Ubisoft has secured all the remaining intellectual property rights related to the Far Cry property as well as a perpetual license to use the CryENGINE Far Cry Edition. The publisher has announced plans to continue developing Far Cry titles.
Under the terms of the agreement Ubisoft is granted an exclusive worldwide perpetual assignment of all property and Intellectual Property rights of the Far Cry brand, including characters, likenesses, copyrights and environmental settings. Ubisoft is thus free to develop and publish sequels, add-ons, derivative and merchandising products on any format for its full benefit. Having had a look at Crytek's new title, Crysis and the wonders of CryENGINE 2 we can see why the developer would not have a problem giving its former publisher so much freedom with the original engine. Crytek is developing Crysis for EA and it is almost certain that the new title will spawn another franchise.
In addition to the brand in itself, Ubisoft, its subsidiaries and affiliated companies have the license to use the Far Cry Edition of CryENGINE to develop, sell and distribute an unlimited number of video games. This provides another own production pipeline for the company. Ubisoft's development teams will be working on updates and changes to the Crytek's engine.
Far Cry is one of Ubisoft's most successful brands and this agreement is one further step in our strategy to constantly enrich our catalogue of fully owned brands. With Far Cry, we look forward to further consolidating our leading position in the first person shooters genre said Yves Guillemot, President & CEO of Ubisoft Entertainment.