Hitman Dev Goes Fully Independent, Keeps Rights To The Series
IO Interacrive says it had a successful negotiation with Square Enix.
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Square Enix has completed the sale of Hitman developer IO Interactive. The developer said in a statement today that it is now fully independent after "successfully conclud[ing] negotiations with Square Enix." IO said it agreed to a "management buyout," and importantly, the developer retains the rights to the Hitman franchise, which is good news indeed.
The full statement from IO Interactive CEO Hakan Abrak follows below. While we now know IO will get to keep the Hitman series, it remains to be seen what the studio plans for franchise going forward; it previously talked about three seasons' worth of content.
In May, Square Enix declared its intention to sell off IO Interactive, an announcement that was followed by news of layoffs at the studio. However, that didn't stop the studio from continuing to work on new content for Hitman.
IO Interactive Statement:
"In its 19 years of history, Io-Interactive has brought you original and exciting entertainment; from Mini Ninjas and Freedom Fighters to gaming's most notorious criminals Kane & Lynch and of course our beloved Agent 47. With our latest game, we have not only transformed Hitman, but also moved our entire studio into the AAA digital era. Our live product has disrupted the video game business and has received recognition and praise from press, community and our fans.
There are many tales of hope, dreams, hardship and joy within these walls. We have never strived for the expected or predictable. Instead, we are always in pursuit for what feels original and real. Our passion and determination has never been greater and so that is why we have decided it is not the time to stop as we have many more exciting and original tales to tell.
Therefore I am proud to announce today that IOI is now officially an independent studio. We have successfully concluded our negotiations with Square Enix and have agreed to a management buyout. Crucially, we will keep all of the rights to the Hitman IP.
This is a watershed moment for IOI. As of today, we have complete control over the direction for our studio and the Hitman IP--we're about to forge our own future and it’s incredibly exciting. We are now open to opportunities with future collaborators and partners to help strengthen us as a studio and ensure that we can produce the best games possible for our community.
I would like to say a big and sincere thank you to all of our players, community, friends in the media and everyone else connected to the studio for the messages of support that we have received in the last few weeks. I would also like to thank Square Enix; it has been a great family to be a part of and we are proud of what we have achieved together in the last eight years. IOI started as an independent studio and we will now return to those roots with an extremely passionate and talented team.
We are counting on the continued support of all our players; simply by having fun with everything we’ve released so far for Hitman--and we want to encourage more of you to try our game. We have more details to come on our plans for that next week.
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