Summary
Take-Two Interactive Software Inc. (TTWO) disclosed a significant network intrusion at Rockstar Games on September 19, 2022. An unauthorized third party illegally accessed and downloaded confidential information, including early development footage for the next Grand Theft Auto title. The company asserts that current Rockstar Games services remain unaffected and that steps have been taken to contain the incident. Crucially, Rockstar Games does not anticipate any disruption to current services or long-term effects on development timelines as a result of this breach. The company's filings also include a standard "Cautionary Note Regarding Forward-Looking Statements," which outlines various risks and uncertainties that could impact future business and financial performance, including those related to this incident, the Zynga combination, and broader economic factors.
Key Highlights
- 1Rockstar Games experienced a network intrusion with unauthorized access to confidential information, including early development footage for the next Grand Theft Auto.
- 2Current Rockstar Games services are unaffected by the breach.
- 3The company has taken steps to isolate and contain the incident.
- 4Work on the next Grand Theft Auto game will continue as planned.
- 5No long-term disruption to development timelines is anticipated.
- 6The filing includes a cautionary note about forward-looking statements and associated risks, such as the nature of the intrusion and the Zynga combination.