She officially announced that she had made a strategic investment of €1.16 billion in her flagship workroom in Vantage. The studio, which has been operating independently since 1 October, coordinates the development of the three flagship IPs of the Assassins Letter, the Ill-Island Visible, Rainbow VI, which covers 2,300 staff members in six of the world ‘ s largest studios: Montreal, Quebec and Barcelona. Upon completion of the transaction, the call was made in possession of 26.32 per cent of the shares in the Vantage studio, and she reserved ownership.
According to the bulletin, the value of the Vantage studio pre-financing enterprise was €3.8 billion. Chief Executive Officer Yves Jieymo called the move “a key milestone on the road to transition by fulfilling the company’s world-class IP values”. He noted that: “The funding of Euro1.16 billion will facilitate group deleveraging, strengthen balance sheets and support strategic investment in other areas of the company. The Vantage studio is run by an exclusive leadership team, with a central concept of autonomy, focus and player, and accelerates the evolution of the flagship IP into a billion-dollar brand by means of the Creative Industries model. “We are pleased to deepen our strategic collaboration with Phui through this investment.” It is expected that the Vantage Studio, with its excellent team and creative vision, will contribute to the development of IPs such as the Assassins Letter as a permanent platform for intergenerational players.”
In the most recent financial statements disclosed prior to the completion of the transaction, the net liability for the full product amounted to €1.15 billion. Performance in the first half of the financial period 2025-26 exceeded expectations: the total net target was €772.4 million (20.3 per cent over the same period), the figure was €688.5 million (30.2 per cent surge) and the stock game was €741.4 million (50 per cent surge). The operating losses were reduced to 120.2 million euros according to IFRS (compared to 271.8 million euros in the same period last year). The highlights of performance include the strong performance of the Letter of Assassins and the nationwide blockade, which offset the weak income of Rainbow VI due to the “open-up surge”. The company confirmed that the Vantage studio was about to be officially launched, “all the prerequisites having been met”. The subsidiary will receive a cash injection of €1.16 billion to cover the net liability of €1.15 billion at the time. Vantage was established as the first initiative to restructure the baby into a “creative workshop” model, defined by Yves Jieymo as “a business module with ownership, efficiency, clear objectives and clear responsibilities”. The remaining creative workshops are planned for publication in January 2026.
The cost-cutting plan for maternity has been steadily advancing through the reorganization and recruitment control of the Nordic studios (redlynx and Massive Enterprise) with the goal of achieving a further 100 million euros in fiscal year 2026-27 in comparison with the fixed cost of 2024-2025. By the end of September 2025, the number of global staff had fallen to 17,097 and the number of posts had been reduced by 1,500 over the past 12 months. The Assassin Letters: Shadows are over-anticipated, and the DLC content and the Assassin Letters: Visions are updated free of charge to drive the player’s “talk days” beyond the average of two years, the latter totalling 10 million players. Despite the fact that Rainbow VI revenues fell short of target, Netflix’s series, Cell Fragmentation: Watching Death, was the first strong broadcast and the first week of the sale of Age 117: Peace in Rome led to “stable growth in consumption”.
Yves Giyemo summed up: “The performance of this quarter shows a different dynamic, and Rainbow VI: The Surrounding has entered a transition phase in an intense FPS environment, offset by the strong performance of other works. The Assassins Letter series goes beyond expectations and confirms its ability to continue to attract players. With the momentum of `The Battle of Brooklyn’ DLC, the Territory’s Block 2 generated more revenue in the first half of the year than throughout last year.” As the industry as a whole recovered after the outbreak, the price of the product fell from 85 euros during the epidemic to 6.77 euros yesterday. The infusion of funds would enable it to repay two loans in advance and to consult with banking partners on the financing of the new architecture. Yves Jiemo stressed that “cost optimization progress has convinced us that strong cash flows will be restored in the coming years through organizational efficiency and growth in revenue collection”.
