Ubisoft announced that it has acquired 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.
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.
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.
Source: Press release