Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from the line of Eric Handler with Lehman Brothers.
Eric Handler - Lehman Brothers
Thank you very much. Given your improved outlook from this year, can you give us a sense of what free cash flow generation might look like? And then secondly, in terms of your Asian expansion, what titles do you expect are going to be the first that you might look to monetize online or lead the charge there?
Benjamin Feder
Your first question with respect to cash flow, we don’t actually provide it, as you know, so I’m going to defer on that one. And with respect to Asia, we have a goal -- well, not a goal but we have some very important and valuable brands that translate very well to Japan, to China, to Korea. We are not in a position yet to describe or to articulate which brands we’ll be leading with, except to say that we think that there’s a huge opportunity for multiple franchises at Take-Two and a bunch of different territories within Asia. And as you know, Asia is a fairly large place.
Strauss Zelnick
Eric, on the cash flow point, obviously we have disclosed our gross margins a little better than expected and obviously you know that this business generates cash when it does well, and we are certainly doing well.
Eric Handler - Lehman Brothers
Okay, and then just as a follow-up, with Asia should we assume that you are not going to be getting the packaged goods there, most of it -- all of it should be online initiatives?
Benjamin Feder
We tend to follow the market and Japan is really the key market where console -- we tend to be console oriented, although we also launch on PCs but the console market pretty much in Japan -- in Asia is pretty much in Japan and the rest of it is online or PC.
Eric Handler - Lehman Brothers
Thank you.
Operator
Thank you. Our next question comes from the line of Benjamin Schachter with UBS.
Benjamin Schachter - UBS
Congratulations on a nice quarter and a great launch of the game. I’m not sure if you said this at the beginning of the call, but did you give a percentage of revenues from GTA?
Lainie Goldstein
We didn’t give that specific information but I can tell you that GTA 4 and our catalog for GTA in total is approximately 78% of our total publishing revenue in the quarter.
- To read the full transcript on Seeking Alpha, click here »



