The $2 billion maker of 'Assassin's Creed' says the games console is nearly dead

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• Ubisoft CEO Yves Guillemot predicted the next generation of consoles will be the last.
• After that, he believes cloud-based streaming services will dominate gaming, with blockbuster titles available on any screen.
• Streaming services for gaming are still niche, but as the technology improves Guillemot believes they will move into the mainstream.

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The CEO of the $2 billion gaming company behind "Assassin's Creed" has predicted that games consoles are heading for extinction.

In a recent interview with Variety, Ubisoft CEO Yves Guillemot said: "I think we will see another generation, but there is a good chance that step-by-step we will see less and less hardware."

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