Ubisoft Cancels Six Games, Slashes Guidance in Restructuring (msn.com)
- Reference: 0180633870
- News link: https://games.slashdot.org/story/26/01/21/184240/ubisoft-cancels-six-games-slashes-guidance-in-restructuring
- Source link: https://www.msn.com/en-us/money/other/ubisoft-cancels-six-games-slashes-guidance-in-restructuring/ar-AA1UFMvS
> The French gaming firm expects earnings before interest and tax to be a loss of $1.2 billion the fiscal year 2025-2026 as a result of the restructuring, driven by a one-off writedown of about $761 million, the company said in a statement on Wednesday.
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> Ubisoft also expects net bookings of around $1.76 billion for the year, with a $386 million gross margin reduction compared to previous guidance, it said. Six games, including a remake of Prince of Persia The Sands of Time, have been discontinued and seven other unidentified games are delayed, the company said. The measures are part of a broader plan to streamline operations, including closing studios in Stockholm and Halifax, Canada. Ubisoft said it will have cut at least $117 million in fixed costs compared to the latest financial year by March, a year ahead of target, and has set a goal to slash an additional $234 million over the next two years.
[1] https://www.msn.com/en-us/money/other/ubisoft-cancels-six-games-slashes-guidance-in-restructuring/ar-AA1UFMvS
Medical Release Simulator GOTY Edition (Score:3)
I tried playing Assassin's Creed one time. I think my character spent like two of the first three hours on his back in a sensory deprivation tank.
I knew this would happen once we started giving video game characters names that aren't just compounds of the thing they're doing, like "Jumpman".
Bloat (Score:3)
I usually roll my eyes when people say the economy relies on infinite growth, but the AAA games industries are really a microcosm of that philosophy. Bigger and bigger bloat and a focus on monetization instead of innovation until the bubble bursts... they are chasing whales instead of general audiences.
[1]Here is a video on steam and video game price trends. [youtube.com]
[1] https://www.youtube.com/watch?v=XigPD8BCkho
Re: (Score:2)
I mean you're probably right but also their games just suck. Other "AAA" studios actually make good games sometimes.
Re: (Score:2)
Really? Name one.
I took a look at the list (Score:1)
They cancelled anything that isn't Assassin's Creed. So reading between the lines, the company is going to focus on churning out sequels to their very long running franchises?
New name (Score:1)
UBLosingCustomers
For me, they're a no no on PC (Score:3)
They require a stupid launcher nobody wants that logs into Ubisoft Connect, and they use Denuvo for all their games, never removing it even cheap indie games released more than a decade ago (like Scott Pilgrim).
It's a pity they have some good games (like Prince of Persia The Lost Crown) I'll never play because of this abuse on the PC platform.
So this means no Rocksmith 4? (Score:2)
Good.
Rocksmith 2014 is the only game they've published that didn't suck, and it still stank like Ubisoft. At least it doesn't require uPlay nonsense.
Re: So this means no Rocksmith 4? (Score:2)
Didnt Rocksmith switch to a subscription model though so you couldnt just buy the song? I thought the first few Splinter Cells were good (although dated now) but then they revamped everything that made it good including great voice acting like Michael Ironside and Dennis Haysbert.