Last month Square Enix announced its plans to drop IO Interactive and part ways with the Hitman franchise. At the time, this put the future of both the studio and franchise at risk, while the publisher searched for willing investors. IO Interactive has now made the transition to an independent studio while retaining full control over the Hitman series.
As confirmed by CEO at IO Interactive, Hakan Abrak, the studio will now continue to operate without the oversight of Square Enix. Abrak stressed this decision should lead to improved creative flexibility, with the freedom to collaborate and partner with external companies.
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.
Hitman introduced a significant change to its formula back in 2016, through a seasonal episodic-based rollout. With IO Interactive having previously confirmed development on the second season of content, it's highly likely that work on the project has continued after the split. The studio is set to announce further details on its independent plans sometime next week.
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