Following the establishment of a new joint venture with Tencent only a few months ago, Ubisoft has disclosed in their recent financial report the primary objective of this new company. According to Ubisoft’s statement (source: WCCFTech), this subsidiary, bolstered by Tencent’s expertise, will concentrate on cultivating ecosystems around some of Ubisoft’s major brands and transforming them into billion-Euro franchise series.
Under this project, the subsidiary aims to enhance the caliber of solo, story-centric games, broaden the existing live-service options provided by Ubisoft with regular content additions and multiplayer functionality, venture into mobile gaming, and penetrate markets abroad, particularly China.
According to their earnings report, Ubisoft announced that they formed a new subsidiary with Tencent, which is part of their strategy to keep producing and sustaining open-world games and live-service titles. This move was made following an extensive assessment of their project pipeline from October to December. The restructuring, as mentioned in the report, has significantly contributed to the high quality of “Assassin’s Creed Shadows”. Further details about how this change will impact Ubisoft in the future will be disclosed later this year.
The company is actively restructuring its operational strategy at present, aiming to improve player satisfaction, enhance game quality, and ensure prudent use of resources. Management plans to unveil the new organizational structure by the end of this year.
According to Ubisoft’s financial report, the partnership with Tencent emphasizes that Ubisoft continues to hold the rights to its flagship intellectual properties such as Assassin’s Creed, Far Cry, and Rainbow Six. In this agreement, Tencent has invested €1.16 billion for a 25% minority share in a new Ubisoft subsidiary.
In simpler terms, Tencent is planning to invest around 1.16 billion euros in a new company they’re creating (the New Subsidiary). This investment will give them roughly a quarter of the economic control in this new company. Additionally, at least half a billion euros from this investment will be sent directly to Ubisoft initially, providing the necessary startup funds for the New Subsidiary.
Back in March, Ubisoft unveiled a new joint venture with Tencent. At this reveal, they highlighted that they would retain exclusive, irreversible, and eternal rights to the specified intellectual properties. As the primary company, Ubisoft will also continue receiving royalties from these IPs.
According to Yves Guillemot, Ubisoft CEO, today marks a fresh start in the company’s journey. As we speed up our transition process, this move is a cornerstone in redefining Ubisoft’s business model. Our goal is to establish robust game environments that continue to thrive, cultivate successful brands, and develop innovative intellectual properties leveraging advanced and emerging technologies.
In their latest launch, the company unveiled “Assassin’s Creed Shadows”, a title they claim has significantly outperformed its predecessors, Odyssey and Valhalla, in terms of player count. You can find this action-packed game on PC, PlayStation 5, and Xbox Series X/S. For a comprehensive take, don’t forget to read our review for additional insights.
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2025-05-15 17:41