Take-Two Interactive Software Announces Formation of Private Division™
December 14 2017 - 8:00AM
Business Wire
New label to publish games from top creative
talent in the growing independent development landscape
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today
announced the formation of Private Division, a new publishing label
comprised of proven games industry veterans that is dedicated to
bringing titles from top independent developers to market. Private
Division is a developer-focused publisher that empowers independent
studios to develop the games that they are passionate about
creating, while providing the support that they need to make their
titles critically and commercially successful on a global
scale.
Private Division will publish several upcoming titles* based on
new IP from renowned industry creative talent, including the
previously announced Ancestors: The Humankind Odyssey from Panache
Digital Games, a studio led by the creator of the Assassin’s Creed
franchise Patrice Désilets; an unannounced RPG currently codenamed
Project Wight from The Outsiders, a studio founded by ex-DICE
developers David Goldfarb and Ben Cousins; an unannounced RPG from
Obsidian Entertainment led by Tim Cain and Leonard Boyarsky,
co-creators of Fallout; and an unannounced sci-fi first-person
shooter from V1 Interactive, a studio founded by Halo co-creator
Marcus Lehto. Additionally, Private Division is the publisher for
Kerbal Space Program, which Take-Two acquired in May, 2017.
“We have spent more than two years laying the groundwork for
Private Division, building an experienced publishing team and
signing projects with some the most respected and talented creative
leaders in our industry,” said Michael Worosz, SVP and Head of
Independent Publishing at Take-Two. “We see a growing number of
independent studios in our industry creating high quality games
based on new IP, and our focus is supporting these types of
developers and projects, and ultimately bringing incredible
experiences to gamers around the world.”
Private Division is headquartered in New York City with offices
in Seattle and Munich, and is a publishing label of Take-Two
Interactive Software, Inc. (NASDAQ:TTWO). Private Division is the
third publishing label within the Take-Two Interactive family,
operating independently from Rockstar Games and 2K. For more
information, please visit www.privatedivision.com.
*With the exception of the Kerbal Space Program: Making History
Expansion that is slated for release in the winter of 2018, there
are no titles from Private Division currently planned for release
during Take-Two’s fiscal years ending March 31, 2018 and 2019.
About Take-Two Interactive
Software
Headquartered in New York City, Take-Two Interactive Software,
Inc. is a leading developer, publisher and marketer of interactive
entertainment for consumers around the globe. The Company develops
and publishes products principally through its wholly-owned labels
Rockstar Games and 2K, as well as its new Private Division label.
In addition, Take-Two owns Social Point, a leading developer of
mobile games. Our products are designed for console systems and
personal computers, including smartphones and tablets, and are
delivered through physical retail, digital download, online
platforms and cloud streaming services. The Company’s common stock
is publicly traded on NASDAQ under the symbol TTWO. For more
corporate and product information please visit our website at
http://www.take2games.com.
About Private Division
Private Division is a developer-focused publisher that empowers
independent studios to develop the games that they are passionate
about creating, while providing the support that they need to make
their titles critically and commercially successful on a global
scale. The label publishes Kerbal Space Program and will publish
upcoming titles with renowned creative talent at studios including
Obsidian Entertainment, The Outsiders, Panache Digital Games, and
V1 Interactive. Private Division is headquartered in New York City
with offices in Seattle and Munich. For more information, please
visit www.privatedivision.com.
All trademarks and copyrights contained herein are the property
of their respective holders.
Cautionary Note Regarding
Forward-Looking Statements
The statements contained herein which are not historical facts
are considered forward-looking statements under federal securities
laws and may be identified by words such as "anticipates,"
"believes," "estimates," "expects," "intends," "plans,"
"potential," "predicts," "projects," "seeks," “should,” "will," or
words of similar meaning and include, but are not limited to,
statements regarding the outlook for the Company's future business
and financial performance. Such forward-looking statements are
based on the current beliefs of our management as well as
assumptions made by and information currently available to them,
which are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict. Actual outcomes and
results may vary materially from these forward-looking statements
based on a variety of risks and uncertainties including: our
dependence on key management and product development personnel, our
dependence on our Grand Theft Auto products and our ability to
develop other hit titles, the timely release and significant market
acceptance of our games, the ability to maintain acceptable pricing
levels on our games, and risks associated with international
operations. Other important factors and information are contained
in the Company's most recent Annual Report on Form 10-K, including
the risks summarized in the section entitled "Risk Factors," the
Company’s most recent Quarterly Report on Form 10-Q, and the
Company's other periodic filings with the SEC, which can be
accessed at www.take2games.com. All forward-looking statements are
qualified by these cautionary statements and apply only as of the
date they are made. The Company undertakes no obligation to update
any forward-looking statement, whether as a result of new
information, future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20171214005110/en/
PressPrivate DivisionBrian Roundy, 646-536-2936Senior
ManagerCommunicationspress@privatedivision.comorCorporate
PressTake-Two Interactive Software, Inc.Alan Lewis,
646-536-2983Vice PresidentCorporate Communications & Public
AffairsAlan.Lewis@take2games.comorInvestor RelationsTake-Two
Interactive Software, Inc.Henry A. Diamond, 646-536-3005Senior
Vice PresidentInvestor Relations & Corporate
CommunicationsHenry.Diamond@take2games.com
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