Ubisoft has announced plans to open a full development studio in Toronto, Ontario – a first for the company in the province. This announcement is expected to result in the creation of 800 net new jobs within the province over the next decade. The government of Ontario is investing CAD$263 million (approximately $226 million USD) over ten years in the company and Ubisoft's net investment will be over half a billion CAD in the new studio, which will begin operations in late 2009.

Ubisoft Toronto will be overseen by Yannis Mallat, chief executive officer of Ubisoft Montréal, whose proven leadership and vision will be a major asset to the growth and success of the new studio. Ubisoft Toronto will work on Triple-A games and will emulate the proven business model and creative excellence for which Ubisoft is known. In addition, Ubisoft Toronto will bring its own flavor to the global Ubisoft brand, which will benefit from the deep pool of dynamic and quality talent trained in video game design and production in the province of Ontario.

The Toronto studio will also build on the city's existing experience with the film production industry. Collaborating with local film industry veterans to enhance video game production and extend Ubisoft's convergence strategy, Ubisoft Toronto will contribute to Ubisoft's global plan of extending its brands to complementary platforms and mediums, including books, comics, short films and other products.