by admin | Mar 27, 2025 | business, investing company news, news, ubisoft, video game industry
To overcome financial challenges, Ubisoft announced on Thursday that they plan to establish a new subsidiary focused on their top properties like “Assassin’s Creed,” collaborating with China’s leading tech company Tencent.
The newly formed entity, worth approximately four billion euros ($4.3 billion), will have Tencent holding a 25% stake by investing 1.16 billion euros as fresh capital in return.
In addition to “Assassin’s Creed,” the subsidiary will also gather “Far Cry” and “Tom Clancy’s Rainbow Six” — two of the most prominent series within Ubisoft’s portfolio of gaming franchises.
It seems Ubisoft is capitalizing on the successful release of the newest installment in the “Assassin’s Creed” series, titled “Shadows,” which has been crucial for their upcoming plans.
The terms of the Tencent agreement prohibit the French company from dropping below a controlling stake in the subsidiary during the initial two-year period.
Tencent is unable to raise its ownership stakes for the next half-decade — unless Ubisoft ceases to have a controlling interest in the interim period.
CEO Yves Guillemot referred to this move as a “new era for (Ubisoft)”.
The past year was tough for Ubisoft, marked by multiple underwhelming launches of anticipated big-budget titles and a decline in their share value.
Launching the new subsidiary — whose name hasn’t been revealed yet — by year-end will allow the firm “to enhance the valuation of our assets, reinforce our financial position, and set up optimal circumstances for these brands’ sustained expansion and prosperity,” Guillemot stated.
This agreement further strengthens Tencent’s control over Ubisoft following their involvement in 2022.
The Chinese company possesses nearly 10 percent of the group’s shares — a limit they cannot exceed until 2030 — whereas the founding Guillemot family owns approximately 15 percent.
Breaking the streak
Earlier this year, Ubisoft had said that it was “actively exploring various strategic and capitalistic options”.
Frederick Duquet, the finance director, stated on Thursday that they had “received numerous expressions of interest which resulted in several non-binding proposals covering various alternatives.”
Ultimately, the decision was made to establish the subsidiary, enabling Ubisoft to retain control over its crucial resources, with the aim of developing extremely valuable global brands potentially worth several billion dollars in the future, Duquet explained.
Ubisoft intends to share additional updates regarding modifications within the group at a future date.
By the end of trading in Paris on Thursday, the company’s market capitalization was valued at 1.7 billion euros, which is under half the worth of the newly formed subsidiary.
The teams handling the three primary franchises will unite within the newly established unit based in France, with particular emphasis on Ubisoft’s Montreal studios — which stands as one of the biggest facilities within the company.
Altogether, the publishing company has approximately 18,000 employees globally, with 4,000 based in France.
Since its launch on March 20, “Assassin’s Creed Shadows” has attracted three million players, marking a significant turnaround following a series of underwhelming releases for Ubisoft.
Despite this, the team will continue moving forward with a cost-reduction strategy established at the beginning of 2023. This initiative includes shutting down facilities located outside of France and eliminating approximately 2,000 positions.
Ubisoft’s challenges mirror broader stagnation in the video game industry over the last couple of years.
by admin | Mar 10, 2025 | gamers, gaming, science fiction, video game industry, video games
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Cubic Odyssey, set to launch in 2025, merges Minecraft’s visual style with No Man’s Sky’s exploration features, promising an exciting gaming experience.
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The game will include various planets for exploration, towns populated by NPCs, crafting components, and a narrative focused on an outbreak that causes mutations among wild creatures.
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In Cubic Odyssey, players will experience an RPG framework, collaborative play, along with numerous star systems and various activities to explore.
Cubic Odyssey
is the title of a recently released Steam game that combines
Minecraft
‘s chunky design and building systems with
No Man’s Sky
The game focuses heavily on exploring various planets. It strongly resembles the well-loved sandbox genre visually but also lets players enter a spaceship and journey across numerous celestial bodies, similar to what you might experience.
No Man’s Sky
.
Both
Minecraft
and
No Man’s Sky
are among
the highest-grossing independent video games within the sector
Both titles have made considerable progress since they were first released, experiencing major transformations.
No Man’s Sky
For example, it experienced a bumpy start since the game failed to meet the developers’ claims, leading to player dissatisfaction. Nevertheless, in recent years, Hello Games has significantly improved the game through numerous updates, ultimately providing everything that was initially promised and beyond. Conversely,
Minecraft
Is one of the most legendary video games ever created, presently holding the title for the best-selling game globally. Meanwhile, a new release is drawing inspiration from these two well-known independent successes.
Developed by Atypical Games,
Cubic Odyssey
is a forthcoming game scheduled for release in 2025 that heavily borrows elements from
No Man’s Sky
’s planetary exploration
, combined with
Minecraft
The visuals and gameplay mechanics showcased by the developer through these images stand out.
Cubic Odyssey
‘S expansive universe, complete with various biomes and alien worlds. The similarity to
Minecraft
It stands out significantly since certain scenes in the game’s promotional video might easily be confused with maps from the well-known sandbox genre. However, this title distinguishes itself by enabling players to venture into vast outer space and uncover uncharted planets.
Cubic Odyssey Merges No Man’s Sky’s Cosmic Exploration with Minecraft’s Visual Style
The game will boast many interesting features and content, including an array of planets with varied flora and fauna, resources to mine, and the ability to craft tools, weapons, and vehicles needed for players’ journeys. Moreover, every planet will be filled with NPC cities, pirate outposts, and secrets for players to uncover. The developer promises an “endless galactic odyssey,” and while it doesn’t mention
procedural generation like
No Man’s Sky
It hints at a wide array of star systems and events, all woven into a narrative focused on an outbreak that causes mutations among wild creatures.
Furthermore, gamers can team up to combat the outbreak by battling foes and constructing buildings collaboratively as they switch between interplanetary vehicles and spaceships.
Cubic Odyssey
will incorporate an RPG framework allowing players to enhance abilities and customize their avatars through various decisions and improvements throughout the game sessions. Although the development team has not specified exact timing, enthusiasts anticipate the title dropping sometime in 2025. It’s yet to be determined how closely it will emulate specific elements of design and play mechanics from others.
Cubic Odyssey
can reach the same
level of success as
Minecraft
and
No Man’s Sky
.
by admin | Aug 21, 2024 | gamers, movies, nintendo, video game industry, video games
It’s perfectly fine for a game to have a shorter duration. A lot of contemporary video game creators often make the mistake of padding their creations with excessive fillers, potentially detracting from what gamers simply wish to savor rather than slog through countless hours of superfluous material before reaching the worthwhile parts. That explains why many people gravitate towards Nintendo titles; they generally eliminate the excess baggage so players can dive right into an exciting adventure without interruption from beginning till end.
