Ubisoft to Set up Shop in Canada
PrintToronto, eager to offset some of the losses in its manufacturing sector, has lured Ubisoft to set up shop north the border by offering the game publisher $263 million. Ubisoft has published such hits as Assassin's Creed, Call of Juarez, Brothers in Arms: Hell's Highway, Far Cry, Prince of Persia, and many more across all gaming platforms.
The $263 million deal, which comes in the form of a tax credit, keeps Ubisoft in Canada for at least 10 years and is expected to create 800 jobs. For Ubisoft's part, the publisher plans to invest upwards of $500 million. Ubisoft reportedly made $1.7 billion last year.
While the tax break is significant, the government said it plans to make the money back through jobs created, tax revenues, and spin-offs, The Inquirer reports.
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n0ctis
July 09, 2009 at 7:41pm
Hey good for Toronto :)
________________________________________________________________
.: vires et honos :.
Shmoobie
July 09, 2009 at 6:01pm
Ubisoft Montreal, Quebec City and Vancouver must be excited that Ubisoft will be "setting up shop north of the border".
;-)
majorsuave
July 09, 2009 at 6:35pm
Exactly what I thought.
Assasin's Creed (1 and 2), most Splinter Cell, the latest Prince of Persia games, Far Cry 2 were all made in Montreal, Canada.
Take a look at the list here: http://games.ign.com/objects/733/733359.html
I don't think the Vancouver or Quebec city studios have been as productive but definetly, most of Ubisoft AAA workforce is already in Canada.
And, yes I also am a Canadian, I work for a different publisher though.
foamcup
July 09, 2009 at 6:26pm
Yes, a company with several divisions already in Canada must be thrilled to be setting up shop there.
Denis63
July 09, 2009 at 7:01pm
Yay for canada! we're getting a company that already exists here!
didn't they make Assassins Creed in Montreal?
-Denis
FK_name
July 12, 2009 at 12:44am
...maybe start with amending the title.
Then try correcting the article? (no manufacturing, lots of head-offices)
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