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Xbox 720 and PlayStation 4 title revealed from Ubisoft, will cost $18.5 million

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Ubisoft has just revealed they are working on an Xbox 720 and PlayStation 4 title that will receive a large investment of about $18.5 million over the next 22 months.

According to a report from Polygon on Thursday night, Ubisoft has partnered with two French government research organizations, the Atomic Energy and Alternative Energies Commission (CEA) and the National Center for Scientific Research (CNRS), who will both assist Ubisoft in developing a game engine for an upcoming next-generation title.

The Xbox 720 and PS4 title is said to be codenamed "Mango," and will receive around €14 million invested in the project over about two years time.

The developers who brought "Assassin's Creed" and "Far Cry" will be working with researchers from the CEA and LIRIS-CNRS (Computing Laboratory in Image and Information Systems) at the University of Lyon.

According to LIRIS researcher Eric Galin, under "Mango," the organization will "hire a number of engineers to develop technologies for the applications of new gaming platforms."

Ubisoft CEO Yves Guillemot said this is the first venture of its kind for Ubisoft and this project was put together to ensure the next-generation engine comes from France.

The business move is not only for next-generation development, but also will help bring in more jobs and create a healthier economy for those looking for gaming-work in France.

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