Rockstar Vienna founders set up new studio

The founding members of Rockstar Vienna, which officially closed its doors last May, have announced plans to set up a new studio in the same city.

According to an official statement, Games That Matter Productions will "follow a visionary and compelling business model" that will take game development to "the next level".

It's being co-founded by Hannes Seifert, Dr Niki Laber (both pictured) and Juergen Goeldner. They were also responsible for establishing Neo Software in 1993, which was renamed Rockstar Vienna after Take-Two acquired the company eight years later. The studio was best known for producing Xbox versions of the Max Payne and Grand Theft Auto games.

GTM has yet to announce details of its business model and future projects, but is planning to host a press conference in Vienna on January 25.