Ubisoft's recent financial report indicated that, following a fiscal year loss of $74 million, a number of projects were being scrapped as part of an internal reorganization. Since we've heard very little from Beyond Good & Evil 2in the three years since its teaser trailer was shown, some thought it finally meant curtains for that long-awaited sequel.

Well, worry not. An Ubisoft spokesman confirmed to Eurogamer that BGE&2, plus I Am Alive are both still in development. "Terminated projects were unannounced projects," a Ubisoft spokesperson said. As these two are announced, they are safe.

Of course, they didn't say how far along BG&E2 is in development, or when the game would finally release.

I Am Alive is a disaster survival game headed for a PlayStation Network and Xbox Live Arcade release.

Ubisoft Assures Us Beyond Good & Evil 2 is not Canceled

Ubisoft: I Am Alive and BG&E2 Safe [Eurogamer]