Take-Two Interactive, the parent company of Private Division, has announced the closure of two subsidiary studios: Roll7 in London and Intercept Games in Seattle. The news comes as part of a larger cost-reduction program aimed at enhancing Take-Two's margin profile while still investing for growth.
Roll7, known for its OlliOlli series and Rollerdrome, was acquired by Private Division in November 2021. The studio will be closed, and staff will receive severance agreements. Intercept Games, the developer of Kerbal Space Program 2, is also being closed. Take-Two Interactive filed a notice to cut 70 jobs in Seattle.
Multiple sources have reported that Private Division has let go of the vast majority of its teams in Seattle, New York, Las Vegas and Munich. However, Take-Two Interactive has not provided any additional details on the layoffs or studio closures.
Roll7 was known for its no-crunch policy and down-to-earth culture which made it unique in the gaming industry. The studio's co-founder, John Ribbins, and creative director, Andreas Yiannikaris, were excited about new games they were directing there.
Take-Two Interactive announced in April that it would reduce its workforce by approximately five percent or around 600 employees by December 31, 2024. The company continues to make updates to Kerbal Space Program 2 and plans to release Wétán Workshop Game Studio's Tales of the Shire: A The Lord of the Rings Game in the second half of 2024.