Summary
Ubisoft has canceled six video games, including a remake of "Prince of Persia: The Sands of Time," and closed two studios as part of a major change in its operations. The company, which is known for popular titles like Assassin's Creed, aims to focus on sustainable growth by restructuring and concentrating on big franchises. This decision includes closing studios in Stockholm and Halifax and delaying the release of seven other games.
Key Facts
- Ubisoft canceled six video games, including the "Prince of Persia: The Sands of Time" remake.
- The company closed two studios, one in Stockholm, Sweden, and another in Halifax, Canada.
- Ubisoft delayed seven game titles as part of its operational changes.
- The company wants to focus on sustainable growth and improving efficiency.
- Ubisoft's shares fell by 33% after announcing these changes.
- The decision is partly due to rising development costs for blockbuster games, known as triple-A games.
- Ubisoft will now focus on open-world adventure games and live service games.
- The company’s Ajaxny Studios, supported by Tencent's investment, aims to enhance franchises like Assassin's Creed, Far Cry, and Rainbow Six.
