Videogame publisher Take-Two lowers full-year profit forecast

(Reuters) - Take-Two Interactive Software Inc, best known for its hugely popular "Grand Theft Auto" video game series, cut its profit forecast for its fiscal year 2017, largely due to higher royalty payments. "GAAP net income is impacted by higher internal royalties resulting from the continued outperformance of Grand Theft Auto V and Grand Theft Auto Online," Chief Financial Officer Lainie Goldstein said on a post-earnings conference call. "Grand Theft Auto V", one of the best-selling video gam