Shukfir
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Nival joined the development of the new installment, and, for the anniversary, began creating a new universe, heavily constrained by the laws of canonical fantasy.
This isn't entirely accurate. Ashan is mostly a creation of Ubisoft. Nival only added some of its own details and was heavily constrained by the framework of the concept from Ubi.
Ubisoft didn't have money from the very beginning.
Ubisoft has a lot of money. Rather, Ubisoft simply didn't want to spend it.
The series will end with the bankruptcy of Ubisoft.
Ubisoft is a huge company that publishes a ton of games (Assassin's Creed, Settlers, Anno, Prince of Persia, Rayman, Tom Clancy, and many other series). And Might & Magic is far from its most popular brand (it ranks only around 10th in popularity). Even if half of Ubisoft's brands fail, the company won't go bankrupt. 3DO didn't have anything more popular than Might & Magic. Therefore, 3DO's greed led to its downfall.
Judging by Ubisoft's actions, they have no intention of reselling the Might & Magic brand. This is evidenced by the renaming of the game from "Heroes of MM" to "MM: Heroes." It would be foolish to do this if Ubi didn't expect at least half a dozen releases under the Might & Magic brand.
As far as I can tell, the production of games in the Might & Magic series is currently carried out in a kind of "seasons." At the beginning of the "season," a flagship game is released (the first flagship was Heroes of Might & Magic 5). The flagship features all the Factions and sets an approximate time frame for the history of Ashan, within which all the games of the season are released. "Spin-off" games follow the "flagship," which delve deeper into the plot of the flagship (Dark Messiah and Heroes Kingdoms are sequels to HoMM 5, Clash of Heroes is a prequel), but do not contain any new playable Factions.
In the second "season," Might & Magic: Heroes 6 was released, which was moved to a new era of Ashan, and in which, finally, a new Faction appeared. Now we should expect a spin-off game. Ubi has already hinted at a new Clash of Heroes (the first game was commercially successful, so it will most likely get a second part, although this is not a certainty, because its developer, Capybara, no longer cooperates with Ubi). Plus, Ubi recently registered a new title (Might & Magic: Duel of Champions). They probably already knew about the threat of Black Hole's bankruptcy at that time. This indicates that Ubi does not intend to sell the brand or abandon it (at least, not now).
If I'm right, and Ubisoft is really going to develop the series, then I don't think they will leave the second flagship in its current state. In my opinion, they also won't change the flagship. Because Heroes is still the most recognizable game in the series.
Who knows why Ubisoft ruined Black Hole. Treachery? Greed? Personal motives? A desire to buy out the company? A desire to ruin a competitor? Or simply stupidity? The arrogance of the producers? An inability to understand that they are doing something wrong? An inability to understand the desires of fans? An inability to assess the market situation? There are many options. The consequences are unpredictable. But I hope for the best.