Tag: cancels
Erkin Tuniyaz: Chinese official cancels controversial UK visit
HBO Cancels Sci-Fi Comedy Series Avenue 5 After Two Seasons
Back in 2020, HBO premiered its comedy series Avenue 5 from Veep creator Armando Iannucci. Starring Hugh Laurie and Josh Gad, the show about a luxury spaceship knocked off course during a routine cruise event has had a long gap between that debut season and its second outing, the latter of which hit back in October…
Regenerative medicine developer Biostage cancels Nasdaq uplisting, public offering
EA, which loves to cancel Titanfall games, cancels secret Titanfall game
A report says a secret single-player Titanfall 2 follow-up has been axed, alongside the planned mobile game
Respawn cancels single-player Apex Legends/Titanfall game
An announced game in the Titanfall and Apex Legends universe has been cancelled at developer Respawn, according to a new report. Code-named Titanfall Legends, this new FPS game has gotten the axe after publisher Electronic Arts posted a disappointing financial outlook for the quarter and announced it was cancelling its Battlefield and Apex Legends mobile games as well.
MORE FROM PCGAMESN: Apex Legends characters guide, Apex Legends skins, Apex Legends map guide
EA cancels mobile Apex Legends and Battlefield games, shutters Industrial Toys studio
Daily Crunch: Amazon cancels charitable donation initiative so it can focus on ‘programs with greater impact’
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Daily Crunch: Amazon cancels charitable donation initiative so it can focus on ‘programs with greater impact’ by Christine Hall originally published on TechCrunch
Ubisoft is having a bad time, cancels more unannounced games as its share price plunges
Ubisoft cancels three games and delays ‘Skull and Bones’ yet again
Things aren’t exactly going smoothly over at Ubisoft. The publisher has canceled another three games, following the four titles it killed last summer. Not only that, the company has announced yet another delay for Skull and Bones — a game we first tried all the way back at E3 2017. The pirate sim was supposed to finally emerge on March 9th, but Ubisoft has delayed it until the early part of its 2023-24 fiscal year, which starts in April. This is the sixth publicly announced delay of Skull and Bones.
“Players will be able to discover the beauty of Skull and Bones in the upcoming beta phase. The additional time has already paid off and brought impressive improvements to its quality, which has been confirmed by recent playtests,” Ubisoft said in a financial statement. “We believe players will be positively surprised by its evolution. We have decided to postpone its release in order to have more time to showcase a much more polished and balanced experience and to build awareness.”
Meanwhile, the company lowered its financial projections target for the October-December quarter from around €830 million ($891 million) to approximately €725 million ($779 million). Mario + Rabbids: Sparks of Hope and Just Dance 2023 didn’t perform as well as the company expected. “We are facing contrasted market dynamics as the industry continues to shift towards mega-brands and everlasting live games, in the context of worsening economic conditions affecting consumer spending,” CEO Yves Guillemot said.
Ubisoft expects its net bookings to fall by 10 percent for the year. Previously, the company expected that those revenues would increase by 10 percent. All told, Ubisoft has reduced its estimated operating income for this year by around $1 billion.
Going forward, Ubisoft is tightening its belt and will focus on fewer games. The company is depreciating €500 million ($538 million) in research and development on the canceled games, as well as its upcoming premium and free-to-play titles. It’s also aiming to reduce costs by over €200 million ($215 million) in the next two years through “targeted restructuring, divesting some non-core assets and usual natural attrition.” However, it plans to keep hiring “highly talented people” for its major projects.
Aside from Skull and Bones, perhaps the biggest title Ubisoft currently has on the docket for this year is Assassin’s Creed Mirage. Avatar: Frontiers of Pandora is slated to arrive by the end of March 2024 as well. Other unannounced premium games are in the pipeline for the next fiscal year, including “a large one.” Free-to-play titles for some of Ubisoft’s biggest brands are in the works too. Given its current state of affairs, the company will need most, if not all of those, to be hits.