Fly in my eyE

Take-Two's $25M Deal to Secure GTA Future

From Next-Gen:

Take-Two has signed a three-year $25 million employment agreement with "key Rockstar personnel" in an effort to safeguard the creative engine behind its most valuable franchise, Grand Theft Auto.

The agreement, outlined in a 10-Q filing yesterday, is for a three-year term, and provides for the payment of $25 million in restricted stock, plus unspecified internal royalties.

The 10-Q explores the value of Rockstar's creative heads, and the risk to the company of any failure to offer a decent package to GTA's bosses. It states, "We rely on our management and other key personnel for the successful operation of our business. In particular, we are highly dependent on the expertise, skills and knowledge of certain of our Rockstar employees responsible for content creation and development of Grand Theft Auto and other titles."

posted by Agent 1138 @ 11:09 AM