Take-Two signs Microsoft deal for all Xbox devices

Microsoft may review and approve game concepts and final versions, including packaging and marketing materials featuring its marks.

Rhea-AI Filing Summary

Take-Two Interactive Software, Inc. and Microsoft Corporation entered into a new long-term Xbox Publisher License Agreement, effective September 17, 2026. The agreement gives Take-Two rights to develop, publish, have manufactured, market, advertise, distribute and sell Xbox-compatible products for all Xbox devices, and replaces its existing Xbox publisher license agreements with Microsoft.

Microsoft will pay the applicable wholesale price and/or agreed revenue share for Take-Two digital products and content sold by Microsoft. Microsoft may review and approve game concepts and final games, including packaging and marketing materials featuring its marks. Microsoft charges Take-Two fees and royalties for each physical media product manufactured on Take-Two’s behalf. Either party may terminate for material breach or insolvency; upon expiration or termination, Take-Two has certain rights to sell off existing inventories.

Filing Explained

This 8-K gives only a summary of the Xbox license; the full agreement is to be filed as an exhibit to Take-Two’s Form 10-Q for the quarter ending September 30, 2026, where its complete terms can be reviewed.

8-K Event Classification

Item 1.01 — Entry into a Material Definitive Agreement

1 item

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Key Terms

Xbox Publisher License Agreement, wholesale price, revenue share, physical media product

4 terms

Xbox Publisher License Agreement technical

"new long-term Xbox Publisher License Agreement"

wholesale price financial

"applicable wholesale price"

revenue share financial

"agreed revenue share"

Revenue share is the portion of total income that a person or entity receives from the money generated by a business activity. It’s similar to splitting a pie where each person gets a defined slice based on their contribution or agreement. For investors, understanding revenue share helps gauge how much income they can expect from their investment and how it aligns with the company's overall performance.

physical media product technical

"each physical media product manufactured"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does TTWO’s new Xbox publisher agreement cover?

It gives Take-Two the right to develop, publish, have manufactured, market, advertise, distribute and sell Xbox-compatible products for all Xbox devices. The agreement replaces Take-Two’s existing Xbox publisher license agreements with Microsoft.

How does the TTWO-Microsoft agreement handle digital sales and physical games?

Microsoft will pay the applicable wholesale price and/or agreed revenue share for Take-Two digital products and content sold by Microsoft. Microsoft also charges Take-Two fees and royalties for each physical media product manufactured on Take-Two’s behalf.

Can Microsoft approve games under TTWO’s Xbox license?

Yes. Microsoft has the right to review, evaluate and approve each game concept and final game, including packaging and marketing materials featuring Microsoft’s marks.

When can the TTWO-Microsoft Xbox agreement end?

Either party may terminate the agreement in the event of a material breach or insolvency. Upon expiration or termination, Take-Two has certain rights to sell off existing inventories.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/30/2026 - 04:32 PM Accepted by SEC EDGAR 09/30/2026 - 04:31 PM Learn about SEC filing dates

0000946581false00009465812026-09-282026-09-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 28, 2026

TAKE-TWO INTERACTIVE SOFTWARE, INC.

(Exact name of registrant as specified in its charter)

Delaware			001-34003			51-0350842
(State or other jurisdiction			(Commission			(IRS Employer
of incorporation or organization)			File Number)			Identification No.)

110 West 44th Street,			New York,			New York			10036
(Address of principal executive offices)									(Zip Code)

Registrant’s telephone number, including area code: (646) 536-2842

Registrant's Former Name or Address, if changed since last report: N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, $.01 par value

TTWO

NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On September 28, 2026, Take-Two Interactive Software, Inc. (the “Company”) and Microsoft Corporation (“Microsoft”) entered into a new long-term XBOX Publisher License Agreement (together with all exhibits, addendums and amendments thereto, the “Agreement”), with an effective date of September 17, 2026. The Agreement grants the Company the right to develop, publish, have manufactured, market, advertise, distribute and sell XBOX compatible products for all XBOX devices. The Agreement supersedes and replaces all of the Company’s existing XBOX publisher license agreements with Microsoft.

Microsoft will pay the Company the applicable wholesale price and/or agreed revenue share for any of the Company’s digitally delivered products and content sold by Microsoft. Microsoft has the right to review, evaluate, and approve each game concept and the final version of the game, including the game’s packaging and marketing materials featuring Microsoft’s marks. Additionally, Microsoft charges the Company fees and royalties under the Agreement for each physical media product manufactured on behalf of the Company.

The Agreement may be terminated by either party in the event of a material breach or insolvency. Upon expiration or termination of the Agreement, the Company has certain rights to sell off existing inventories.

The foregoing description of the Agreement is a summary only and is qualified in its entirety by reference to the text of the Agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2026.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			TAKE-TWO INTERACTIVE SOFTWARE, INC.
			By:			/s/ Matthew Breitman
			Name:			Matthew Breitman
			Title:			Senior Vice President, Chief Governance Officer & Corporate Secretary
Date: September 30, 2026

3

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB