It looks like Grand Theft Auto 6won't be releasing until late 2025, according to publisher Take-Two Interactive's latest financial report.
Take-Two reportedly closing Private Division studios Roll7 and Intercept Games
01.05.2024 - 20:47 / videogameschronicle.com / Tom Ivan / Private Division
Take-Two is reportedly planning to shut down Private Division studios Roll7 and Intercept Games as part of recently announced restructuring.
Last month, the publisher said it planned to lay off 5% of its workforce, or around 600 people, as part of cost-cutting measures that would also result in the cancellation of unnamed game projects.
Two casualties of this restructuring are Roll7, the London-based developer behind OlliOlli and Rollerdrome, and Seattle-based Intercept Games, which developed Kerbal Space Program 2, according to documentation seen by Bloomberg.
After reports of Intercept Games’ closure began circulating online, a spokesperson for Take-Two had earlier refused to comment on the status of the studio.
“On April 16th, Take-Two announced a cost reduction program to identify efficiencies across its business and to enhance the Company’s margin profile, while still investing for growth,” they told Game Developer.
“As part of these efforts, the Company is rationalizing its pipeline and eliminating several projects in development and streamlining its organizational structure, which will eliminate headcount and reduce future hiring needs. The Company is not providing additional details on this program.
“On April 18th Private Division successfully launched Moon Studio’s No Rest for the Wicked,” the statement continued.
“The label continues to make updates to Kerbal Space Program 2 and plans to release Wētā Workshop Game Studio’s Tales of the Shire: A The Lord of the Rings Game in the second half of 2024.”
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