cancel project and announce restructure
Ubisoft cancels projects and announces restructure in fight to stay competitive
Ubisoft, the video games publisher behind the Assassin's Creed series, has cancelled projects and announced a restructuring that will close several studios as a result of several years of weak results and disappointing sales. Ubisoft, the video games publisher behind the Assassin's Creed series, has cancelled projects and announced a restructuring that will close several studios as a result of several years of weak results and disappointing sales. The video game publisher behind the Assassin's Creed series has cancelled six projects including a remake of Prince of Persia: The Sands of Time as it fights to stay competitive in the global gaming market. Ubisoft announced a sweeping reorganisation and said it would cancel six games, sending its shares to their lowest level in more than a decade on Thursday. Ubisoft is abandoning development of six titles, including a highly anticipated remake of Prince of Persia - a series that dates back to 1989 and received an ill-fated Hollywood adaptation in 2010 - and delaying a further seven. Studios in Halifax, Canada and Stockholm are being closed, with restructuring to follow in other countries, it said.
- North America > Canada > Nova Scotia > Halifax Regional Municipality > Halifax (0.25)
- Europe > Sweden > Stockholm > Stockholm (0.25)
- North America > United States (0.16)
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- Information Technology > Communications (1.00)
- Information Technology > Artificial Intelligence > Games (1.00)