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Nestled in Take-Two Interactive’s most recent earnings report was information that it was charged $53 million dollars for an unannounced title that has been cancelled.
“Cost of goods sold included a $53 million impairment charge related to the Company’s decision not to proceed with further development of an unannounced title in its pipeline,” Take-Two said in a press release.
The Bloomberg report says that according to sources at the studio, the game was codenamed Volt and suffered from a number of setbacks associated with the pandemic and constantly shifting development focus. No word yet on if the company will suffer layoffs as a result of the cancellation.
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