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Matt Donnelly Senior Film Writer Legendary improv and sketch comedy haven The Second City has named Ed Wells as chief executive officer. The former global head of media and education for Sesame Workshop joins the company to drive strategic growth in areas including content creation, distribution and consumer products. It’s a no-brainer for the incubator to comedy all-stars like Bill Murray, Tina Fey, Chris Farley, Tim Meadows, Amy Poehler, Jason Sudeikis, Eugene Levy and Keegan-Michael Key. At Sesame, where Wells also served as executive vice president, he oversaw an aggressive international expansion for all things Elmo and Big Bird.

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Take-Two Buys Gearbox, Company Behind The Borderlands Franchise, From Embracer For $460 Million

Video game publisher Take-Two Interactive Software has acquired Gearbox Entertainment, the company behind the Borderlands franchise, for $460 million in an all-stock deal with Embracer, the latest big deal in the video game business.

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Take-Two Interactive to Acquire ‘Borderlands’ Developer Gearbox From Embracer Group for $460 Million

Jennifer Maas TV Business Writer Take-Two Interactive has acquired video game developer Gearbox, the maker of the “Borderlands” franchise, from Embracer Group for $460 million. Per Take Two, the company “expects the transaction to deepen its successful relationship with Gearbox Entertainment and to provide increased financial benefits through a fully-integrated operational structure.” As part of the deal, Take-Two will acquire Gearbox IP, including “Borderlands” and “Tiny Tina’s Wonderlands” franchises, games published by Take-Two’s 2K Games, as well as “Homeworld,” “Risk of Rain,” “Brothers in Arms” and “Duke Nukem.” Currently, Gearbox has six “key interactive entertainment projects in various stages of development,” per Take Two, which includes five sequels, two from “Borderlands” and “Homeworld” universes, and at least one “exciting new intellectual property,” all of which have been acquired in the sale.

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11.11.2020 / 08:20

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Take-Two Interactive to Purchase British Game Developer Codemasters

Video game publisher Take-Two Interactive, the parent company of Rockstar and 2K Games, has reached an agreement to purchase British developer Codemasters. The $994 million deal is exepected to close during the first quarter of next year.

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Take-Two charges “much less” than its games are worth, says CEO

Take-Two Interactive, the parent company of popular video games studios like Rockstar Games and 2K Games, believes it charges less than its games are worth.During a financial update with investors on November 4, CEO Strauss Zelnick said that he believes consumers currently pay less than what the company’s games are actually worth. “We deliver the highest quality experiences in the business, and we charge much less for them than we believe they are worth to consumers,” he said, per PC Gamer.The Take-Two CEO’s comment was in response to a question about the rise of free-to-play games, such as Activision’s Call Of Duty: Warzone, and whether the company was considering a similar move.

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Take-Two Interactive plans to release 93 games over the next five years

47 of them come from existing franchises

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Strauss Zelnick: Last News

Take-Two Buys Gearbox, Company Behind The Borderlands Franchise, From Embracer For $460 Million

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