LogInThe CEO of Take-Two said that the projects operated by Private Division are "on the smaller side" while the company is "in the business of making great big hits."
Take-Two confirmed the sale of its indie publishing label Private Division in its latest financial results, though it didn't disclose the buyer or the price of this deal.
"We recently made the strategic decision to sell our Private Division label to focus our resources on growing our core and mobile businesses for the long-term. As part of this transaction, the buyer purchased our rights to substantially all of Private Division's live and unreleased titles," Take-Two CEO Strauss Zelnick says. The publisher will support No Rest for the Wicked, a souls-like APRG released in Early Access in April.
News regarding Take-Two's decision to sell or shut down Private Division appeared in June after the company shut down two studios as part of significant layoffs in May. The studios affected were Roll7, known for titles like OlliOlli World, and Intercept Games, a Seattle-based studio known for Kerbal Space Program 2.
Kerbal Space Program 2, Published by Private Division
When GamesIndustry.biz asked Zelnick for the reason behind the sale, he said: "We're really best at these big AAA experiences. We have the biggest intellectual properties in the interactive entertainment business, some of the biggest intellectual properties in the overall entertainment business and to make sequels to existing beloved franchises as well as to create new hit intellectual properties is our mission."
"… the scale of those projects was, candidly, on the smaller side, and we're in the business of making great big hits," he added.
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