Take-Two Extends Contracts With Key 'Grand Theft Auto' Creative Talent Through 2012 [UPDATED]

The minds behind the "Grand Theft Auto" series aren't leaving Take-Two Interactive anytime soon.

The publisher announced renegotiated contracts with Sam Houser, Dan Houser and Leslie Benzies and "several other key members of the creative team behind the renowned Grand Theft Auto series" that will not expire until January 31, 2012.

In addition to keeping talent, Take-Two added new financial incentives for the "GTA" label with a new incentive compensation program for Rockstar Games mostly based on a profit sharing arrangement.

Wedbush Morgan analyst Michael Pachter has been speculating a bidding war would erupt within the industry over a new home for the House brothers, but Take-Two has successfully avoided that happening with today's news.

"The talent and creativity at Rockstar are unparalleled in our industry," said Take-Two chairman Strauss Zelnick in the press release. "Their dedication to making extraordinary games has captured the enthusiasm of millions of fans around the world and has contributed enormously to establishing Take-Two as a force in the global video game marketplace and advancing our goal to become the most creative and most innovative company in the industry."

For the time being, the Houser brothers remain at Take-Two. If they had left, however, where would you have liked to see them end up?

UPDATE: But are some people at Rockstar also getting a taste of independence? The press release mentions this intriguing other bit of news: "In addition, Take-Two has agreed to fund the future development of certain new intellectual property to be owned by a newly formed company controlled by key Rockstar Games team members and published exclusively by Take-Two."