June 7, 2023
04 12

The macroeconomic environment continues to deteriorate, Ubisoft announced the cancellation of 3 games

Only two weeks into 2023, French game company Ubisoft seems to have taken a pessimistic look at this year’s economic environment. It recently announced that it will cut three game projects in development, plus “Ghost Recon Frontline” and “Splinter” that were canceled in July last year. Cell VR” and other 4 projects, Ubisoft gave up as many as 7 game works in just half a year.

In addition to blaming the deteriorating macroeconomic environment for the decision to cut projects in development, Ubisoft also revealed its own problems, such as the pirate-themed action game “Skull and Bones” being delayed as many as 6 times, and the recently launched “Mario + Rabbids: Sparks of Hope” ” and “Just Dance 2023” were far below expectations, both putting the company under financial pressure. As a result, three projects were cut in half.

Unlike the situation in July last year, Ubisoft did not further disclose which 3 games were cut in half. Market research firm Ampere Analysis published a report in July last year, predicting that the sales of passing games and services in 2022 will shrink by 1.2% year-on-year. As the consolidation of the game industry intensifies and the stock price plummets by more than 38% in 2022, some analysts believe that Ubisoft may become a potential acquisition target for large consortiums.

Source of information and pictures:gameshub

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Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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