Take-Two Renews Contract With Rockstar Games Creatives

Publisher gets to live another day.

Posted by Staff
Take-Two Renews Contract With Rockstar Games Creatives
Today is a good day for Take-Two Interactive, which posted some positive financials last night and managed to keep a hold of Sam Houser, Dan Houser and Leslie Benzies of Rockstar Games. At least, for a little bit longer.

The Houser brothers and Benzies "have agreed to renew their long-term employment agreements," according to Take-Two's investor report. "This team has been instrumental in the development and success of Take-Two’s extensive portfolio of multi-million unit internally-owned franchises." And don't they all know it.

Company profits for the year ended 31st March was also well up on last year, with a total of $53.8 million compared to last year's loss of $108.1 million. Net revenue grew 49 per cent year-on-year to $1.14 billion, and its digital revenue grew to $102 million accounting for 15 per cent of total net revenue. Strongest contributors were NBA 2K11, Top Spin 4, GTA IV: Complete, Red Dead Redemption and its expansion Undead Nightmare.

In more good news for Take-Two's management future, it was announced that Strauss Zelnick will remain as Chairman and CEO thanks to a new agreement with ZelnickMedia. Karl Slatoff will remain as COO of Take-Two. Zelnick's company is signed to "provide financial and management consulting services to the Company through May 31, 2015."

What will happen after that date? Another renewal of contracts, we're sure. Read the rest of the investor filing here.


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