Ubisoft buys up Tom Clancy rights, announces Clancy MMO

Publisher Ubisoft sealed a mega-deal today for the rights to the Tom Clancy brand name to "use in video games and ancillary products including related books, movies and merchandising products." No price tag was affixed publicly to the deal, but Newsweek spoke with Wedbush Morgan analyst Michael Pachter who guesses it was somewhere around $100 million.

GameDaily reports that in a follow up conference call to the announcement, Ubisoft CEO Yves Guillemot stated the company is looking to make a Tom Clancy MMO. Guillemot also guessed the MMO would cost around $50 million to make. Yes, but will it have the prerequisite elves and dwarves in there to become a phenomenon?

Read -- Ubisoft Locks Up All Tom Clancy Rights, Plans for MMO
Read -- Newsweek talks to Pachter

This article was originally published on Joystiq.