Ubisoft's financial crisis has come to a boiling point, and the French video game company is taking drastic measures to keep its head above water.
After reporting losses to the tune of $177.9 million in 2024-2025, Ubisoft has announced it is restructuring the company and has created a new "creative house" that will focus on the development of three of its most successful games: Assassin's Creed, Far Cry, and Rainbow Six.
This new subsidiary was made possible by a 1.25 billion dollar investment from the Chinese tech giant Tencent, which will claim a 25% cut of the new Ubisoft venture. While Assassin's Creed: Shadows had strong sales, it wasn't enough to carry the company out of the hole, and the new subsidiary could potentially be make-or-break for Ubisoft as we know it.
Ubisoft has appointed Christophe Derennes and Charlie Guillemot as Co-CEOs of the new Tencent-backed subsidiary, with Derennes set to lead development and production, while Guillemot manages the brand and vision.
"I'm excited about the clear goals we have and the freedom to change things whilst building on what already works well. To be clear, the idea is not to start over from scratch,...
