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Stock impact report

Ubisoft launches Vantage Studios subsidiary to develop its biggest franchises [Verge, The]

UBISOFT ENTMT UNSP/ADR (UBSFY) 
Company Research Source: Verge, The
Ubisoft previously announced that it was working with Tencent on a new subsidiary focused on its biggest games . Now that offshoot has a name: Vantage Studios The new operation, which Ubisoft describes as a “creative house,” will be responsible for the Assassin's Creed Far Cry , and Rainbow Six series. It includes studios in Montréal, Quebec, Sherbrooke, Saguenay, Barcelona, and Sofia, which Eurogamer reports consist of 2,300 employees. As previously announced , the subsidiary will have two CEOs in Christophe Derennes and Charlie Guillemot, the latter of whom is the son of Ubisoft co-founder and CEO Yves Guillemot. Ubisoft is looking to use a similar model for its other studios and franchises moving forward, noting that it “plans to set up additional creative houses and group its brands and franchises under the banner of a shared DNA and development expertise.” It's not clear yet how it plans to split things up with its other studios. The partnership with Tencent, which owns a Show less Read more
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