Ubisoft has cancelled six video games - including its long-awaited Prince of Persia: The Sands of Time remake - as part of a major reset of its operations. The French developer and publisher, known for popular games such as Assassin's Creed, Far Cry and Just Dance, has closed two studios and delayed seven titles as part of its changes. Ubisoft boss Yves Guillemot said the move would create the conditions for a return to sustainable growth. The firm's shares plunged by 33% on Thursday morning following the announcement. The move comes at a time when studios are increasingly turning to video game remakes and remasters, with new versions of Super Mario Galaxy, Oblivion and Metal Gear Solid 3 proving popular in 2025.

Ubisoft is continuing its efforts to course-correct after several challenging years. Today, the video game company announced that it will launch a subsidiary centered around three of its most familiar franchises: Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six. The as-yet-unnamed subsidiary will fold in the teams working on those three series, including Ubisoft studios in Montréal, Quebec, Sherbrooke, Saguenay, Barcelona and Sofia. This new business will receive an investment of 1.16 billion (roughly 1.25 billion) from its longstanding partner Tencent, granting the conglomerate a minority ownership stake. Following the transaction, Ubisoft will narrow focus to its other franchises, such as The Division and Tom Clancy's Ghost Recon.

Japan, 1581: Iga province is burning down around you. You watch on, injured and helpless as the Oda Nobunaga - the warlord responsible for numerous civil wars and the eventual unification of the country - smirks from a nearby hill. You draw your katana, the blade shining in the flickering light of the flames. This is Assassin's Creed: Shadows – part exciting ninja game, part history lesson. It's an odd combination but it comes together in a sprawling historical-fiction adventure full of discovery and deception.

Assassin's Creed and Total War have proven that video games can be better than any tattered textbook at bringing history alive – though they do tend to retread the same old battlegrounds of western Europe. China's Everstone Studio is hoping to change that, letting players loose on an open world 10th-century China in its debut game, Where Winds Meet. Here, we are put into the sandals of a nameless young martial artist and transported back to the dramatic fall of the Southern Tang dynasty, where the sudden poisoning of Emperor Li Yu thrusts our hero into a dangerous new world. Despite its indie origins, Where Winds Meet looks like a game with a big budget behind it, drawing comparisons to Sucker Punch's multimillion dollar samurai epic Ghosts of Tsushima. Its sprawling depiction of southern China is a sight to behold; comb through the gameplay videos and you'll see its hero roaming across a luscious countryside one minute, stumbling upon a serene wildlife-filled pond the next and then being pursued by bandits after dark, dodging arrows on rain-soaked rooftops.

Free game codes are a time-honored tradition when you're building or upgrading a gaming PC. Odds are pretty good that at any given time, a purchase of a new AMD or Nvidia graphics card will come with a free copy of whatever title is hot that quarter. Intel's latest selection of freebies includes the latest Assassin's Creed stab-em-up and an indie survival crafting game called Nightingale. The "Gamer Days" bundle runs from August 24th to September 4th in the United States. Assassin's Creed: Mirage takes the Ubisoft series back to its Middle Eastern story roots, following assassin Basim Ibn Ishaq as he creeps around Bagdad to uncover conspiracies and ancient relics.

Meta announced a slate of upcoming games today for its standalone VR headsets (including the upcoming Meta Quest 3). Apple is expected to enter the virtual headset space next week, so Meta is hoping to make a lasting impression with its lineup of upcoming VR titles from beloved franchises, including Assassin's Creed, Stranger Things, Ghostbusters and Attack on Titan -- along with some VR remakes of old-school classics. In addition to Asgard's Wrath 2, the most enticing game may be the one we know the least about. Although it was little more than a tease, Meta confirmed that Assassin's Creed Nexus VR isn't vaporware after all: The next VR installment in the long-running series will launch in the Meta Quest Store later this year. Unfortunately, further details must wait for its official reveal at Ubisoft Forward on June 12th.

Ubisoft knew Assassin's Creed was going to be huge. Over its three years of development, the game went from a Prince of Persia spin-off curio to the gem in the publisher's forthcoming games list. It became the talk of the industry in 2006 after a well-constructed trailer teased at the imaginations of gamers and history fanatics alike. Intrigued by the promise of a game set during the Third Crusade in the Holy Land in 1191 – with some mysterious sci-fi elements projected over the top – we all waited with bated breath for this historical action experiment to land in late 2007. The publisher needed the best people it could get on the project.

Netflix has so far only managed to convince 1.7 million people among its 221 million subscribers to play games on its platform daily,

Ubisoft will share updates and announcements about its roster of projects in a showcase on September 10th at 3PM ET. The event will be streamed on Ubisoft channels on YouTube, Twitch and the studio's official website, and it'll include news on "multiple games and projects from Ubisoft teams around the world," according to spokesperson Youssef Maguid. Back in June, Ubisoft confirmed plans to share information about the future of Assassin's Creed during a special event in September, and this appears to be that. Ubisoft is currently working on two Assassin's Creed projects: one is a live multiplayer experience spanning multiple time periods codenamed Infinity, and the other is a standalone series installment codenamed Rift. Early reports indicate Rift started out as an expansion to Assassin's Creed Valhalla, and it stars Basim Ibn Ishaq from that title.

Ubisoft will reveal what's next for its long-running Assassin's Creed franchise later this year. The publisher announced today it will host a special event in September to discuss the future of the series. While we didn't get many hints from the company during its recent AC 15th Anniversary Celebration livestream, we have a good idea of what to expect. We know from reporting by Bloomberg's Jason Schreier that Ubisoft is working on two new Assassin's Creed projects. The'future of Assassin's Creed' will be revealed this September during a special event pic.twitter.com/8kx6HoSltl