Ken Levine may be entering the upper echelon of game designers. According to a source from The New York Post, the BioShock creator is renegotiating his contract with Take-Two to allow more creative control over his projects and – this is the key – royalties (here called "points") "based on how much business the next installment of 'BioShock' and any other games that he develops produce."

Given we don't know exactly to what extent Levine will be working on BioShock sequels, if at all, it's pretty interesting to hear that Levine could be given royalties for a creating a concept, even without working on a project directly. As noted by Variety, we'd only imagine a few notable game icons with this much weight (e.g. Sid Meier, Will Wright).

This is all rumor at the moment, as neither Take Two's people or Levine's people are talking, but we're watching the re-negotiating (as are apparently the tabloids) closely.

[Via The Cut Scene]

With just a handful of months to go before the annual Penny Arcade Expo opens its doors again, you may be wondering who will be taking to the stage to the deliver the August event's keynote address. Organizers have announced that the opening speech will be given by none other than 2K Boston president and creative director Ken Levine.

Says Penny Arcade business mastermind, "Obviously, Ken is pimp supreme...We're super excited to have him open up the show." Given Levine's involvement with one of last year's biggest releases as well as a sequel that already ranks among our most anticipated in 2009, we're sure he'll have plenty to talk about -- and we expect to be left hanging on every word.

We got this information from yesterday's Take Two earnings call, but we wanted to break it out just to make sure you BioShock fans out there could get some sleep tonight. Chairman Strauss Zelnick stated during the call that series creator Ken Levine "will be working on BioShock 2."

Now, it remains to be seen whether he'll be working on the game or just sending encouraging email forwards about angels and pictures of cats hanging on branches to the 2K Marin team doing the bulk of the work. As gigantic, total, militant fans of BioShock, we certainly hope it's the former.

After sales of brainy first-person shooter BioShock were so strong, a sequel seemed like all but a foregone conclusion. 2K Games put any remaining doubt to bed today, revealing that BioShock 2 is due to hit shelves in the fourth fiscal quarter of 2009, which would put it between August and October of 2009. The game is being developed not by Ken Levine's 2K Boston, but rather 2K Marin, which reportedly has some BioShock staffers on board. At this point, we don't know what (if any) involvement Levine will have, nor do we know what systems it will be on.

The info came in an investor relations report released by the company today. Even though we figured the game was in the works, we have to admit we're a little surprised by the window, just two years after its predecessor. But you're not going to hear us complaining. If it means more Big Daddies and Little Sisters, we don't really care where we get it.