Ubisoft Cancels Six Games, Closes Studios Amid Major Restructuring
Ubisoft has canceled six games, including the 'Prince of Persia: The Sands of Time' remake, closed two studios, and delayed seven titles as part of a significant organizational overhaul.
Ubisoft has announced a significant restructuring, canceling six games—including the anticipated remake of 'Prince of Persia: The Sands of Time'—closing two studios, and delaying seven titles.
The canceled projects comprise four unannounced titles, three of which were new intellectual properties, and a mobile game.
The company is also delaying seven games to ensure they meet enhanced quality standards.
As part of the restructuring, Ubisoft is closing its studios in Stockholm, Sweden, and Halifax, Canada.
CEO Yves Guillemot stated that these measures aim to create conditions for sustainable growth.
The restructuring includes organizing the company into five 'Creative Houses,' each focusing on specific genres and franchises.
Following the announcement, Ubisoft's shares fell by 33%, reaching their lowest level since 2011.
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