The French Ubisoft video game giant began its reorganization on Wednesday with the operational launch of Vantage Studios, a new subsidiary that groups its larger brands, he told AFP.
This structure will work under license with ubisoft the saga Assassin’s Creedwhich has totaled more than 158 million players since 2007, as well as the series Cry AND Rainbow Six.
“Total” autonomy
She “will have total autonomy in creative management and investment projects (…) while remains integrated into the group,” said the company.
Created at the end of March with a contribution of 1.16 billion euros of the Chinese group Tencent, which has 25%, “Vantage Studios” was valued at more than 4 billion euros.
The completion of the transaction, scheduled by the end of 2025 subject to the validation of the regulatory authorities, will also allow Ubisoft to delight.
This new subsidiary includes teams that work in the three Sagas of their Canadian studies in Montreal, Quebec, Sherbrooke and Saguenay, as well as those of Ubisoft Barcelona in Spain and Sofía in Bulgaria.
Directed by Charlie Guillemot, son of CEO Yves Guillemot, and Christophe Duennes, Vantage Studios, whose name comes from an internal vote of employees, should bring together more than 2,300 of the 17,000 employees of the group.
Hope of a second breath for Ubisoft
This is the first “Creative House” (“Creation House”, in French) of Ubisoft, its new operational model presented last summer and is supposed to distribute better the group’s many brands.
The company must give more details about the form that these new business units will take by the end of the year.
With this reorganization, the group expects to find a second breath after a first quarter below their expectations, despite the success of its box office success Assassin’s Creed Shadows.
He has also suffered several half -tone releases in recent years, as well as the early stop in his online shooting game. Xdeter.
This announcement occurs when Yves Guillemot is cited on Wednesday before the Bobigny court, with the Ubisoft company, as a legal person.
This meeting is part of the legal procedures that in early July, three of the former Ubisoft executives convicted of acts of moral and sexual harassment within the company that occurred before 2020, as well as an attempt of sexual aggression for one of them, after a very publicized trial.
Source: BFM TV
