People Can Fly U.S., LLC and Take-Two Interactive Software, Inc. terminated their 2020 production and publishing agreement for Project Dagger, effective October 1, 2022.

According to "Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement": People Can Fly U.S., LLC and Take-Two Interactive Software, Inc. terminated their 2020 production and publishing agreement for Project Dagger, effective October 1, 2022.

People Can Fly retains exclusive ownership of the Project Dagger intellectual property, as Take-Two did not exercise its option to acquire the rights and its license has expired.

According to "Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement": People Can Fly retains exclusive ownership of the Project Dagger intellectual property, as Take-Two did not exercise its option to acquire the rights and its license has expired.

If People Can Fly self-publishes Project Dagger, they must pay royalties to Take-Two on a quarterly basis until a total of $20 million is repaid.

According to "Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement": If People Can Fly self-publishes Project Dagger, they must pay royalties to Take-Two on a quarterly basis until a total of $20 million is repaid.

If Project Dagger is released via a new publisher, People Can Fly is obligated to repay the $20 million in two equal installments due six and twelve months after the game's launch.

According to "Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement": If Project Dagger is released via a new publisher, People Can Fly is obligated to repay the $20 million in two equal installments due six and twelve months after the game's launch.

No financial repayment to Take-Two is required if Project Dagger fails to reach a commercial release.

According to "Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement": No financial repayment to Take-Two is required if Project Dagger fails to reach a commercial release.

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Key Insights

Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement

PCF Group~2 min full read

01
People Can Fly U.S., LLC and Take-Two Interactive Software, Inc. terminated their 2020 production and publishing agreement for Project Dagger, effective October 1, 2022.
See it on page 1
02
People Can Fly retains exclusive ownership of the Project Dagger intellectual property, as Take-Two did not exercise its option to acquire the rights and its license has expired.
See it on page 2
03
If People Can Fly self-publishes Project Dagger, they must pay royalties to Take-Two on a quarterly basis until a total of $20 million is repaid.
See it on page 1
04
If Project Dagger is released via a new publisher, People Can Fly is obligated to repay the $20 million in two equal installments due six and twelve months after the game's launch.
See it on page 2
05
No financial repayment to Take-Two is required if Project Dagger fails to reach a commercial release.
See it on page 2

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