Rockstar creative talent tied to Take-Two until 2012

Take-Two Interactive Software has announced it has established a new incentive compensation program for the Rockstar Games label that is primarily based on a profit sharing arrangement, and entered into new long-term employment agreements with members of the creative team of Rockstar Games. The new employment agreements have an initial term ending on January 31, 2012.

Those entering into new long-term employment agreements are Sam House, Dan Houser and Leslie Benzies, as well as other key members of the creative team behind the Grand Theft Auto series.

Additionally, Take-Two has agreed to fund the future development of certain new intellectual property to be owned by a newly formed company controlled by key Rockstar Games team members and published exclusively by Take-Two.

Strauss Zelnick, Chairman of Take-Two, commented, “We’re delighted with the extension and expansion of Take-Two’s relationship with the Rockstar team. The talent and creativity at Rockstar are unparalleled in our industry.”

He added: “In addition, this new chapter in our successful relationship further aligns the interests of our creative teams with those of our shareholders.”

Sam Houser, Founder and Executive Producer of Rockstar Games, commented: “The entire Rockstar team has always been dedicated to making groundbreaking games with unprecedented production values, style and depth. We are excited to continue our partnership with the new management team at Take-Two, who have helped us to protect the unique atmosphere that fosters creativity and innovation.”