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IO-Interactive Announce Independence, Retains All Rights to HITMAN IP

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IO-Interactive Announce Independence, Retains All Rights to HITMAN IP

Image Credit: IOI

IO-Interactive Announce Independence, Retains All Rights to HITMAN IP

IO-Interactive is now an independent studio, the developer has confirmed.

Following the decision by Square Enix early in 2017 to sell off IO-Interactive after disappointing sales for the episodic release of Hitman Season One, the developer today announced that it is now an independent studio following a management buyout deal with the Japanese publisher.

Not only has the Danish developer managed to secure its independence, it has also retained all rights to the Hitman IP and will continue to further develop the franchise.

In a statement released on the company’s website, Chief Executive Officer Hakan Abrak explains how the studio reached independence:

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.

Thank you.

Hakan,

Io-Independent

Profile photo of Stephan Rodts

Better known as RzrsS in the video game scene, Stephan Rodts has been playing video games for nearly his entire life. He started out shooting poor ducks out of the sky in Duck Hunt on the Nintendo, but now shoots everything that moves. Be warned.

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