US EditionUbisoft Shares Tumble After 'Assassin's Creed' Creator Unveils Restructuring, Cancels Games
Ubisoft plans to save €200 million over two years by focusing on open-world games, restructuring studios, and enhancing game quality, resulting in six cancellations and seven delays.
- On Wednesday, Ubisoft announced a company-wide reset canceling six games, including Prince of Persia: The Sands of Time remake, delaying seven others, and reorganizing into five "Creative Houses".
- Citing intense competition and weak recent hits, Ubisoft said cost reductions and targeted savings programs will focus on open-world, games-as-a-service, and player-facing Generative AI.
- Creative House 3 will focus on live-service titles like For Honor and The Crew, while Creative House 4 will manage Prince of Persia, Rayman, and Beyond Good & Evil.
- Investors reacted by sending Ubisoft shares to multi-year lows around $4.30 after the company scrapped guidance and warned of a net bookings reduction of �330 million , while Ubisoft declined to specify layoffs amid restructurings.
- Over the coming months Ubisoft will overhaul operations, close Ubisoft Stockholm and Ubisoft Halifax, and management said it is open to selling IP and studios.
197 Articles
197 Articles
The shock method that the French video game giant will administer involves the cancellation of six games.
Ubisoft announced, on Wednesday, the cancellation of 6 games, the postponement of 7 and the closure of 2 studios with redundancies, as part of an important restructuring plan. A new rebound that has triggered a start of crisis with employees who also see the end of telework and...
Ubisoft is hitting reset again: cancels games, closes studios, and delays releases
Ubisoft plans to overhaul its internal structure over the coming months and years and significantly revise its release lineup. Intensifying its focus on open-world games, live-service titles, and player-facing generative AI, the company has delayed seven games and cancelled six, including the long-in-development remake of Prince of Persia: The Sands...Read Entire Article
Ubisoft, the French company behind the famous Assassin's Creed and Far Cry game series, announced a major restructuring and studio closures. The company's shares fell by as much as 35 percent in response, Reuters reported.
According to the French video game company Ubisoft, losses in the three-digit million range are expected for the current financial year.
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