|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 2023:||$4.5 Billion|
The gaming industry has really come around over the years. Companies are pushing the boundaries of technology each and every day. New technologies and gaming concepts have been developed and improved each and every year and the companies at the top must be willing to go as far as they can to become the best in this field.
At the moment, there are numerous gaming companies that are taking the world by storm, among them is Ubisoft. Ubisoft is a French video game company that has been competing with some of the biggest gaming companies in the world today.
Ubisoft has numerous development studios across the world but its headquarters are in Montreuli. The company has a reputation for developing open-world sandbox games. Some of the biggest names produced by the company are Raymans, Raving Rabbids, Prince of Persia, Watchdogs, Assassin’s Creed, Just Dance and many others.
If we use numbers, Ubisoft is the fourth-largest publicly traded game company in Europe and America in terms of revenue and market capitalization. The three biggest companies are Activison Blizzard, Electronic Arts, and take-Two Interactive.
Well, how well do you know about Ubisoft? If not much, we have compiled all you need to know about Ubisoft’s net worth in 2023, wiki and complete details. Well, if you’re all set, here is what we know about Ubisoft to date.
The Guillemot family over the years had established themselves as a support business for farmers in France, in the Brittany Province. The family has five sons; Christian, Claude, Gerald, Michel and Yves. Before the sons joined university, they helped with sales, distribution, management, and accounting in the company. In university, they gained some business experience which they brought back home to the family.
They decided to diversify their business, by including the sale of CD audio media and later, computer and additional software. In the early 1980s, they began importing materials from the United Kingdom because they were cheaper and by 1986, the company was making around 40 million French francs. The name Ubisoft was introduced in 1986 when they started creating and selling video game software.
They operated in Paris, moved to Creteil in 1986, and they used the château in Brittany as the primary space for development. They hired all the necessary employees they needed, and business began. Their initial games were Zombi, Cine Clap, Fer et Flamme and Masque. Their first game, Zombie, was a huge success and sold over 5,000 copies.
At around 1988, the costs for the chateau in Brittany, were too much for the company, they therefore had to relocate to Paris. However, Michael Ancel, was allowed to work in Montpellier since his family couldn’t afford the cost of living in Paris. In Montpellier, Ancel developed the game that put Ubisoft on the map, Rayman.
By 1993, Ubisoft was the largest distributor of video games in France. In 1996, the company raised $80 million in order to expand the company. They established studios in Annecy, Shanghai, Montreal and Milan. The company was struggling to break through the American market but when the spread of the Internet took center-stage in the late 90s, the company decided to take advantage.
They created the online free-to-play titles, like GameLoft, which increased the share value of the company five-fold. They acquired Red Storm Entertainment, which gave them access to the Tom Clancy series. After releasing Tom Clancy’s Splinter Cell, the exclusive Xbox title, the popularity of the company continued to increase.
The success of Ubisoft has been quite tremendous. The release of the Assassin’s Creed in 2007 was a huge success for them since the game ended up being its own series, despite the fact that it was intended to be a sequel to the Prince of Persia; the Sands of Time. They also made other purchases like the Driver franchise from Atari, Inc., Hybride Technologies, Massive Entertainment from Activision and South Park: The Stick of Truth from THQ.
The company’s success has been tremendously consistent throughout the years. However, the company had a few bumps in the road which affected them. The first one was the threat of a hostile takeover by Vivendi, the French mass media company that threatened to buy its way into the company. Secondly, the company was under fire when there were some claims of sexual misconduct amidst the #MeToo movement in 2019 and 2020. The employees involved were forced to step down, including Hascoet.
Awards & Achievements
Ubisoft has been a successful company for a long time now and it has made some huge strides in the gaming community. It has made some of the most popular games on the planet and has been a big part of the entertainment industry. The company has received a number of awards for its contributions in the gaming world. Some of the awards are as follows; 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.
Net Worth & Earnings of Ubisoft in 2023
Ubisoft’s consistent success is obviously going to reward the company with some financial rewards. The company has been creating video game software for nearly three decades now. It has emerged as a major player in the industry that shouldn’t be looked down upon. As of 2023, the company has a net worth of approximately $4.5 billion.
Ubisoft is the biggest video game supplier in France and one of the biggest in the world. It has created some of the best games in the world, and it is immensely successful. We look forward to the company’s growth in the business and the exciting games that they will release.