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Multinational company Ubisoft chooses QuébecInvestment of $780 million 1,000 new jobs

Saguenay, September 5, 2017. — Through its Horizon 2027 project, the multinational company Ubisoft will invest $780 million, will create 1,000 jobs over the next ten years, and will open new studios, particularly in Saguenay–Lac-Saint-Jean, thereby confirming Québec’s position in the video games industry. This investment constitutes the company’s largest growth plan in 20 years.

Details:

  • $780 million invested in Québec between now and 2027;
  • 1,000 jobs in Québec between now and 2027;
    • Ubisoft Saguenay: 125 jobs over the next five years ;
    • Ubisoft Québec: 200 additional jobs between now and 2027;
    • Another regional studio elsewhere in Québec, and Ubisoft Montréal: 675 additional jobs between now and 2027;
  • Additional investment of $13 million in succession, in applied academic research and in entrepreneurship between now and 2020.

In carrying out its Horizon 2027 project, Ubisoft will be able to benefit from the tax credit for the production of multimedia titles.

Quotes

“Since our arrival in May 2014, the economic profile of Québec has changed. Today, public finances are in order and enable us to invest and to respond to unforeseen events. Québec’s credit rating has risen and employment is reaching new heights. These facts build the confidence of Québec entrepreneurs and foreign investors. The result: Ubisoft has chosen Québec for its largest investment plan over the next 20 years. The company is also placing reliance on the Québec regions, since they are full of talent. The opening of an Ubisoft studio in Saguenay will diversify the economy of our region and fulfill the objectives of new directions raised at the Saguenay–Lac-Saint-Jean economic summit, which took place two years ago. Through its decisions, our government has freed up Québec’s economic potential. In a competitive and continually changing global environment, Québec is getting by very well. Let us continue these efforts together, because when our economy is running at full steam, we can collectively finance our public services and reduce the tax burden on families, while controlling our debt.”

Philippe Couillard, Premier of Québec

“We are proud of having contributed to the emergence of Québec as one of the main international hubs of video game production. In 20 years, Ubisoft has created 3,600 jobs, invested over $3.5 billion in Québec and developed some of the greatest brands in the industry here. Today, video games represent the most dynamic entertainment sector, in addition to being at the core of technological development. We have a unique opportunity to build the technological Québec of the future together. This is why we are today announcing the most ambitious of our growth plans in Québec, the opening of a studio in Saguenay and our intention of pushing our vision of regional development even further forward.”

Yves Guillemot, co-founder and CEO of Ubisoft

“We are pleased to support Ubisoft in its Horizon 2027 project, which will lead to the creation of 1,000 new jobs in Québec, including 125 specifically in Saguenay. By providing businesses in the video games industry with a stable fiscal framework that is predictable and competitive and that encourages major investments such as that announced today, we are positioning Québec among the leaders in this sector, and as a hub of excellence that is recognized worldwide. This announcement demonstrates once again the effectiveness of the tax credit for the production of multimedia titles, which has significant economic spinoffs from which Québec society benefits as a whole.”

Carlos J. Leitão, Minister of Finance

Highlights

  • The Québec video game industry relies on a workforce of about 11,000 people spread out among more than 140 businesses, which gives it a leadership position in Canada and a strong position at the global level.
  • It will be recalled that in Montréal, in 1997, Ubisoft set up its first foothold in the Americas, which 20 years later has become the largest video game development studio in the world, with over 3,000 employees in the Mile End neighbourhood. Ubisoft Montréal is responsible for several successful franchises, notably Assassin’s Creed, Far Cry, Tom Clancy’s and Prince of Persia. The company also possesses a studio in Québec City with over 450 employees.
  • The refundable tax credit for the production of multimedia titles was instigated in order to foster the emergence and development of the video games industry in Québec. It has enabled Québec to position itself as a leader in the sector and as a hub of excellence at the international level.

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Online as of: September 5, 2017


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