What is happening to Ubisoft?

Ubisoft's Project Q has now been reportedly cancelled. The PvP battle arena game was announced less than a year ago in April 2022. They've already delayed Skull and Bones six times now and the recent comments by CEO Yves Guillemot haven't helped.

Why is Ubisoft removing games?

Ubisoft is shutting down access to multiplayer and DLC for some of its older games, and that shows the need for preservation in the industry.

Why is Ubisoft stock dropping?

Ubisoft stocks have plummeted following the news of several cancelled projects and lower than expected sales throughout 2022.

Why is Ubisoft in trouble?

Late on Wednesday, Ubisoft said that it was increasing its writedown estimate to 500 million euros ($538 million) from 400 million and cutting its full-year revenue target after ending 2022 with weaker-than-expected sales. Ubisoft cited the deteriorating economy, marked by lower spending on non-essential goods.

What is Ubisoft working on right now?

Tom Clancy's The Division Heartland

In May 2021, Ubisoft confirmed that a free-to-play The Division 2 spin-off called Heartland is in the works.

What The HELL IS Happening With Ubisoft?

Who owns Ubisoft now?

Chairman/CEO/Co-Founder, Ubisoft Entertainment.

Why can't I play any Ubisoft games?

Update Ubisoft Connect PC to the latest version An outdated version of the desktop app may cause issues with game downloads. Try reinstalling Ubisoft Connect PC before downloading the game again. If the above steps do not resolve the issue, please get in touch, attaching your DxDiag and MSInfo reports to your case.

Is Ubisoft struggling?

For the past few years, Ubisoft has been consistently plagued by internal issues involving alleged misconduct at the highest levels and struggles to grow company sales and live services beyond breadwinners like its “Assassin's Creed” franchise and “Tom Clancy's Rainbow Six Siege.”

Is Ubisoft doing badly?

The company has depreciated roughly €500 million ($538 million) in capitalized research and development expenses related to "upcoming premium and free-to-play games and the newly cancelled titles," which essentially means that money spent developing those games is down the toilet.

What 3 games did Ubisoft cancel?

The underperformance of Just Dance 2023 and Mario + Rabbids Sparks of Hope was called out as a particular surprise, and a core reason for the company's planned future pivots.

Is Ubisoft falling off?

Its share price sank more than 38% in 2022, erasing 3 billion euros from the company's market value. Meanwhile, internal scandals have also haunted the company. Ubisoft underwent an executive shakeup in 2020 following reports of sexual harassment and abuse.

Is Ubisoft worth investing?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ubisoft Entertainment in the last year. There are currently 2 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" UBSFY shares.

Why are people leaving Ubisoft?

Interviews with a dozen current and former Ubisoft developers cite a range of factors for the departures, including low pay, an abundance of competitive opportunities, frustration at the company's creative direction, and unease at Ubisoft's handling of a workplace misconduct scandal that flared in mid-2020.

Is Ubisoft deleting Assassins Creed?

Beyond just being removed from sale, however, "this title will not be accessible following September 1, 2022", a second notice adds. Ubisoft is making a precedent on Steam as Assassin's Creed Liberation HD will not be accessible following September 1st, 2022. Even if you already bought it, a bar new low for consumers.

Can you keep Ubisoft games?

Purchasing the game will give you full ownership, including continued access even if you unsubscribe from Ubisoft+. Depending on the edition your purchased, your progression and in-game content may carry over. The availability of cloud saves may vary between titles.

How is Ubisoft doing financially?

Ubisoft shares are down roughly 25% year-to-date, on top of an almost 40% drop in 2022. The maker of the Assassin's Creed franchise reported on Thursday net bookings of 726.9 million euros ($776.2 million) in its third quarter to the end of December, in line with its forecast.

What is Ubisoft biggest game?

Is Ubisoft a good company?

Is Ubisoft a good company to work for? Ubisoft has an overall rating of 3.8 out of 5, based on over 4,281 reviews left anonymously by employees. 79% of employees would recommend working at Ubisoft to a friend and 58% have a positive outlook for the business. This rating has been stable over the past 12 months.

What game makes Ubisoft the most money?

According to Ubisoft, AC Valhalla has topped $1 billion in revenue, which makes it the highest-earning Assassin's Creed game in series history.

Is Ubisoft removing games from Steam?

And Anno 1800 is actually coming back to Steam after previously having been removed — it's from 2019. But it's no secret that Ubisoft pulled games from Steam to make them exclusive to the Epic Games Store instead, which famously gave publishers millions to attract games to that rival platform.

Why did Ubisoft stop releasing games on Steam?

Ubisoft stopped selling its new releases on Steam back in 2019 due to what it deemed an “unrealistic” business model that didn't "reflect where the world is today in terms of game distribution."

Why is Ubisoft not using Steam?

Ubisoft previously said that abandoning Steam was a business decision. It was one that led to pre-orders for The Division 2 increasing by six times on Ubisoft's own PC storefront (where it doesn't have to pay Valve a 30 percent cut of sales).

When did Ubisoft stop putting games on Steam?

Ubisoft stopped releasing its new games on Steam in 2019. Since then, the likes of Ghost Recon Breakpoint, The Division 2 and Assassin's Creed Valhalla have been released via the Epic Games Store and its own digital distribution platform Ubisoft Connect.