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Take-Two Interactive Software, Inc. today announced that it has
established a new incentive compensation program for the Rockstar
Games label that is primarily based on a profit sharing arrangement,
and at the same time has entered into new long-term
 employment
agreements with members of the creative team of its wholly-owned
Rockstar Games publishing label. The new employment agreements have
an initial term ending on January 31st, 2012.
Among the Rockstar Games team members entering into new long-term
employment agreements are Sam Houser, Dan Houser and Leslie Benzies,
as well as several other key members of the creative team behind the
renowned Grand Theft Auto series. This team has been
instrumental in the development and success of Take-Two's extensive
portfolio of multi-million unit internally owned franchises.
In addition, Take-Two has agreed to fund the future development of
certain new intellectual property to be owned by a newly formed
company controlled by key Rockstar Games team members and published
exclusively by Take-Two.
Strauss Zelnick, Chairman of Take-Two, commented, "We're delighted
with the extension and expansion of Take-Two's relationship with the
Rockstar team. The talent and creativity at Rockstar are
unparalleled in our industry. Their dedication to making
extraordinary games has captured the enthusiasm of millions of fans
around the world and has contributed enormously to establishing
Take-Two as a force in the global videogame marketplace and
advancing our goal to become the most creative and most innovative
company in the industry. In addition, this new chapter in our
successful relationship further aligns the interests of our creative
teams with those of our shareholders."
Sam Houser, Founder and Executive Producer of Rockstar Games, added,
"The entire Rockstar team has always been dedicated to making
groundbreaking games with unprecedented production values, style and
depth. We are excited to continue our partnership with the new
management team at Take-Two, who have helped us to protect the
unique atmosphere that fosters creativity and innovation." |
