It’s not a good time to be a fan of Ubisoft. On July 21st, the French video game company announced it was delaying the release of Avatar: Frontiers of Pandora. Instead of coming out in December to coincide with the release of the second Avatar movie, the game is now scheduled to be launched sometime after March of 2023.
Unfortunately, the bad news didn’t end there. On the same day, Ubisoft also announced that it was being forced to cancel four games. This means we will no longer be getting a Splinter Cell virtual reality or Ghost Recon: Frontline. On top of that, two additional unannounced games had to be canceled by the company. Ubisoft did not give an exact reason for these cancellations and delays.
In a companywide email sent out by CEO Yves Guillemot, he explained that the current state of the global economy is forcing Ubisoft to “carefully and strategically” manage the business’ critical investments. In the note, Guillemot told employees they “must therefore succeed in strongly limiting our spending to what is essential by questioning some of our habits and reflexes.”
He said that the company must also reinvent itself in order to become more efficient and cost-effective. However, towards the end of the letter, Guillemot did reiterate that Ubisoft is aiming to record over $400 million in profits this year.