In Blow to Montreal Gaming Industry, Government Cuts Back Subsidiary Bonuses and Tax Credits

Posted by Techvibes NewsDesk

Cutbacks by the Quebec provincial government are impacting Ubisoft's ability to expand in Montreal.

Several other videogame agencies are also likely to be affected by the government's reductions in subsidiary bonuses and tax credits, including Square-Enix Montreal and Edios Montreal.

Ubisoft's studio was created with government funding and announced plans last year to invest up to $400 million in an expansion that would create 500 new jobs and improve the company's facilities, ultimately hiring 3,500 employees in Quebec by 2020. But the government's cuts may force Ubisoft to scale back its expansion plans, though for now the critically acclaimed developer is merely saying it is "analyzing" the situation.

 

Company:
Ubisoft
Website:
http://www.ubi.com
Location:
Montréal, Québec, Canada

Ubisoft is a leading international developer, publisher and distributor of interactive entertainment products. more


blog comments powered by Disqus

Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




Who's Hiring



Recent Comments

Powered by Disqus