Page 1 of 1

Playstation Universe Report that Ubisoft’s Board Of Directors Will Investigate And Review The Company To Find A Way Out

Posted: Thu Sep 26, 2024 4:41 am
by MedoSamer2
At the start of this year, it looked like Ubisoft was about to have one of its best years in a long time. Even with Skull & Bones coming out and being not at all worth the wait, it had two stellar Prince Of Persia games at the beginning of the year, with Star Wars: Outlaws and Assassin’s Creed Shadows on the horizon. Fast-forward to now, and the company’s share prices have hit lows they’ve not even gone near in years. Outlaws sales performed “softer than expected,” and Shadows has been delayed in 2025. Undeniably, Ubisoft has hit a slump, and today with a press release that announced the Shadows delay and Outlaws lackluster performance, chief executive officer Yves Guillemot also confirmed that the company’s Board of Directors will be launching an investigation in the company to see how it can pull itself back onto the hot track. “In the light of recent challenges, we acknowledge the need for greater efficiency while delighting players. As a result, beyond the first important short-term actions undertaken, the Executive Committee, under the supervision of the Board of Directors, is launching a review aimed at further improving our execution, notably in this player-centric approach, and accelerating our strategic path towards a higher performing model to the benefit of our stakeholders and shareholders.” It’ll be intriguing to see what this investigation turns up, and the changes that could come out of it. With recent calls from minority stakeholders to have Guillemot removed from his position, it wouldn’t seem like a coincidence if leadership changes are in Ubisoft’s future. Source – [Ubisoft] The post Ubisoft’s Board Of Directors Will Investigate And Review The Company To Find A Way Out Of Its Current Slump appeared first on PlayStation Universe.

Source: https://www.psu.com/news/ubisofts-board ... ent-slump/