Take-Two Interactive says they "may lead to loss of players and revenues, additional advertising and marketing costs, and reputation harm."
Grand Theft Auto 5 and Red Dead Redemption 2 set new standards for realism in open-world games, but how much farther can it go?
The company is reportedly also looking to sell off the Kerbal Space Program IP, but hasn't been able to find a buyer yet.
"We narrowed the timing because we are highly confident in that timing," says Strauss Zelnick, CEO of Rockstar parent company Take-Two.
The cancelled titles "were not expected to materially affect our net bookings growth," says Take-Two president Karl Slatoff.
Sales for Rockstar's 2013 open world title continue to impress. The series as a whole has sold over 425 million units to date.
PC is the only modern gaming platform without any legitimate way of playing the original Red Dead Redemption.
Recent reports revealed that the company had shuttered two Private Division studios in the form of Intercept Games and Roll7.
The studio, which was acquired by Private Division in 2021, is being shuttered as part of Take-Two Interactive's mass layoffs, it's been claimed.
A Washington State WARN notice suggests that Intercept Games has been shut down as part of ongoing Take-Two Interactive layoffs.
The developer cites "unsatisfactory results of the evaluation of the scope and commercial potential of the project" as the reason behind its cancellation.
Take-Two is the parent company of Rockstar Games, 2K, Private Division, Zynga, and more.
Rockstar's next Grand Theft Auto is finally upon us, but amid the hype, there's some worry that it may not cater to everyone.
The company confirmed reports of layoffs after its $460 million sale to Take-Two Interactive, though it didn't comment on their extent.
Of the five sequels that are in development, only one – Homeworld 3 – has been officially announced thus far.
Within hours of news breaking that Gearbox had been sold by Embracer Group, several staff members were informed they were being laid off.
The publisher will own the Borderlands, Tiny Tina's Wonderlands, Homeworld, Risk of Rain, Duke Nukem and Brothers in Arms series.
"We have always prided ourselves on being the most efficient company in the entertainment business,” says Take-Two's Strauss Zelnick.
As per Sony, PS5 had sold 50 million units worldwide as of December 9, which would mean Xbox Series X/S sales likely stand somewhere roughly in the 24-25 million range.
"The legal filing was simply an initial formality, and Remedy and Take-Two continue to work together in partnership," a Remedy rep has said.
