Half Year 2020 Ubisoft Entertainment SA Earnings Call Transcript
Good afternoon, and good morning, everybody. Thank you for joining our conference call. As announced last week, we are implementing new changes to our organization. While they are having a negative impact on our short-term performance, we expect they will generate sufficient value over the coming years. Ubisoft has a history of making moves intended to spare its long-term prospects that have led to very significant value creation for its shareholders over the past 5 years. Ten years ago, we focused our strategy on our biggest franchises, and we put in place the lead and associate studio organization. Six years ago, we decided to increase the production time between the alpha and the release date for our games. Those 2 decisions and others like them have led to a material transformation of our portfolio, with the launch of successful new IPs like The Division, Watch Dogs and For Honor with significant growth for franchises like Rainbow Six and Far Cry and a strong comeback for assessing script
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