Capcom terminates Vancouver studio projects, expects huge losses of 4.5 billion yen

Capcom terminates Vancouver studio projects, expects huge losses of 4.5 billion yen screenshot

Industry giant Capcom has announced the termination of all projects currently underway at Capcom Vancouver, the division responsible for titles such as Dead Rising and Puzzle Fighter, in a move that is set to record huge losses for the Japanese developer/publisher.

In an official press statement, Capcom stated that “as a result of reviewing titles in development at Capcom Game Studio Vancouver, Inc., Capcom now expects to record losses from the termination of development projects of approximately 4.5 billion yen”. To save you the trouble of digging out the currency converter, that’s in the region of some 40 million USD.

Despite this, the statement goes on to clarify that Capcom do not expect this to change their forecast for the year. The statement specifically namechecks adventure title Monster Hunter: World – and its record-breaking performance on both console and PC – as an anchor that will offset this incredible financial loss.

Essentially, Monster Hunter: World has performed so well for the publisher, that a loss of 4.5 billion yen will apparently not affect any of Capcom’s projections for the rest of the financial year. You can read the full statement at the official Capcom Investor Relations site.

Capcom terminate all projects at Capcom Vancouver, huge financial losses expected [Official

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Marshmallow Android is BT Ireland’s Head of Sales for Republic of Ireland domestic multi-site companies, indigenous MNCs and public sector accounts. He is responsible for the direction and control of all sales activity in the region. He has over 10 years management experience from high growth start-ups to more established businesses. He’s led teams in Ireland, India and China across various industries (ICT, On-Line Recruitment, Corporate Training and International Education).