World-renowned Japanese development team
creating ambitious new action-adventure IP
Private Division, a publishing label of Take-Two Interactive
Software, Inc. (NASDAQ: TTWO), today announced a partnership to
publish a new title from Game Freak. Founded in 1989, the Japanese
development company has created dozens of hit games, including more
than 30 entries in the Pokémon franchise, which is widely
recognized as one of the best-selling game series of all time.
Private Division will publish a brand-new action-adventure IP from
Game Freak, codenamed Project Bloom. To celebrate this
announcement, Private Division and Game Freak have unveiled the
first piece of concept art for the game.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230509005055/en/
Private Division, a publishing label of
Take-Two Interactive Software, Inc. (NASDAQ: TTWO), today announced
a partnership to publish a new title from Game Freak. (Graphic:
Business Wire)
“We’re thrilled to have the opportunity to create new IP that is
bold and tonally different from our prior work,” said Kota
Furushima, Director at Game Freak. “From the beginning, Private
Division was the publisher we wanted to work with on our new game.
Their track record and global expertise give us all the confidence
to create a sweeping new action-adventure game that we can’t wait
to share more about in the future.”
“Over the past three decades, you’d be hard pressed to find a
studio which has released more iconic hits than Game Freak,” said
Michael Worosz, Chief Strategy Officer, Take-Two Interactive, and
Head of Private Division. “We’re ready to help Game Freak unleash
their potential and we’re honored to be the first Western publisher
to work alongside this exceptionally talented and proven team to
bring a bold new IP to market.”
Project Bloom is in early development and does not yet have an
announced release date. It is expected to launch during Take-Two’s
Fiscal Year 2026. Private Division and Game Freak look forward to
sharing more details about this game in the future.
To stay up to date on announcements from Private Division, sign
up for the newsletter:
https://www.privatedivision.com/newsletter/
Private Division is a publishing label of Take-Two Interactive
Software, Inc. (NASDAQ:TTWO).
About Game Freak
Game Freak is the creator of "Pokémon" and the developer of the
original "Pokémon" game series. The "Pokémon" series has sold 297
million units worldwide (as of March 2022), the largest cumulative
total for an RPG. Outside of video games, the series has also been
adapted into such media as card games, anime, movies, and
merchandise to be enjoyed around the globe. In recent years, the
company has been actively developing new titles in addition to the
"Pokémon" series.
About Private Division
Private Division is a developer-focused publisher that partners
with the finest creative talent in the video game industry,
empowering studios to develop the games that they are passionate
about creating, while providing the support that they need to make
their titles critically and commercially successful on a global
scale. The Label publishes the Kerbal Space Program franchise,
Ancestors: The Humankind Odyssey from Panache Digital Games, The
Outer Worlds from Obsidian Entertainment, OlliOlli World and
Rollerdrome from Roll7, After Us from Piccolo Studio, and more.
Private Division has future unannounced projects in development
with Moon Studios, Evening Star, Yellow Brick Games, Wētā Workshop,
Game Freak, and other esteemed independent developers. The Label
publishes the physical retail edition of Hades from Supergiant
Games on PlayStation® and Xbox consoles. Private Division continues
to build its internal studio capacity, with Roll7 and Intercept
Games as internal developers for the Label. Private Division is
headquartered in New York City with offices in Seattle, Las Vegas,
Munich, and Singapore. For more information, please visit
www.privatedivision.com.
About Take-Two Interactive
Software
Headquartered in New York City, Take-Two Interactive Software,
Inc. is a leading developer, publisher, and marketer of interactive
entertainment for consumers around the globe. The Company develops
and publishes products principally through Rockstar Games, 2K,
Private Division, and Zynga. Our products are currently designed
for console gaming systems, PC, and Mobile including smartphones
and tablets, and are delivered through physical retail, digital
download, online platforms, and cloud streaming services. The
Company’s common stock is publicly traded on NASDAQ under the
symbol TTWO.
All trademarks and copyrights contained herein are the property
of their respective holders.
Cautionary Note Regarding Forward-Looking Statements
Statements contained herein which are not historical facts are
considered forward-looking statements under federal securities laws
and may be identified by words such as "anticipates," "believes,"
"estimates," "expects," "intends," "plans," "potential,"
"predicts," "projects," "seeks," “should,” "will," or words of
similar meaning and include, but are not limited to, statements
regarding the outlook for the Company's future business and
financial performance. Such forward-looking statements are based on
the current beliefs of our management as well as assumptions made
by and information currently available to them, which are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict. Actual outcomes and results may vary
materially from these forward-looking statements based on a variety
of risks and uncertainties including: risks relating to our
combination with Zynga; the uncertainty of the impact of the
COVID-19 pandemic and measures taken in response thereto; the
effect that measures taken to mitigate the COVID-19 pandemic have
on our operations, including our ability to timely deliver our
titles and other products, and on the operations of our
counterparties, including retailers and distributors; the effects
of the COVID-19 pandemic on both consumer demand and the
discretionary spending patterns of our customers as the situation
with the pandemic continues to evolve; the risks of conducting
business internationally; the impact of changes in interest rates
by the Federal Reserve and other central banks, including on our
short-term investment portfolio; the impact of inflation;
volatility in foreign currency exchange rates; our dependence on
key management and product development personnel; our dependence on
our NBA 2K and Grand Theft Auto products and our ability to develop
other hit titles; our ability to leverage opportunities on
PlayStation®5 and Xbox Series X|S; the timely release and
significant market acceptance of our games; the ability to maintain
acceptable pricing levels on our games; and risks associated with
international operations.
Other important factors and information are contained in the
Company's most recent Annual Report on Form 10-K, including the
risks summarized in the section entitled "Risk Factors," the
Company’s most recent Quarterly Report on Form 10-Q, and the
Company's other periodic filings with the SEC, which can be
accessed at www.take2games.com. All forward-looking statements are
qualified by these cautionary statements and apply only as of the
date they are made. The Company undertakes no obligation to update
any forward-looking statement, whether as a result of new
information, future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230509005055/en/
Brian Roundy Global Director Communications Private
Division (646) 536-2936 press@privatedivision.com Alan Lewis
(Corporate Press) Vice President Corporate Communications &
Public Affairs Take-Two Interactive Software, Inc. (646)
536-2983 Alan.Lewis@take2games.com
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