Take-Two Restructuring, GTA 4 On October 16


Posted June 12, 2007 - By jmanalang

With a new board behind the company’s steering wheel, Grand Theft Auto publisher Take-Two decided to make a detour with their organizational structure. Gamespot reports that Take-two announced today the first details of their restructuring plan to maximize the company’s profits.

According to Gamespot, the restructuring would result into four primary aspects:

  • To consolidate the company’s marketing, sales and operational functions based on what they do rather than where they are in order.
  • Label and studio staff (human resources, legal, IT) would have to now report directly to the corporate level to increase accountability.
  • Management, marketing, and business development operations of 2K Games and 2K Sports will be consolidated on the West Coast.
  • The company’s third-party PC distribution business will be folded into its North American sales operations.

Unfortunately, employee layoffs will also be part of the restructuring. Company CEO Ben Feder said in a statement:

"While the decisions we are announcing today were difficult and will unfortunately require employee layoffs, we believe these necessary actions will improve the financial and operational performance of Take-Two, leading to greater value for our shareholders."

However, despite the major changes in the company, Grand Theft Auto IV was reconfirmed for an October 16 release by executives during a conference call. This announcement will nullify any previous speculations of the game being delayed this year. Feder said he expects Grand Theft Auto IV to have a ‘beneficial impact’ on Playstation 3 sales.

Another major company change, another set of employee lay-offs. It’s a cruel world out there, but at least we’ll get some GTA IV this year to release some tension…

GameSpot: Take-Two Restructuring, Not Delaying GTA 4

Take-Two Restructuring, GTA 4 On October 16


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