81–90 of 118 posts
It looks like their business model is mostly just remakes and remasters now with these closures. Does the C suite really believe that they can just milk those IPs forever and never create anything new?
What are you talking about? The one remake is the thing that was cancelled.
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This is the business model for most of the large gaming companies at this point. Activision had three or four studios dedicated to Call of Duty leapfrogging each other to release one every year. ( https://en.wikipedia.org/wiki/Call_of_Duty ) Their last (2022, pre-acquisition) annual reports literally spell that out. > For example, in 2022, revenues associated with our three franchises—Call of Duty, Warcraft, and Cand…
CoD is a different beast though. In 2021, PlayStation tracked that that 1 million players on their console only had CoD installed and played no other games. Most Ubi franchise aren't that type of game ouside Rainbow Six which has a lot of years on it now. Ubisoft games used to be varied and innovative and they boiled a dozen IP's down to the exact same open world slop with different coats of paint while sending loved…
Yeah, it’s got a 30th anniversary coming up in 2 years.
Stock down over 39% since this announcement, brutal. https://finance.yahoo.com/quote/UBI.PA/
Stock down over 39% since this announcement, brutal. https://finance.yahoo.com/quote/UBI.PA/
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that's not how stock prices work. look at the market cap or the multiple of it over revenue / profit / employees / whatever comparable metric
It's anecdotal, I'm not asserting anything about how stock prices work. I merely pointing out something I didn't expect. Jesus I hate this forum sometimes.
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For every worker asking for more wages, there's the executives and capitalist class (who doesn't work) demanding even larger increases for themselves. Media often don't ask "hey, maybe you don't need such exorbitant profit" because they are themselves then owned by capitalists who don't work and don't need such outsized wealth.
The entire Guillemot family is ridiculously wealthy from Ubisoft and calling their employees greedy.
Stock down over 39% since this announcement, brutal. https://finance.yahoo.com/quote/UBI.PA/
40% is not earth-shattering when it closed at $6.73 yesterday.
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It's anecdotal, I'm not asserting anything about how stock prices work. I merely pointing out something I didn't expect. Jesus I hate this forum sometimes.
The problem is that comparing two stock prices is meaningless; it's comparing apples to oranges. People are commenting that your conclusion (Ubisoft's stock price is less than our stock price, which dropped 75%, so Ubisoft has a problem) is a logical fallacy. This is the finance equivalent of a divide by zero error.