When I watched Take-Two interactive bounce 44% in one day on the Grand Theft Auto news, I remember thinking how difficult a nose-bleed valuation like that would be sustainable. Apparently not so difficult, according to NYTimes, 3.6 million units were sold on the first day and $500 million in sales in the first week for Grand Theft Auto. Statistics like these are the very head of the long-tail curve.
[…] with an all-time industry record, of $550 million in sales in its first five days of release. Grand Theft Auto IV, is now a gleaming second place with $500 million of sales generated in its first five days. This […]
Hollywood can only dream of having a week as huge as this. I dream of the day that I have the choice of seeing a new movie at the theatre of the day it comes out, or watching it on PPV, or buying it at the store on DVD. Heck, some movies are so good I would pay for a DVD of the movie on the way out of the theatre. Hopefully the “simultaneous release” concept is not to far off.