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Ubisoft Announces $500 Million Investment

Business & GovernmentNews
by Jon Martindale, 03 May 2012News

Ubisoft has announced the investment of over half a billion dollars into its Toronto facility. As part of the move, the employee head count will jump to over 800 over the next decade, increasing the current number four fold.

Set up in 2009, the Toronto studio currently maintains 210 game developers, all working on the next Splinter Cell title. With the success of the Assassin's Creed games made by the Montreal branch though, Ubisoft wants to see that duplicated in its other studios.

"We are, in a way, applying the same recipe," said Ubisoft Montreal CEO Yannis Mallat when discussing the investment. "We've been sending over experienced, senior people from Ubisoft Montreal as a guarantee that they immediately get traction and speed and knowledge in place so that they can recruit the best people. You can't hope to have a studio up and running in one year by just hiring junior people."

Tax breaks and subsidies have made this mammoth investment possible, with Ontario's government promising over $250 million CAD over a ten year period. Local labour costs are also reduced, allowing for such high employee head counts.

There are several regions in Canada famed for their video game developers, Quebec and British Columbia being the most famous. However with the boost at the Toronto studio, it could mean Ontario soon joins the ranks of video game development hubs.

Source: Financial Post

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