Take-Two Licensing

Take-Two Licensing, Inc. (formerly Sound Source Interactive, Inc. and TDK Mediactive, Inc.) was an American video game publisher based in Westlake Village, California. Founded as Sound Source Interactive by Vincent Bitetti in March 1990, the company acquired BWT Labs in March 1998. In September 2000, the company was acquired by TDK and became TDK Mediactive, and was again sold to Take-Two Interactive in September 2001 and was renamed Take-Two Licensing. With the foundation of Take-Two Interactive's 2K Games label in January 2005, Take-Two Licensing was effectively folded into the new subsidiary.

History
Sound Source Interactive was founded on March 5, 1990, by Vincent Bitetti. In March 1998, Sound Source Interactive announced that they had acquired BWT Labs, a Berkeley, California-based video game developer.

On September 11, 2000, TDK acquired a 72% controlling stake in Sound Source Interactive, with an initial investment of US$1.425 million, followed by another of US$3.575 million, totaling to US$5 million. The resulting subsidiary was renamed TDK Mediactive, the company's founder, Vincent Bitetti, remaining chief executive officer and Shin Tanabe, President of TDK Recording Media Europe, becoming the publisher's chief operating officer. As TDK Mediactive, the company published various video games, of which many based on licensed properties. From October 18, 2002, onward, they operated a second publishing label, TDK Impulse, for games that had "broad consumer appeal and a low price point".

On September 3, 2003, TDK Mediactive announced that they were to be acquired by Take-Two Interactive for an estimated US$22.7 million. The transaction was finalized on December 2, 2003, with 23,005,885 shares, valued at US$12.6 million, and another US$200,000 in cash awarded to TDK. As a result of the acquisition, TDK Mediactive was renamed Take-Two Licensing, and Take-Two Interactive received all licensens formerly held by TDK Mediactive, except for those based on Shrek. On January 25, 2005, Take-Two Interactive announced the opening of publishing label 2K Games, into which Take-Two Licensing was folded.