Updated Mar 23, 2026 by PCF Group
Take-Two Interactive Software, Inc. notified PCF Group S.A. on 23 September 2022 of its intent to terminate the July 2020 production-publishing agreement for Project Dagger.
PCF Group retains full intellectual property rights for Project Dagger, as the proposed termination agreement contains no buy-out clause for Take-Two.
PCF Group completed all contractual work and received full remuneration for Project Dagger through the first half of 2022.
The termination agreement includes tiered repayment terms that vary depending on whether PCF Group chooses to self-publish or secure a new publishing partner.
PCF Group intends to continue developing Project Dagger using internal funds, with potential future support from debt financing or a new publishing partner.
Future development costs for Project Dagger will be capitalized as intangible assets under IFRS 38, which will materially impact the group's financial results for the first half of 2022 and subsequent periods.
Take-Two Interactive Software, Inc. notified PCF Group S.A. on 23 September 2022 of its intent to terminate the July 2020 production-publishing agreement for Project Dagger.
PCF Group retains full intellectual property rights for Project Dagger, as the proposed termination agreement contains no buy-out clause for Take-Two.
PCF Group completed all contractual work and received full remuneration for Project Dagger through the first half of 2022.
The termination agreement includes tiered repayment terms that vary depending on whether PCF Group chooses to self-publish or secure a new publishing partner.
PCF Group intends to continue developing Project Dagger using internal funds, with potential future support from debt financing or a new publishing partner.
Future development costs for Project Dagger will be capitalized as intangible assets under IFRS 38, which will materially impact the group's financial results for the first half of 2022 and subsequent periods.