Sunday, 22 December 2024
25.7 C
Singapore

Take-Two Interactive sells Private Division to focus on core and mobile games

Take-Two Interactive sells the indie label Private Division to refocus on core and mobile games; the buyer remains undisclosed but has gained major titles.

Take-Two Interactive has announced the sale of its indie game label, Private Division, which is best known for publishing popular titles such as The Outer Worlds and OlliOlli World. This move comes after a summer of speculation surrounding within Private Division. The buyer and transaction amount have not been disclosed.

Take-Two’s spokesperson, Alan Lewis, explained that the company made a “strategic decision” to sell Private Division to refocus resources on Take-Two’s core and mobile gaming divisions. “As part of this transaction, the buyer purchased our rights to substantially all of Private Division’s live and unreleased titles,” Lewis added. This shift allows Take-Two to allocate more investment and attention to high-impact projects across its core brands and mobile .

Private Division’s new chapter and game portfolio

The buyer of Private Division, while still unnamed, will inherit a variety of titles within the indie label’s portfolio, which includes upcoming projects like Tales of the Shire, a farming simulation game set in The Lord of the Rings universe, and Project Bloom, an untitled game developed by Pokémon creators Game Freak. Notably, No Rest for the Wicked, an Early Access title released in April for PC, will remain under Take-Two’s support, meaning the buyer will not receive publishing rights for that title.

Private Division, formed to support independent game developers, achieved a solid reputation with several successful titles. However, reports have hinted that the label has recently experienced a challenging period marked by underwhelming releases. Bloomberg highlighted Kerbal Space Program 2, which was criticised by fans for being bug-ridden at launch, as an example of Private Division’s recent setbacks. Despite these challenges, Take-Two’s leadership maintains that Private Division made significant contributions to the indie game market and believes the team will continue to thrive under new ownership.

Take-Two’s focus on major titles and large-scale projects

While Take-Two acknowledges Private Division’s accomplishments, the company’s CEO, Strauss Zelnick, indicated that Take-Two’s focus remains on larger projects that have the potential to become blockbuster hits. In an interview with GamesIndustry.biz, Zelnick expressed appreciation for Private Division’s efforts, noting that “the team did a great job supporting independent developers and, almost to a one, every project they supported did well.” However, he pointed out that the indie projects tended to be smaller in scale than the major titles Take-Two is best known for, such as the highly anticipated Grand Theft Auto VI.

The sale of Private Division reflects Take-Two’s strategic shift toward expanding its mainstream and mobile portfolios, likely driven by the rapidly evolving gaming landscape and increased competition in the industry. The move also aligns with Take-Two’s recent emphasis on core brands, including the Grand Theft Auto and NBA 2K franchises and its successful ventures in the mobile gaming sector.

While Private Division’s buyer remains unnamed, Take-Two is expected to reveal further details soon, offering more insight into the future direction of both the indie label and its projects. In the meantime, Take-Two assures fans that it remains committed to supporting the remaining title, No Rest for the Wicked, under its publishing label. This sale signifies the beginning of a new chapter for Private Division that could allow it to reach its potential under the management of a new owner dedicated to indie game publishing.

Hot this week

OPPO introduces Reno13 series with MediaTek Dimensity 8350

OPPO to launch the Reno13 series with the new MediaTek Dimensity 8350, promising major AI and gaming performance enhancements.

OPPO Find X8 Pro captures iconic UEFA Champions League moments for fans and legends

OPPO extends its UEFA partnership with the Find X8 Pro, capturing unforgettable moments for football fans and legends like David Villa and Júlio César.

Mark Zuckerberg reveals Threads has over 100 million daily users

Threads hits a major milestone with over 100M daily users, outpacing competitors like Bluesky and rolling out new features to keep users engaged.

Square Enix confirms Final Fantasy VII Rebirth PC release for January 2025

Final Fantasy VII Rebirth will hit PC on January 23, 2025, with DLSS, VRR, and mod support. It promises enhanced visuals and thrilling gameplay.

China’s chip industry faces funding slump in 2024 amidst US tech rivalry

China's chip industry will see an over 30% funding drop in 2024 as US restrictions and domestic challenges reshape the semiconductor sector.

YouTube cracks down on misleading clickbait

YouTube is rolling out a new policy targeting misleading clickbait. To improve transparency, YouTube will remove videos with deceptive titles or thumbnails.

ZOWIE XL2566X+ review: A 400Hz esports monitor that redefines gaming performance

Experience unmatched gaming performance with the ZOWIE XL2566X+, featuring 400Hz refresh rate and DyAc 2 for esports excellence.

Google Keep might become an essential Android app

Google Keep might become a core Android app in Android 16, making it uninstallable without root access and potentially gaining new features.

8BitDo introduces a smaller Xbox controller for compact comfort

8BitDo’s Ultimate Mini Xbox controller is a smaller, lighter option for gamers with smaller hands. It features Hall effect joysticks and LED lighting.

Related Articles

Popular Categories