tech
Ubisoft cancels projects and announces restructure in fight to stay competitive
Video game publisher to cancel Prince of Persia remake and close studios after several difficult years
TL;DR
- Ubisoft cancels six games, including a remake of Prince of Persia: The Sands of Time.
- Two studios, in Halifax, Canada, and Stockholm, are being closed.
- The company is delaying seven other titles.
- Ubisoft's shares dropped to their lowest level since 2011.
- Operations will be split into five creative divisions organized by genre.
- The restructuring is a response to the increasingly competitive AAA game market and changing gamer expectations.
- This overhaul follows several years of game delays, cancellations, and weak financial results for Ubisoft.