Take-Two Interactive Software announced today that it has established a new incentive compensation program for the Rockstar Games label that is primarily based on a profit sharing arrangement, and at the same time has entered into new long-term employment agreements with members of the creative team of its wholly owned Rockstar Games publishing label. New employment agreements have an initial term ending on Jan. 31, 2012.

Rockstar Games team members entering into the new agreement include Sam Houser, Dan Houser and Leslie Benzies, as well as several other key members of the creative team behind the renowned GTA series.

Take-Two has also 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.

“We’re delighted with the extension and expansion of Take-Two’s relationship with the Rockstar team,” stated Strauss Zelnick, Chairman of Take-Two.”The talent and creativity at Rockstar are unparalleled in our industry. Their dedication to making extraordinary games has captured the enthusiasm of millions of fans around the world and has contributed enormously to establishing Take-Two as a force in the global video game marketplace…”

Sam Houser, Founder and Executive Producer of Rockstar Games, added, “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.”

With these two companies standing side by side, the possibilities are almost endless. Gamers around the world are sure to benefit from this agreement. We here at GamesAreEvil are sure looking forward to what comes of this.

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