Publisher also reaches agreement to acquire
PGA TOUR® 2K21 developer HB Studios as part of its
continued commitment to producing massively successful golf
simulation games
2K made a hole in one today by announcing the Company has agreed
to an exclusive, long-term partnership with Tiger
Woods, one of the most iconic and celebrated figures in
golf history. In addition, 2K announced it has entered into a
definitive agreement to acquire privately-held HB Studios
Multimedia Ltd., developers of the critically acclaimed and
commercially successful PGA TOUR® 2K21, as well as The Golf
Club franchise. The acquisition is expected to close in the first
calendar quarter of 2021, subject to customary closing conditions.
Financial terms of both deals were not disclosed.
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2K made a hole in one today by announcing
the Company has agreed to an exclusive, long-term partnership with
Tiger Woods, one of the most iconic and celebrated figures in golf
history. In addition, 2K announced it has entered into a definitive
agreement to acquire privately-held HB Studios Multimedia Ltd.,
developers of the critically acclaimed and commercially successful
PGA TOUR® 2K21, as well as The Golf Club franchise. (Photo:
Business Wire)
Tiger Woods’ resume includes 15 major championship wins; 82 PGA
TOUR victories; 11-time PGA TOUR Player of the Year; lowest career
scoring average and tied for the most career wins in PGA TOUR
history, among many other accolades. He is recognized as one of the
greatest golfers of all time and is heralded among the most
prolific athletes in the sporting world.
“I am looking forward to making my return to the video game
landscape, and with 2K and HB Studios, I’ve found the right
partners to make it happen,” said Tiger Woods in January. “I’m
honored to take part in this opportunity and look forward to
sharing my expertise and insights as we build the future of golf
video games together.”
Woods’ partnership with 2K includes rights for his name and
likeness to appear exclusively in the PGA TOUR 2K franchise,
as well as any other golf games published by 2K during the
partnership term. Woods will play an active role in the video game
landscape as an Executive Director and consultant with PGA TOUR
2K, while 2K will also partner with Woods’ TGR
Foundation, which provides award-winning STEM curricula and
college-access programs to offer underserved students the tools
needed to thrive in school and beyond.
“In golf, there is no bigger icon than Tiger Woods. Like the
rest of the world, we were saddened to hear of his recent accident,
and we wish him a full and smooth recovery,” said David Ismailer,
President at 2K. “We have been eager to announce our partnership
with Tiger, whose legendary career has transcended the sport. We
are thrilled to have him join our PGA TOUR 2K series as an
Executive Director.”
The developer behind PGA TOUR 2K21 – which USA Today’s
“For the Win” called, “unquestionably the best sim-style golf game
ever created,” – Nova Scotia-based HB Studios will join Visual
Concepts, Firaxis Games, Hangar 13, Cat Daddy Games, Cloud Chamber
and 31st Union as a wholly-owned studio for 2K upon the closing of
the acquisition. The developers’ Lunenburg studio location will be
retained as part of the acquisition for use as the head office for
Canadian affiliate, Take-Two Interactive Canada, Inc., with plans
to grow the business.
“The team’s love and knowledge of golf is immediately evident in
our games. We’re thrilled to officially become part of the 2K
family and continue development of the PGA TOUR 2K franchise,” said
James Seaboyer, President and Studio Head at HB Studios. “Our work
with 2K on PGA TOUR 2K21 brought our capabilities and
aspirations to the next level, and we can’t wait to show the world
what we’re planning for the future.”
“Through our new partnership and acquisition of HB Studios,
we’ve reaffirmed our commitment to the PGA TOUR 2K
franchise, expanded on our successful independent studio model and
invested in both the right people and resources to bolster our
portfolio of world-class sports experiences,” said Ismailer.
HB Studios’ most recent release for 2K, PGA TOUR
2K21 has sold-in nearly two million units to date. PGA TOUR
2K21 is a highly realistic golf simulation experience featuring
officially licensed PGA TOUR professionals, courses, gear and
apparel brands. PGA TOUR 2K21 is built around the belief
that golf is a game for everyone, whether you are a pro or looking
to try your luck for the first time.
PGA TOUR 2K21 is rated E for Everyone by the ESRB. For
more information on PGA TOUR 2K21 and 2K, visit
PGATOUR2K21.com, become a fan on Facebook, follow the game on
Twitter and Instagram using the hashtag #PGATOUR2K21 or subscribe
on YouTube.
HB Studios is a 2K studio. 2K is a publishing label of Take-Two
Interactive Software, Inc. (NASDAQ: TTWO).
All trademarks and copyrights contained herein are the property
of their respective holders.
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. We develop and
publish products principally through Rockstar Games, 2K, Private
Division, and Social Point. 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 2K
Founded in 2005, 2K develops and publishes interactive
entertainment for video game consoles, personal computers and
mobile devices, with product availability including physical retail
and digital download. The Company is home to many talented
development studios, including Visual Concepts, Firaxis Games,
Hangar 13, Cat Daddy Games, 31st Union, Cloud Chamber and, upon the
closing of the acquisition, HB Studios. 2K’s portfolio currently
includes several AAA, sports and entertainment brands, including
global powerhouse NBA® 2K; renowned BioShock®, Borderlands®, Mafia,
Sid Meier’s Civilization® and XCOM® brands; popular WWE® 2K and
WWE® SuperCard franchises; as well as the critically and
commercially acclaimed PGA TOUR® 2K. Additional information about
2K and its products may be found at 2k.com and on the Company’s
official social media channels.
About HB Studios
Founded in 2000 by Jeremy Wellard and headquartered in
Lunenburg, Nova Scotia, Canada, HB Studios specializes in creating
console, mobile, and PC games. With the release of PGA TOUR
2K21, HB Studios has shipped over 51 titles selling more than
30.5 million units and contributed to 21 others. More information
about HB Studios and its products can be found at
www.hb-studios.com.
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: the
uncertainty of the impact of the COVID-19 pandemic and measures
taken in response thereto; the effect that measures taken to
mitigate the COVID-19 pandemic have on our operations, including
our ability to timely deliver our titles and other products, and on
the operations of our counterparties, including retailers and
distributors; the effects of the COVID-19 pandemic on consumer
demand and the discretionary spending patterns of our customers;
the impact of reductions in interest rates by the Federal Reserve
and other central banks, including on our short-term investment
portfolio; the impact of potential inflation; volatility in foreign
currency exchange rates; 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; our
ability to successfully integrate HB Studio’s operations and
employees; 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: https://www.businesswire.com/news/home/20210316005275/en/
Al Stavola 2K (415) 483-8453 al.stavola@2k.com
Nathan Rillo FINN Partners for 2K (310) 552-4145
nathan.rillo@finnpartners.com
Alan Lewis (Corporate Press) Take-Two Interactive Software,
Inc. (646) 536-2983 alan.lewis@take2games.com
Mark Stevens PGA TOUR (904) 861-5112
markstevens@pgatourhq.com
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