Ubisoft Reports €78m Loss

Posted by Staff
Ubisoft Reports €78m Loss
Ubisoft has announced substantial losses for the half year ending in September. The full set of results can be found here. This figure is based on sales for the first six months of 2009-10 of €166.0 million.

Yves Guillemot, Chief Executive Officer is bullish, saying,"First week sales of Assassin’s Creed II, up 32%, with positive initial indications for the second week, combined with an overwhelmingly warm reception from gamers, validates our strategy of developing bigger franchises.

"Based on this initial data, Assassin’s Creed 2 (sic) looks well positioned to outstrip targets while our Wii games have got off to a more contrasted start in a less predictable market. Finally, sales of James Cameron’s Avatar:The Game should benefit from the launch of the movie which is expected to be the biggest blockbuster of this holiday season."

Relying on Avatar then? A videogame based on a movie? That bodes well.
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