FTC vs. Take-Two Settlement Details

There was a press release late Friday announcing the settlement between Take-Two and the FTC. This brings everything to a close, Take-Two promised to be good, fully represent game content, etc. etc. etc. and the FTC dropped the case without any penalties being handed out. Here is a snippet from the full press release:

Take-Two Interactive Software, Inc. announced today that following the 30-day period for public comment, the Federal Trade Commission (FTC) has unanimously approved the Consent Order and Agreement with Take-Two and its wholly-owned publishing label Rockstar Games. All outstanding matters pending before the FTC have been settled and no penalties or fines have been assessed. Among other things, the Consent Order provides that the Company shall not misrepresent a video game’s ratings or content descriptors and that the Company shall implement a system to ensure that all game content is reviewed in connection with submissions to ratings authorities.