Updated Mar 23, 2026 by PCF Group
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.
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.
No financial repayment to Take-Two is required if Project Dagger fails to reach a commercial release.
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.
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.
No financial repayment to Take-Two is required if Project Dagger fails to reach a commercial release.