Take-Two CEO on Intercept, Roll7: 'We Didn't Shutter Those Studios'

Take-Two CEO Strauss Zelnick clarified that the company has not shuttered Intercept Games and Roll7, despite implementing a cost reduction program that includes layoffs and project cancellations. Reports had indicated closures, but Zelnick insists the studios have not been closed, though they are undergoing evaluations as part of broader cost-saving measures. This comes amid a significant financial report revealing a net loss for Take-Two, juxtaposed with the anticipation of future game releases including Grand Theft Auto 6.