Texas team to be rebranded as Visual Concepts
Austin and begin recruiting to support world-renowned NBA®
2K video game franchise
2K today announced the Company has acquired HookBang, LLC’s
Austin-based video game division that will become part of Visual
Concepts, the distinguished, wholly-owned studio and developer of
the iconic NBA® 2K video game franchise. Financial terms
were not disclosed.
The acquired team, under the new name of Visual Concepts Austin,
will join the developer’s family of current locations in the San
Francisco Bay Area, greater Los Angeles and Orange County, Calif.,
as well as Vancouver, Seoul, Shanghai, and Budapest. The studio
will operate from a to-be-announced new location in the Austin,
Texas metropolitan area and plans to employ hundreds of developers
to support NBA 2K, as well as the Company’s expanding
publishing business. The acquisition also marks 2K’s ongoing
efforts to identify talented development teams around the world to
join 2K and increasing its portfolio of interactive entertainment
offerings.
Founded in 2012 as a solutions-based collective of engineers,
artists and designers that provide full-service software design and
development for brands, agencies and technology companies,
HookBang, LLC recently partnered with Visual Concepts to provide
art, design and engineering support for NBA® 2K21, the
standard bearer for sports simulation video games. As Visual
Concepts Austin, the team will expand its efforts on the NBA
2K franchise, including platform development and live services
support.
“Working with a studio as prominent as Visual Concepts on NBA
2K21 was an extraordinary opportunity for HookBang,” said Frank
Roan, CEO at HookBang. “Formally joining Visual Concepts and 2K
allows us to accelerate our impact on the product, the company and
the Austin development community.”
“NBA 2K is a vital part of 2K’s publishing business and
the larger video game industry, as well as a fixture in global pop
culture lexicon,” said Greg Thomas, President at Visual Concepts.
“We have made many investments in NBA 2K over the years,
each of which has helped us reach new heights. HookBang has
partnered with us on NBA 2K for the past couple of years,
and we’re pleased to welcome its talented team to the Visual
Concepts family.”
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
https://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 Company’s recently announced 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.
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 HookBang’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 https://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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210323005103/en/
Jaime Jensen 2K (415) 507-7910 jaime.jensen@2k.com
Alan Lewis (Corporate Press) Take-Two Interactive Software,
Inc. (646) 536-2983 alan.lewis@take2games.com
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