The day after the largest event in gaming (E3), I-o interactive made an announcement reminding people of their predicament and letting everyone know that they are OK. On May 11, Square Enix had made an announcement of their own that they would be dropping the developer responsible for series like "Kane & Lynch," "Freedom Fighters," "Mini Ninjas" and "Hitman."
With this news, it was uncertain what the future would hold for I-o Interactive and whether or not they would able to remain in control of "Hitman."
After relaying messages of hope for the future and reflecting on the past, CEO Hakan Abrak got to the meat of the matter. "Therefore I am proud to announce today that IOI is now officially an independent studio. We have successfully concluded our negotiations with Square Enix and have agreed to a management buyout. Crucially, we will keep all of the rights to the 'Hitman' IP," Abrak said.
There weren't any immediate announcements for any games, though the message opened up room for collaborations. The message also thanked Square Enix, "I would also like to thank Square Enix. It has been a great family to be a part of and we are proud of what we have achieved together in the last eight years. IOI started as an independent studio and we will now return to those roots with an extremely passionate and talented team."