According to Ubisoft’s new financial report, three unannounced games have been canceled and the long-awaited title Skull & Bones has been delayed for the sixth time in a row. “Ubisoft” announces that the cause of the existing financial problems was the poor performance of the company’s recent games.
Ubisoft announced that it has canceled three unannounced games and the release date of Pirates Skull & Boneshas been postponed for the sixth time. Ubisoft announces that the company is facing big challenges. The company’s recent titles such as Mario + Rabbids Sparks of Hope and Just Dance 2023 also performed poorly in terms of sales.
This morning, Ubisoft detailed in its press release that the company has outlined a new strategy for the remainder of the fiscal year, as well as lowering expectations for its last fiscal quarter. Ubisoft announced that the company faces major challenges as the gaming industry continues to shift towards big brands and legacy titles that can provide players with access to platforms and business models.
While “Ubisoft” points out that its goal was to produce big, inclusive and global brands, it adds in this statement:
Some of the company’s games have yet to be funded, as recent launches have performed poorly in sales compared to the company’s expectations.
In this statement, Ubisoft exclusively mentions Mario + Rabbids Sparks of Hope. Despite “having an ambitious marketing plan,” the game performed poorly at the box office in the final weeks of 2022 and early January. This even includes the latest version of the popular Just Dance series.
Cancellation of 3 Ubisoft games and postponement of the release date of Skill & Bones
Next, Ubisoft explains about the release status of Skill & Bones. The company postponed the release date of this long-awaited title for the sixth time. Ubisoft plans to release the game early in the 2023-2024 fiscal year. Players may also get a chance to experience Skill & Bones in late December this year.
Ubisoft plans to reduce the cost of production and development of its premium and free games next year. The company plans to focus on restructuring and cost reduction in 2023. With the news of the cancellation of 3 Ubisoft games, investors are undoubtedly worried about the status of the company’s future projects. It remains to be seen what Ubisoft has planned for its upcoming games like Avatar: Frontiers of Pandora, Assassins Creed Mirage and Skill & Bones.
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