Take-Two closing BioShock studio. Shares up on Einhorn disclosure.


Take-Two (TTWO +5.2%) is shutting down its Irrational Games studio, responsible for BioShock and BioShock Infinite. Studio chief Ken Levine states all but 15 of Irrational's employees will be laid off, and that he'll be "starting a smaller, more entrepreneurial endeavor at Take-Two."

Levine says Take-Two will eventually "announce a new endeavor with a new goal: To make narrative-driven games for the core gamer that are highly replayable." He adds the effort "will focus exclusively on content delivered digitally."

Shares have rallied today following news David Einhorn amassed a 3%+ stake in the game developer in Q4.

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Comments (3)
  • Neosephiroth86
    , contributor
    Comments (277) | Send Message
     
    Good move! Infinite sucked in my opinion. All the resources should be invested in the GTA franchise BUT it has not to become a yearly franchise. A once-every-3-years release could be the sweet spot. QUALITY before everything else!
    18 Feb 2014, 03:39 PM Reply Like
  • Island_Dweller
    , contributor
    Comments (641) | Send Message
     
    Infinite was a very strong, critically acclaimed release. The studio behind it being dissolved is a cause for concern, but when the information is completely understood, it's not a bad thing at all. Bioshock will still be a TTWO title and development will continue under a different studio within the parent company. Good news.

     

    Further, the news that while the studio will be no more the chief is not leaving the company but rather gather a crack team under his leadership to develop new story driven IP with replay value and digital content will be a focus. Also good news.

     

    Had the studio chief left the company would be another matter entirely.
    18 Feb 2014, 09:22 PM Reply Like
  • Neosephiroth86
    , contributor
    Comments (277) | Send Message
     
    The first Bioshock rocked, it has been one of the best videogames I have ever played. The sequels have been so-so, in my opinion
    19 Feb 2014, 01:57 AM Reply Like
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