Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 31, 2020
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Max Payne Brand Sold To Take-Two For $34 Million

May 23, 2002 | By

May 23, 2002 | By
Comments
    Post A Comment
More: Console/PC



The purchase consists of $10 million cash and 969,932 shares of stock, valued at $24 million at yesterday's closing share price. Max Payne has sold more than 2.75 million units worldwide across all platforms since its launch last year.

For its $34 million, Take-Two acquires the Max Payne brand and all intellectual property rights associated with the brand, including trademarks, copyrights, characters, perpetual license to utilize proprietary technologies (including the Max Payne game engine), and rights to license fees from ancillary Max Payne brand extensions such as cinema, television and literary productions.

"This is a precedent-setting deal for Take-Two, Remedy and 3D Realms - the first time in our industry a highly successful IP alone has changed ownership hands. This deal validates our strategy for developing strong character-based games," said Scott Miller, CEO of Apogee/3D Realms.

Take-Two also announced that it is developing a sequel to Max Payne, which will be available in 2003. It is being developed by Rockstar Games in conjunction with Remedy Entertainment.


Related Jobs

Insomniac Games
Insomniac Games — Burbank, California, United States
[10.30.20]

Technical Artist
Deep Silver Volition
Deep Silver Volition — Champaign, Illinois, United States
[10.30.20]

Junior Gameplay Programmer
Remedy Entertainment
Remedy Entertainment — Espoo, Finland
[10.30.20]

UX Designer
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[10.29.20]

Narrative Writer









Loading Comments

loader image