Take-Two Closes Two Game Studios Amid Cost-Cutting Measures

Take-Two Interactive shuts down Roll7 and Intercept Games, developers of Kerbal Space Program 2, as part of extensive cost-reduction efforts.

Recent reports from May 2 indicate that Take-Two, in an effort to cut costs and boost efficiency, announced last month its plan to lay off 5% of its workforce, approximately 600 employees. This reduction is also expected to halt several unannounced game projects. The company anticipates that these measures will save about $165 million annually, which equates to roughly INR 13.75 billion.

Take-Two, the conglomerate behind subsidiaries such as 2K and Rockstar Games, is renowned for popular titles like “Grand Theft Auto,” “Red Dead Redemption,” “BioShock,” “Borderlands,” “Civilization,” and “NBA 2K,” among others.

Furthermore, a Bloomberg-obtained internal document reveals that Take-Two intends to shut down two gaming studios within its Private Division label. These include Roll7, a London-based studio known for “OlliOlli” and “Rollerdrome,” and Seattle’s Intercept Games, developers of “Kerbal Space Program 2.”

A representative from Take-Two stated on April 16 that the company initiated a cost reduction strategy aimed at enhancing efficiency across its operations and bolstering profit margins while continuing to invest in growth.

This strategy involves refining development processes, discontinuing several ongoing projects, and restructuring the organization to minimize personnel and future recruitment needs. The company has opted not to disclose more details about this plan.

Additionally, on April 18, Private Division successfully released Moon Studio’s “Enduring Malice.” The publisher is also updating “Kerbal Space Program 2” and plans to launch “The Lord of the Rings: Legends of the Shire,” developed by Weta Workshop, in late 2024.

It’s noted that Take-Two acquired Roll7 in November 2021, with Private Division expressing intent at the time to empower the studio to continue crafting distinctive immersive gaming experiences.

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It was also reported by Bloomberg that Take-Two transferred the “Kerbal Space Program 2” project from its original developer, Star Theory, to the newly established internal studio, Intercept, which eventually led to the latter’s closure.

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Deepanker Verma is a well-known technology blogger and gadget reviewer based in India. He has been writing about Tech for over a decade.

Take-Two Closes Two Game Studios Amid Cost-Cutting Measures

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