Take-Two Announces Max Payne 2 Is In Development
Take-Two Interactive announced today that Rockstar Games, in conjunction with Remedy Entertainment, has begun development of Max Payne 2, a sequel to the blockbuster hit Max Payne. In addition, according to Take-Two, it has bought all the rights to the game, and would pay $10 million cash and 969,932 shares of stock, valued at $24 million at Wednesday's close, to Remedy Entertainment and Apogee Software, which developed the original title for the PC, Xbox, and Playstation 2. Specifically, Take-Two announced that it has acquired ownership of the Max Payne brand and all intellectual property rights associated with the brand, including trademarks, copyrights, characters, perpetual license to utilize proprietary technologies, including the Max Payne game engine and associated "Bullet Time(TM)" technology, and rights to license fees from ancillary Max Payne brand extensions such as cinema, television and literary productions. Global shipments of the Max Payne franchise have exceeded 2.75 million units to date.
Max Payne 2 is expected to ship in calendar 2003 for PC,Xbox,Playstation 2.
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