Did Microsoft pay $50 million for GTA IV content?

The other day it was announced that the Xbox 360 version of Grand Theft Auto IV would feature exclusive episodic content not found in other versions and today we've learned why. Per Take-Two's latest fiscal conference call the company discussed an extra $50 million on the balance sheets listed as deferred payments split into two $25 million dollar chunks. The transcript confirms that the $50 million relates to the 360's episodic content and when asked to explain the release of such content it was explained as such:

"The first 25 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."

So, Take-Two received an extra $50 million for GTA IV's episodic content on the 360 which will be available in two installments, one next March and one sometime in 2008. The question is where did the cash come from and we can only speculate Microsoft's deep pockets had something to do with it. And if it was Microsoft, we'd be almost certain that the once talked about PS3 content is now canceled.

[Via the gta place]