The move will see two studios, Ubisoft Stockholm and Halifax, both closing, with further restructuring taking place at Ubisoft's Abu Dhabi office, RedLynx, and The Division developer Massive Entertainment.
Nevertheless, Ubisoft had provided a release window for the game of 1st January-31st March 2026, suggesting that the game was near completion.
Further to the cancellations, several games have been delayed including one unannounced game, widely reported to be a remake of Assassin's Creed Black Flag.
On the reasons for the cancellations and delays, Ubisoft CFO Frederick Duguet told IGN, "We went through a thorough review of projects across December [and] January, with the current market evolution in mind – which is consistently more selective.
"When you are coming in number one, number two, with great content quality in a given segment, then you can have a very strong reward in terms of player reception and financial performance.
The 'Creative Houses' Duguet mentions refers to the company splitting itself into five independent business units.
View Green Video on the source websiteThe second Creative House will cover shooters such as The Division, Ghost Recon and Splinter Cell, while the third will cover live experiences such as For Honor, The Crew, Riders Republic, Brawlhalla and Skull & Bones.
Lastly, the fifth Creative House will cover family and casual gaming, such as Just Dance, Uno, Hasbro, Idle Miner Tycoon, Ketchapp, Hungry Shark and Invincible: Guarding the Globe.
On the long-term effects of the restructuring, Ubisoft CEO Yves Guillemot wrote a statement to accompany the announcement:
"Ubisoft is entering a new phase – one designed to reclaim creative leadership and build value for players and stakeholders over the long term."
Check out more of our Gaming coverage or visit our TV Guide and Streaming Guide to find out what's on. For more TV recommendations and reviews, listen to The Radio Times Podcast.
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