French video game publisher Ubisoft will undergo a reorganisation, splitting the company into five creative divisions, it said on Wednesday, while also revising its financial outlook. The revamp, set to commence in early April, divides Ubisoft into five units focusing on specific game genres. The company also announced the cancellation of six games, including a “Prince of Persia” remake and three unannounced titles, alongside delays to seven other projects.
Under the new structure, Ubisoft’s five “Creative Houses” will oversee their portfolios from brand development to sales, and be responsible for their own budget. Each division will have separate management teams. Their pay will be tied to metrics like player engagement and value creation, the company said. The first unit, Vantage Studios, established in November with a 1.16 billion euro investment from China’s Tencent, will manage Ubisoft’s biggest franchises, including “Assassin’s Creed”. The four other units will respectively focus on multiplayer shooters, live services, narrative-driven games, and casual and family games.
