New Management Takes Over Take-Two’s Private Division Indie Games

New Management for Private Division Games

In a significant shake-up in the gaming industry, the games originally published under Private Division, the indie label of Take-Two Interactive, are now under the management of a fresh team. Recent reports from Bloomberg confirm that former employees of Annapurna Interactive have united to establish a new, yet-unnamed company tasked with taking over Private Division's games portfolio.

The Transition of Ownership

Last year marked a pivotal moment for Private Division as Take-Two Interactive sold the indie label to an undisclosed buyer, revealed to be Haveli Investments, a private equity firm based in Texas. As this transition unfolded, the staff at Annapurna Interactive, the gaming branch of Annapurna Pictures, dramatically resigned, raising uncertainties surrounding its own collection of game titles.

Resignation and Reformation

The mass resignation from Annapurna Interactive emerged after stalled negotiations aimed at spinning off the studio into a standalone entity. This unexpected turn of events prompted former Annapurna employees to collaborate with Haveli Investments, resulting in the formation of a new company.

Layoffs and Future Prospects

Despite this promising start, there are indications that existing employees of Private Division may face layoffs, although specific details about these layoffs remain ambiguous. As the new company takes the helm, it will oversee both ongoing and upcoming titles associated with Private Division.

Upcoming Titles Under New Management

Among the games that the new management will handle is Tales of the Shire, a unique blend of Lord of the Rings and Animal Crossing, scheduled for release in March. Additionally, the management will oversee a thrilling new project from Game Freak, tentatively codenamed Project Bloom.

Conclusion

This restructuring within Private Division signifies an exciting yet uncertain era for both the management and the fans eagerly awaiting the new titles. As the gaming landscape evolves, industry enthusiasts will remain attentive to further developments from this newly formed company.