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Ubisoft Announcements Abound!

Splinter Cell and R.U.S.E. get delayed; Assassin's Creed gets multiplayer.


 GAAAAAAAAAAAMES!
Earnings calls can be a real gamble. Most of the time, you spend 45 minutes basically listening to a spreadsheet. It's probably riveting to investors and business-types, but if all you really care about are the games, it couldn't be dryer. Occasionally, though, the bean-counters end up slipping in some announcements that are relevant to the end user, and today's Ubisoft call was just one of those occasions.

The general theme of the call was the lowering of sales projections for fiscal 2009-2010, due in part to the fact that both Splinter Cell: Conviction and R.U.S.E. would not make their previously announced release dates. This is another in a long string of delays for Conviction, though this one's pretty minor in the grand scheme, pushing the date back to April 2010.

Perhaps the most startling bit of news to come out of the call was the revelation that there is another Assassin's Creed "episode" in the works for this year that will feature an online multiplayer mode. I might say that sounds like a categorically bad idea, but I've dug the way Ubisoft has handled multiplayer in its Splinter Cell games, and I'm intrigued by the promise of both assassinating another assassin and team-based assassinations.

It was also mentioned that Ubisoft has plans for new Ghost Recon and Raving Rabbids games, though no further details were given. I'm personally hoping for a sequel to Rabbids Go Home, rather than the worn-out mini-game collections those looney vermin were previously associated with.

Here's a press release that was posted as a companion piece to the earnings call. Enjoy!

Paris, January 13, 2010 – Today, Ubisoft updated its 2009-10 targets.

The sales targets for third-quarter and full-year 2009-10 have been revised downwards to €495 million and around €860 million respectively, from the previously announced figures of €540 million and €1,040 million.

These downward revisions are due to the following factors:

- A further correction in the market for DS titles. After several years of very strong growth, the significant correction of the DS market in 2009 particularly affected Ubisoft. As a result, despite relatively robust sales for Wii casual games, and particularly the success of Just Dance, sales in the casual segment are expected to be down for the full year by around €160 million, representing a drop of around 50%.

- Further market concentration towards AAA high-quality games. Ubisoft has demonstrated its ability to react to this trend through the success of Assassin’s Creed 2, which has achieved sell-through sales topping 6 million. However, not all of the Company’s games have reaped the full benefits of the measures implemented, with James Cameron’s Avatar™: The game and several non-casual Wii titles reporting lower-than-expected sales.

- Underperformance by back catalog titles due to both of the above-mentioned trends.

- The postponed release dates for Tom Clancy’s Splinter Cell Conviction™ and R.U.S.E™, which were previously scheduled for the fourth quarter of 2009-10, and will now be released in 2010-11. Splinter Cell Conviction™ is now expected to hit the stores in April 2010.

In addition, Ubisoft now expects to end the year with a current operating loss before stock-based compensation of around €50 million, rather than the previously announced target of current operating income amounting to at least €70 million. This negative swing reflects the following:
- Lost earnings due to lower-than-expected sales.
- Additional depreciation and impairment charges for:
o under-performing products and back-catalog titles,
o abandoned projects, as well as certain games scheduled for release in future periods,
o write-downs of inventories.
- The postponed release dates for Tom Clancy’s Splinter Cell Conviction™ and R.U.S.E™.

Yves Guillemot, Chief Executive Officer, stated "Despite a number of highly successful titles, such as Assassin’s Creed 2 – which is expected to reach 9 million sell-in units by the end of March 2010 – and Just Dance – our great Wii success during the holiday season – Ubisoft has not met its financial targets. The considerable contraction in the DS market during the year particularly affected Ubisoft, leading to a €160 million, or almost 50%, year-on-year drop in the Company’s casual segment sales. At the same time, like in 2008, the year 2009 saw the release of many more very high-quality games than in the past. Against this backdrop and with a view to further reducing our exposure to the DS, we intend to continue to refocus our development resources on our major franchises and on the Xbox360 and PS3, the two consoles which are expected to see sales growth in games for gamers in 2010. Ubisoft has already demonstrated its capacity for success in the high-end games market thanks to Assassin’s Creed 2, with sales 40% higher than for the first title. The 2010-11 line-up – which is stronger in franchises for Xbox360 and PS3 – reflects our refocusing efforts and should enable us to both win market share and enhance our profitability.”

Initial information on the 2010-11 line-up

The 2010-11 fiscal year will see a greater number of franchise releases than in 2009-10, including Tom Clancy’s Splinter Cell Conviction™, a new game in the Tom Clancy™’s Ghost Recon® series, Prince of Persia The Forgotten Sands™, Driver®, Raving Rabbids™ 4 and a new episode of Assassin’s Creed®, which will be the first in the series to have an online multiplayer mode. The 2010-11 line-up will be more focused on the Xbox 360® and PLAYSTATION® 3, the consoles which are expected to experience sustained sales growth in games for gamers in calendar 2010. Other new franchises and innovations will also be announced throughout the year.

Ubisoft will release its final sales figures for the third quarter of 2009-10 in February.

67 Comments
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Posted by Claude

  GAAAAAAAAAAAMES! What are those? Oh yeah, good for me.

Posted by Capt_Ventris

BWWWAAAAAAAAAAAAHHHHHHH!!!!!!

Edited by Stephen_Von_Cloud

Didn't realize that Assassin's Creed deal was this year.  That could be troubling.  "Multiplayer" I see being co-op, which would be awesome.

Posted by MachoFantastico

All for more Rainbow Six, Ghost Recon and Assassins Creed. I'd be more for Prince of Persia if it weren't based on the movie. Whatever happened to the new image for the franchise?

Posted by Xeiphyer

If they execute the AC2 multiplayer properly, it could be amazing. I would love to play some assassiny stuff with a buddy. I am officially intrigued.
 
 
Also, this is the way to do bad news, couple it with good news.

Posted by JackSukeru

Man I love the Rabbids, I always feel kind of bad for never playing any of their games.

Edited by phrosnite

Nooooooooooooooooooooooooooooooooo! Splinter Ceeeeeeeeeeeeeeeeeeeeeeeeeelll!
 
Grrr! What are you doing Ubisoft? Where's Beyond Good and Evil 2? I want info!

Posted by John

I believe this multiplayer AC is it's own thang. Not part of our beloved AC2. Witch btw... what the fuck is the dlc going to go live? Were starting the later half of the Jan and still nothing.

Posted by Jimbo

Great to see Assassin's Creed still selling so well.
 
I could see some co-op AC being very satisfying, but not really interested in competitive.

Posted by Natemio

Awesome news but then again i didn't read them lol

Posted by ITSSEXYTIME
@kagekage:

Yes it did, but I've played plenty of other amazing games that sold like shit.  What sets demon souls apart is it was a niche title with a strong enough following to spread the word and have a substantial influence on the market.

Posted by Evinco

Assassin's Creed is just one of the games that doesn't need multiplayer.

Posted by Kyreo
@phrosnite said:
" Nooooooooooooooooooooooooooooooooo! Splinter Ceeeeeeeeeeeeeeeeeeeeeeeeeelll!  Grrr! What are you doing Ubisoft? Where's Beyond Good and Evil 2? I want info! "
Word.
Posted by Daryl

Assassins Creed 3: Conviction. 
Heard it here first. 

Posted by Little_Socrates

Wow, I think my friend and I might actually be right about how AC is gonna go down. Sick.

Posted by MaddProdigy

OMG WE IZ BROKE BICHEZ!!!
but we make really good games cuz assazins creed done gone and sold so well
BUT WE IZ BROKED AS SHIZNIT!!!
but were really good cuz assazins creed 2 beat the first game by 40 percent
BUT WTF R WE GONNA BUY OUR FERRARIS WIT

Posted by AchievementsAreFun

Skeptical on the AC II online mode, but we will see what that is like.