jack-of-all-games
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Take-Two restructures corporate departments, studios untouched [update]
Update: We just received this statement from Take-Two: "While it is our policy not to comment on rumors and speculation, we wanted to clarify an erroneous report regarding our company. As part of Take-Two's stated goal to maximize the efficiency of our business, we initiated a targeted restructuring of our corporate departments only in order to better align our resources with our current goals. Some of these changes were associated with the pending sale of our Jack of All Games distribution business. To be clear, there were no reductions made at the studio level." Update 2: While MCV's report of reductions has been confirmed with Take-Two, the outlet's specific numbers – 20% or approximately 400 people – have been characterized as "inaccurate" by TTWO. The company has "not disclosed any actual reduction numbers."
Take-Two sells Jack of All Games
Take-Two announced the sale of Jack of All Games to software distribution mega-company Synnex. Jack of All Games, acquired by Take-Two in 1998, distributes games published by Take-Two (and its various brands) to retail. The sale is expected to be completed sometime in the first quarter of 2010, and will cost Synnex "$43.25 million, including $36.50 million in cash and up to an additional $6.75 million based on the achievement of certain items." In the announcement, Take-Two CEO Ben Feder indicated that the company will continue to work with Jack of All Games after the sale. Though at first this move would seem to be aimed at bringing money in during a period of disappointing performance, the company also reduced its forecasted first-quarter revenues, since it can no longer count money being brought in by Jack of All Games.
Left Behind Games signs distribution deal with Jack of All Games
On the surface, this is a post about Left Behind Games (you know, they make those Left Behind games?) signing a distribution deal with Jack of All Games. But really, the only interesting thing is that the author feels it necessary to name Wal-Mart specifically as the first major retailer carrying the games, even though of course it is.No, we really just wanted to supply you with a link to the official Left Behind game site and ask that you click the "Left Behind" button and watch the subsequent video. You can thank us after you check out the "in-game film."
