Ubisoft today announced plans to open a full development studio in Toronto, Ontario – an announcement that is expected to result in the creation of eight hundred new jobs in the province over the next decade. The government of Ontario is investing $263 million in the company over the next ten years and Ubisoft’s net investment in the new studio is said to be over half a billion Canadian dollars. The studio is expected to begin operations in late 2009.
“Today’s announcement marks a strategic move for Ubisoft as we continue to expand our internal development force,” said Yves Guillemot, president and chief executive officer at Ubisoft. “We are in an excellent position to grow and after extensive analysis we are thrilled to have reached an agreement with the government of Ontario to found our new studio in Toronto. The city is one of North America’s economic and cultural epicenters and our expectations are high. We’re excited to be able to count on the exceptional local talent, who will contribute to our accelerated growth and will have a profound impact on the video game industry with the excellence of their creativity.”
Ubisoft Toronto will be overseen by Yannis Mallat, chief executive officer at Ubisoft Montreal. Ubisoft Toronto is expected to work on high-profile games, and according to Mallat, will draw upon Toronto’s experience with the film industry.
“We are incredibly excited to finally tap into the remarkable talent Ontario has been developing over the years,” said Yannis Mallat. “Toronto’s unique pool of experienced video game industry and film industry talent will allow us to develop a team with exceptional ability to help us realize our goals for creating brands with universal appeal that extend beyond the world of video games.”
The studio in Toronto will be the fourth for Ubisoft in Canada, with other studios located in Montreal, Quebec City, and Vancouver. Ubisoft currently employs over 2300 Canadians across the country.
Ontario Premier Dalton McGuity was on-hand today at the Ubisoft press conference in Toronto to help announce the plans for the studio and to elaborate on the provincial government’s support for the endeavor, stating “Our world is one where you can borrow capital, you can copy technology and you can buy natural resources. But to build a high wage and a high standard of living you need talent. By investing in Ubisoft, we’re building Ontario’s economy now and for the future.”
Can’t wait to apply!