Latest news with #ChristopheDerennes
Time of India
6 days ago
- Business
- Time of India
Ubisoft names co-CEOs for new subsidiary to lead Assassin's Creed, Far Cry franchises
Ubisoft has appointed Christophe Derennes and Charlie Guillemot as co-CEOs of its new subsidiary, marking a significant step in the company's strategy to transform three of its most valuable franchises into billion-euro properties. The subsidiary, first announced in March, will focus exclusively on developing Assassin's Creed , Rainbow Six , and Far Cry into "evergreen, multi-platform game ecosystems" with backing from strategic partner Tencent . The Chinese tech giant's investment is expected to complete by the end of 2025, pending regulatory approval. Derennes brings 35 years of Ubisoft experience, having co-founded the Montreal studio in 1997 and most recently serving as Managing Director for North America . His operational expertise spans major game launches and production strategy across the company's portfolio. Guillemot represents a new generation of gaming leadership, combining entrepreneurial experience with deep industry knowledge. After starting at Owlient, a studio later acquired by Ubisoft, he co-founded Web3 gaming studio Unagi in 2021 before returning to Ubisoft in 2025. His approach emphasizes gameplay-first design and player-centric decision-making. The new subsidiary structure aims to give development teams greater autonomy and agility in creating next-generation player experiences. This organizational shift reflects Ubisoft's broader strategy to build sustainable, long-term franchise ecosystems rather than traditional single-game releases. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Insider
6 days ago
- Business
- Business Insider
Ubisoft Stock (UBSFY) Slips on New Leadership Changes
Ubisoft (UBSFY) stock was down on Thursday after the video game company appointed leaders for its new spin-off. Christophe Derennes and Charlie Guillemot are the new co-CEOs of the company's spin-off with Tencent (TCEHY). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Derennes is joining the Ubisoft and Tencent spin-off, leaving his role as the managing director for Ubisoft's North America business. Guillemot is the son of Ubisoft co-founder Yves Guillemot. Guillemot addressed claims of nepotism, saying, 'Yes, I'm Yves' son. That's not something I hide from. But my appointment isn't only about family ties; it's about what Ubisoft needs at this moment.' Ubisoft and Tencent have created the new spin-off to change the game developer's operating model. This spin-off now holds the rights to the Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six brands. These are some of Ubisoft's biggest series, and this change will allow a better focus on them. Ubisoft Stock Movement Today Ubisoft stock was down 0.7% on Thursday, signaling possible displeasure from investors over its picks to lead its new spin-off with Tencent. The shares have also fallen 22.46% year-to-date and were down 56.41% over the past 12 months. The poor performance of Ubisoft's stock over the last year was the result of ongoing struggles at the video game developer. There was speculation earlier this year that it was about to file for bankruptcy. However, that appears to have been avoided thanks to Tencent's $1.25 billion investment in the company. Is Ubisoft Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Ubisoft (UBI) is Hold, based on two Buy, six Hold, and three Sell ratings over the past three months. With that comes an average UBI stock price target of €11.31, representing a potential 20.01% upside for the shares.
The Verge
16-07-2025
- Business
- The Verge
Ubisoft announces the co-CEOs of the new subsidiary focused on its biggest games.
Ubisoft announces the co-CEOs of the new subsidiary focused on its biggest games. Christophe Derennes and Charlie Guillemot will lead the group, which is 'dedicated to bringing the Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six franchises to their full potential,' Ubisoft says. Tencent will have a 25 percent stake in the entity, and the creation of the subsidiary is 'progressing well.'
Wall Street Journal
16-07-2025
- Business
- Wall Street Journal
Ubisoft Names Co-CEOs of Tencent-Backed Subsidiary
Ubisoft UBI 0.81%increase; green up pointing triangle Entertainment appointed two co-chief executives to lead a new subsidiary that the Assassin's Creed maker is creating with financial support from Chinese internet giant Tencent Holdings 700 -0.19%decrease; red down pointing triangle. The French videogame group said Christophe Derennes and Charlie Guillemot would take the helm of the new business that is set to include the teams behind the Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six franchises. The unit will also house any new games under development or to be developed.
