'Ubisoft' News and Updates: CEO Yves Guillemot Wants to Keep Ubisoft Independent

By Staff Reporter , Updated Nov 09, 2016 03:42 PM EST

Ubisoft is likely to have a partnership with Netflix, a well-known streaming service. CEO Yves Guillemot is reportedly in discussions with Netflix to create a new series which will probably be based on one of Ubisoft's major franchises.

While Vivendi is slowly increasing its stake in Ubisoft, CEO Yves Guillemot highlighted on Monday, Nov. 7 that he wants to keep Ubisoft independent, reports Reuters. Vivendi holds more than 20 percent at the moment as a result of an adverse takeover bid for Ubisoft in October.

Guillemot also added that there had been no recent contact with Vivendi and they are considering in acquiring about $110.7 million mainly in the part of mobile phone games and they might be hiring 500-1,000 staff in France in the next five years.

Elise Favis of GameInformer wrote: "I'm wary about film and TV adaptations based off video games because of their shaky track record. With that said, Netflix has shown promise in recent years with the quality of their original programming, so there's some reason to be hopeful. Considering Ubisoft is already releasing an Assassin's Creed movie, I wouldn't be surprised if these discussions are related to that franchise. Perhaps it'll be a tie-in to the film, or something else entirely like a new look at 'Far Cry' or 'Splinter Cell'."

As for Netflix series, there have been no details about it yet but Ubisoft will surely make everything public once it's placed in order. Netflix on the other hand has partnered with Activision previously for "Skylanders Academy" animated series which made its first appearance earlier this fall.

Ubisoft Entertainment SA is a French multinational video game developer and publisher, headquartered in Rennes, France. It was founded by five brothers of the Guillemot family in March 1986.

It is best known for developing games for several acclaimed video game franchises including Assassin's Creed, Far Cry, Tom Clancy's Ghost Recon, Just Dance, Rainbow Six, Prince of Persia, Rayman, Watch Dogs and Tom Clancy's Splinter Cell.

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