Justin Farren, Creative Director at Ubisoft Singapore, reveals "Skull & Bones" during the Ubisoft E3 conference at the Orpheum Theater on June 11, 2018 in Los Angeles, California. Ubisoft Singapore officially launched its first major video game, Skull And Bones, for the PlayStation 5, Xbox Series X/S, and PC on Friday, ending an unusually long development saga that spanned over a decade. Ubisoft Singapore received a grant from the Economic Development Board in 2016 to aid in the development of an "AAA" game title from the city-state. The "AAA" game classification refers to titles that are produced and distributed by large, well-known publishers that will typically have high development and marketing budgets. According to data collected by market research company YouGov in 2020, at least three-quarters of the population in Singapore plays video or mobile games, which jumps to 90% among those aged 18 to 24.

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Persons: Justin Farren, Jean, Francois Vallee, CNBC's Organizations: Ubisoft Singapore, Ubisoft, Orpheum, PlayStation, Economic, AAA Locations: Los Angeles , California, AAA, Singapore