Take-Two CEO Denies Closure of Studios Amidst Cost-Cutting Measures

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ICARO Media Group
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17/05/2024 19h14

In a recent interview with IGN, Take-Two CEO Strauss Zelnick addressed reports suggesting that the publisher planned to shut down Private Division studios Roll7 and Intercept Games. Zelnick claimed that the studios have not been closed, but failed to provide further clarification on their current status.

Last month, Take-Two announced its plans to cut around 5% of its workforce, amounting to approximately 600 jobs, as part of cost-cutting measures. These measures also included the cancellation of undisclosed game projects. Following this announcement, a Bloomberg report revealed that Roll7, the London-based developer behind OlliOlli and Rollerdrome, and Intercept Games, the developer of Kerbal Space Program 2 based in Seattle, were among the casualties of this restructuring.

However, Zelnick's comments in the recent interview seemed to contradict the reports. He stated, "We didn't shutter those studios, to be clear," implying that neither Roll7 nor Intercept Games had been closed. However, he did not provide any additional information about their current status.

When pressed about the reports, a Take-Two PR representative intervened and mentioned that the company's 8-K filing indicated a reduction of approximately 5% in their global workforce. However, no specific details were given regarding the fate of Roll7 or Intercept Games.

The lack of clarity regarding the studios' status raises questions about their future within Take-Two's plans. As part of their cost reduction program, Take-Two aims to save $165 million in existing and future costs. While Zelnick emphasized the need to review the release schedule of all their studios to ensure efficiency, no further details about the reported closures were provided.

Take-Two acquired Roll7 in November 2021, with Private Division expressing their intention to empower the studio in continuing to create their distinctive "flow state gaming" experiences. The company's silence on the matter leaves fans and employees of both studios eagerly waiting for an official statement or clarification.

As of now, Take-Two's stance remains unchanged, with their PR representative reiterating that no additional information has been given regarding the studios' status. The gaming community and industry experts will continue to closely monitor this situation as further developments unfold.

Note: The generated article is based solely on the information provided and may not reflect the complete and accurate picture of the situation.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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