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It's Game Time.

Ontario, Canada Lands Major Video Game Studio, 800 Jobs

TORONTO -- One of the world's leading game developers -- Ubisoft -- is coming to Toronto, Canada to establish a major video game studio and create 800 high-quality jobs over 10 years.

Ubisoft chose Ontario, Canada because of the talented workforce, competitive tax environment and strong ties with the film industry. The Ontario government is investing $263 million over 10 years in the company. Ubisoft will invest over half-a-billion dollars in the new studio, which will begin operation in late 2009.

Ubisoft is a worldwide leader in producing, publishing and distributing interactive entertainment products. The company has been in Quebec since 1997 and today employs 2,200 people there. As of January 2009, they also have a presence in Vancouver.

Video games See video game console.  created by Ubisoft include Tom Clancy's Splinter Cell This article is about the Splinter Cell video game series. For the first video game in the series, see Tom Clancy's Splinter Cell (video game). For the novel with the same name, see Tom Clancy's Splinter Cell (novel). , Tom Clancy's Rainbow Six This article is about the Rainbow Six franchise. For the first video game in the franchise, see Tom Clancy's Rainbow Six (video game). For the novel with the same name, see Rainbow Six (novel). , Assassin's Creed This article or section contains information about an unreleased video game.
The content may change substantially as more information becomes available.
, Prince of Persia This article is about the game. For the titular character, see Prince (Prince of Persia). For an overview of the series, see Prince of Persia (series).

Prince of Persia
 and Far Cry.

QUICK FACTS

* Nine video games are sold every second in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. .

* Ontario's digital media industry generates around $1 billion annually - and is growing fast.

* The entertainment software industry is the fastest growing entertainment industry in the world, outpacing both music and movies.

"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," said Dalton McGuinty, Premier of Ontario The Premier of Ontario (sometimes Prime Minister of Ontario) is the first minister for the Canadian province of Ontario. The Premier is appointed by the Lieutenant-Governor of Ontario as the province's head of government, and presides over the Executive council or cabinet .

"The best jobs require creative minds, innovative technology, a positive investment climate and a government that supports the industry. More international digital media companies are looking to our province and we're excited about Ontario's role in the future of this growing industry," said Sandra Pupatello, Ontario's Minister of Economic Development and Trade.

"Today's announcement marks an exciting milestone for Ubisoft, and it would not be possible without the commitment of the Ontario government to develop the video game sector within the province. We have long admired the talent that Ontario has grown and fostered, and are thrilled to be able to work with these passionate and committed professionals in their home province. We look forward to this next chapter for Ubisoft in Canada, and anticipate great things to come out of Ubisoft Toronto in the coming years," said Yannis Mallat, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Ubisoft Montreal.

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Publication:Business Wire
Article Type:Company overview
Geographic Code:1CANA
Date:Jul 7, 2009
Words:402
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