Ubisoft has cancelled a number of its titles in an effort to reorganise its studios to adapt to current market trends, the publisher has announced.

The company's latest sales and earnings report sneaks in the following line: "Ubisoft has taken measures to adapt its structure to major changes in the industry by reorganising the roles and operations of its studios, which has resulted in the termination of certain projects."

But what could those cancelled projects be? Outlining the publisher's schedule for the next financial year, Ubisoft made no mention (for the second year running) of either Beyond Good & Evil 2 or I Am Alive, which means they've either been canned or are still languishing in development hell.

Either way, don't expect to see either anytime soon. You can, however, expect to see Call of Juarez: The Cartel coming out this year. Phew!

Still, it's not all misery and cancellations, as Ubisoft is promising a major new PC title: "In the coming days, we will officially announce an ambitious project on PC based on one of our top gamer franchises that will illustrate our capacity to take advantage of new business models."

Despite a sales upturn of 19 per cent and success of titles such as Assassin's Creed and Just Dance, Ubisoft announced a net loss of €52.1 million (approximately £45 million) in its Q4 2011-12 financial reports, published yesterday.

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