Ubisoft cancels six games including Prince of Persia and closes studios [Yahoo! Finance]
UBISOFT ENTMT UNSP/ADR (UBSFY)
NASDAQ:AMEX Investor Relations:
ubisoft.com/en-us/company/investor_center/index.aspx
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Source: Yahoo! Finance
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. So the decision to bin the remake of Sands of Time - which sold millions of copies in 2003 - has left many fans scratching their heads. Ubisoft has not specified which titles it has discontinued alongside the Prince of Persia remake. But it says among them are four unannounced titles, including three based on new intellectual property, and a mobile game. Ubisoft has closed its studios in Stockholm, Sweden and Ha
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