The previous contract between the two parties was set to expire next year.
The new contract will have the key Rockstar Games team members establish a new company, develop new IP, keep the ownership and have Take-Two as the exclusive publisher.
“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,” said Strauss Zelnick, Chairman of Take-Two.”In addition, this new chapter in our successful relationship further aligns the interests of our creative teams with those of our shareholders."
This is a good deal, indeed. If future games sell well, the new company will be reaping the benefits and not just the monthly paycheck.