rumors of the gaming-buffet's death are "greatly exaggerated." Although he avoids divulging whether GameTap is profitable, he does say that it is hitting parent company Turner Broadcasting's P&L (profits and losses) figures, so apparently it's still keeping daddy happy.

Although rumors of GameTap's demise have pretty much been present since the service launched -- something even Sanchez jokes about -- things went into overdrive after the company laid off its all-star editorial team. GameDaily reports it heard rumors in the wake of the firings that the service would remain online only as a shell until December and then be buried. Sanchez "categorically denies" any of that, pointing to Grimm and more announcements expected in the future as proof of the service's growth.

This article was originally published on Joystiq.

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