The gaming industry has come a long way in recent years. Every day, businesses are pushing the technological envelope. Every year, new technologies and gaming concepts are developed and improved, and the top companies must be willing to go to any length to become the best in this field.
Ubisoft is one of many gaming companies that are currently taking the world by storm. Ubisoft is a video game company based in France that competes with some of the world’s largest gaming companies.
Ubisoft is headquartered in Montreuli and has numerous development studios around the world. The studio is known for producing open-world sandbox games. Raymans, Raving Rabbids, Prince of Persia, Watchdogs, Assassin’s Creed, Just Dance, and many other titles have been produced by the company.
In terms of revenue and market capitalization, Ubisoft is the fourth-largest publicly traded game company in Europe and America. Activison Blizzard, Electronic Arts, and Take-Two Interactive are the three largest companies.
So, how well-versed in Ubisoft are you? If not much, we’ve compiled everything you need to know about Ubisoft’s net worth in 2021, including a wiki and detailed information. So, if you’re ready, here’s everything we know about Ubisoft so far.
|Legal Name:||Ubisoft Entertainment SA|
|Headquarters Regions:||Montreuil, France|
|Founded Date:||12 March 1986|
|Founders:||Yves Guillemot, Michael Guillemot, Claude Guillemot, Gerard Guillemot, Christian Guillemot|
|Number of Employees:||18000+|
|Area served:||United States of America and world|
|Products of Company:||video game company|
|Net Worth in 2021:||$4.5 Billion|
Over the years, the Guillemot family had established themselves as a support business for farmers in the Brittany Province of France. Christian, Claude, Gerald, Michel, and Yves are the family’s five sons. Before going to university, the sons assisted the company with sales, distribution, management, and accounting. They gained some business experience at university, which they brought back to the family.
They decided to broaden their business by selling CD audio media and, later, computers and related software. They began importing materials from the United Kingdom in the early 1980s because they were less expensive, and by 1986, the company was turning over around 40 million French francs. When Ubisoft began developing and selling video game software in 1986, they were given the name Ubisoft.
They started in Paris, moved to Creteil in 1986, and developed their business primarily in a château in Brittany. They hired all of the necessary employees and got down to business. Zombi, Cine Clap, Fer et Flamme, and Masque were their first games. Zombie, their first game, was a huge hit, selling over 5,000 copies.
The costs of the chateau in Brittany became too high for the company around 1988, and they were forced to relocate to Paris. Michael Ancel, on the other hand, was permitted to work in Montpellier because his family could not afford to live in Paris. Ancel created Rayman, the game that put Ubisoft on the map, in Montpellier.
Ubisoft was the largest video game distributor in France by 1993. In order to expand the business, the company raised $80 million in 1996. They opened studios in Annecy, Shanghai, Montreal, and Milan, among other places. The company was struggling to break into the American market, but when the Internet became mainstream in the late 1990s, it decided to seize the opportunity.
They developed online free-to-play games, such as GameLoft, which increased the company’s stock value five-fold. They bought Red Storm Entertainment, gaining access to the Tom Clancy franchise. Following the release of Tom Clancy’s Splinter Cell, an exclusive Xbox title, the company’s popularity skyrocketed.
Ubisoft has had a tremendous amount of success. Despite the fact that it was intended to be a sequel to Prince of Persia: the Sands of Time, the release of Assassin’s Creed in 2007 was a huge success for them because the game grew into its own series. Other acquisitions include Atari, Inc.’s Driver franchise, Hybride Technologies, Activision’s Massive Entertainment, and THQ’s South Park: The Stick of Truth.
The company’s success has remained remarkably consistent over the years. However, there were a few stumbling blocks for the company. The first was a hostile takeover threat from Vivendi, a French media conglomerate that threatened to buy its way into the company. Second, during the #MeToo movement in 2019 and 2020, the company came under fire for allegations of sexual misconduct. Hascoet was among the employees who were forced to resign.
Achievements & Awards
For a long time, Ubisoft has been a successful company that has made significant contributions to the gaming community. It has produced some of the world’s most popular games and has played a significant role in the entertainment industry. The company has won several awards for its contributions to the gaming industry. Best Xbox One game (Gears 5), Best Nintendo Switch game (The Legend of Zelda: Link’s Awakening), Best PlayStation 4 game (Dreams), and many others are among the awards.
Ubisoft’s Net Worth and Earnings
Ubisoft’s consistent success will undoubtedly bring financial benefits to the company. For nearly three decades, the company has been developing video game software. It has established itself as a major player in the industry that should not be dismissed. The company’s net worth is estimated to be $4.5 billion.
Ubisoft is France’s largest and one of the world’s largest video game companies. It is a hugely successful company that has produced some of the best games in the world. We anticipate the company’s continued growth and the exciting games that will be released.