Ubisoft is planning to close several studios over the next three years as part of a sweeping restructuring of the company. The announcement came during a company financial call on Wednesday when Ubisoft executives discussed refocusing its business around five “creative houses” instead of so many independent studios.
“We will also selectively close several studios and continue restructurings throughout the group,” Ubisoft CEO Yves Guillemot said during the conference call. "While these decisions are difficult, they are necessary for us to build a more focused, efficient and sustainable organization over the long term."
Ubisoft's pivot also includes canceling six games in active development, including the long-awaited Prince of Persia: The Sands of Time remake. The other titles consisted of four unannounced projects which included three new IPs and a mobile game.
The announcement follows a difficult year for Ubisoft’s studios. This news comes on the heels of recent layoffs at Massive Studios, and the loss of The Division’s executive producer, Julian Gerighty, to DICE.
Ubisoft cancels the Prince of Persia: The Sands of Time remake, despite expectations that it would release this year.
The company also closed its Halifax mobile studio and its Stockholm studio earlier this month, and...
