![]() ![]() The timing of Houser’s departure is very curious the announcement came just two days before Take-Two’s earnings call, and was done in a SEC filing rather than via an official blog or social media posting. The ensuing lawsuit-concerned with allegations of withholding profits-lasted for nearly three years, and eventually came to a confidential settlement in February of last year. In 2016, it was announced that Benzies had left Rockstar, a development which came amidst a very public dispute with the Houser brothers. “I think I was probably on the right track back in 2007, but Take-Two signed the Housers and Les Benzies to a lucrative contract in 2009 which has been periodically renewed, so I no longer think they will split away,” Pachter told GameDaily via email. However, Take-Two offered Houser, his brother Sam, and former Rockstar North president Leslie Benzies advantageous contracts in that year, putting an end to the rumors. Among them was Michael Pachter, managing director of equity research at Wedbush Securities, who predicted that such a split would happen in 2009. Dan Houser (Source: Sky News)įor some time back in the 2000s, some analysts were expecting Rockstar to go independent and split entirely from Take-Two. That said, market analysts are not anticipating any long-term negative impact on Take-Two, although Seeking Alpha is hesitant to declare one way or the other, citing Rockstar’s historical secrecy regarding its upcoming projects. Compounding the worries is the fact that the developer currently has not announced a new game for the upcoming fiscal year. Market reaction to Houser’s upcoming departure has been immediate at the time of publication, share prices of Take-Two Interactive-of which Rockstar is a subsidiary-had fallen just over 5.3%and were continuing to drop. ![]() Rockstar Games has built some of the most critically acclaimed and commercially successful game worlds, a global community of passionate fans and an incredibly talented team, which remains focused on current and future projects.” We are extremely grateful for his contributions. Dan Houser’s last day will be March 11, 2020. “After an extended break beginning in the spring of 2019, Dan Houser, Vice President, Creative at Rockstar Games, will be leaving the company. He will remain with the company until March 11. No reason for the leave and eventual departure has been given. According to the filing, Houser took an extended leave from his duties at Rockstar beginning in the spring of 2019. Securities and Exchange Commission, which are typically used to notify shareholders about changes within the company that might impact them. The announcement came yesterday via a form 8-K filing with the U.S. Take-Two shares have been declining all day.ĭan Houser, co-founder and vice president of creative at Rockstar, is leaving the company after more than 20 years. Proactive has produced over 300,000 articles and 20,000 executive interviews since it was established in 2006.Houser co-founded Rockstar in 1998, and has been the lead writer on the Grand Theft Auto and Red Dead Redemption series. In 2020, Proactive featured in 809 million search results, our content was viewed over 165 million times and our readers spent over 10 million hours on our websites. With six offices on three continents, Proactive works with innovative growth companies quoted on the world’s major stock exchanges, helping executives to engage intelligently with investors. Amur Minerals confirms plans for dividend and future click hereĪbout Proactive:Proactive is a unique tech-enabled platform providing companies globally with a comprehensive investor engagement solution across their business lifecycle.Regency Silver completes summer 2022 drill program at Dios Padre Property in Mexico click here.CleanSpark inks deal to acquire turnkey bitcoin mining facility in Georgia click here.Zinc8 Energy Solutions raises $1.8M through exercise of warrants click here.Rockstar Games poised to hang up Grand Theft Auto Online for good click here. ![]() ![]()
0 Comments
Leave a Reply. |