Ubisoft Overhauls Operations, Cancels Six Projects

Ubisoft, the French video game publisher, announced a sweeping organizational overhaul on Wednesday, cancelling six projects including the long-awaited Prince of Persia: The Sands of Time remake, delaying seven others, and closing two studios amid efforts to navigate a more competitive industry landscape.

The restructuring, described by company executives as a "major reset," aims to address rising development costs and restore sustainable growth by focusing resources on high-quality titles. Ubisoft plans to cut costs by 500 million euros over the next few years, including an initial 100 million euro reduction by March 2026 and an additional 200 million in the following two years. The moves come as the company anticipates a 1 billion euro operating loss for the current fiscal year, largely due to the financial impact of project cancellations and workforce adjustments. In the third quarter of fiscal year 2026, however, Ubisoft reported net bookings of 330 million euros, bolstered by strong back-catalog sales and partnerships, with standout performances from titles like Anno 1800 and Avatar: Frontiers of Pandora.

Among the cancelled projects are the Prince of Persia: The Sands of...