Take-Two cancels an unannounced game it spent $53m on

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A report claims the game was being developed by Mafia 3 studio Hangar 13 and was code-named Volt

Take-Two Interactive
(Image credit: Take-Two Interactive)

Rockstar and 2K parent company Take Two Interactive has canceled an unannounced project resulting in a staggering financial loss for the company.

Take Two held its quarterly earnings call today, and the accompanying investor presentation reveals that due to the "decision not to proceed with further development of an unannounced title in its pipeline," the company suffered a loss to the tune of $53 million.

Now, it's not at all unusual for a publisher the size of Take Two to invest that much in a single game - Red Dead Redemption 2 cost an estimated $540 million according to VentureBeat. But regardless, it's a lot of money to chuck into the bin no matter how you look at it, and it begs the question: what game was Take Two pouring that kind of cash into only to cancel without ever announcing it?

A recent leak says GTA 6 "is Rockstar's most chaotic project since its creation."

Jordan Gerblick
Jordan Gerblick

After earning an English degree from ASU, I worked as a corporate copy editor while freelancing for places like SFX Magazine, Screen Rant, Game Revolution, and MMORPG on the side. I got my big break here in 2019 with a freelance news gig, and I was hired on as GamesRadar's west coast Staff Writer in 2021. That means I'm responsible for managing the site's western regional executive branch, AKA my home office, and writing about whatever horror game I'm too afraid to finish.