[STEAM][PRESS]Take-Two CEO denies closing two studios, refuses to elaborate

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, when asked about the closures during the earnings call on May 16, Take-Two’s CEO Strauss Zelnick said the company didn’t shut down those studios. “We didn’t shutter those studios, to be clear. And we are always looking at our release schedule across all of our studios to make sure that it makes sense. So we are being very judicious because we are in the middle of a cost reduction program that we’ve already concluded and are now fully rolling out,” Zelnick said, adding that while the company is saving $165 million in costs, it hasn’t shuttered anything.

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