Take-Two Interactive’s ‘Private Division’ will now be publishing games as the company has planned to start it just after the Q1 of 2019. Some of you might know about the upcoming RPG by Obsidian Entertainment which is a part of this new campaign.
As Take-Two is full of excessive resources, so Private Division will be taking care of the titles from top independent developers to market. TT has been working on this program for almost two years to build rapport with and signing developers before the announcement. Kerbal Space Program will now be under the Private Division’s label after Take-Two’s acquisition, as explained by Michael Worosz, Senior Vice President and Head of Independent Publishing at Take-Two:
We see a growing number of independent studios in our industry creating high-quality games based on new IP, and our focus is supporting these types of developers and projects, and ultimately bringing incredible experiences to gamers around the world.
The publisher has no plans on setting caps regarding budget, as it plans to move forward treating each case as unique. This means weighing up the risk to reward ratio independently before auctioning a new series. It will distinctly be less than the multi-million dollars that its parent company, Take-Two is known for, however.
With the investment risk for video games now easily eclipsing $100 million in development spend, it’s really hard to break new IP. You’re taking a new risk every time you try to bring IP to the market, and that’s a big cheque to write for something that is as yet unproven. This accomplishes a strategic goal of Take Two’s, where we’re helping to break new IP. But we’re offsetting that risk by virtue of lower development budgets, and also by virtue of working with these proven creative talents. From a strategy standpoint, it all lines up.