IO Interactive has announced that they have officially become an independent studio after agreeing to a management buyout. This officially ends the 8 year relationship between IOI and publisher Square Enix.
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.
Most importantly perhaps, is that IOI was also able to maintain ownership of its marquee series Hitman. It was recently reported that Square Enix intended to sell the rights to the Hitman IP off amid its divorce with IOI so this comes as a little bit of a surprise.
We are counting on the continued support of all our players; simply by having fun with everything we’ve released so far for HITMAN – and we want to encourage more of you to try our game. We have more details to come on our plans for that next week.
I, for one, think that this is the best possible conclusion for both parties as Square Enix was able to let go of IOI and IOI was able to keep control over the franchise that they worked so hard to develop and popularize. You can read the entire announcement here.