Capcom today announced that the Capcom Vancouver studio, which made Dead Rising, has been shut down.
Capcom after releasing a press statement where they stated that projects at Capcom Vancouver would be terminated confirmed to Kotaku that the studio indeed has been shut down. Capcom Vancouver is best known for being associated with the Dead Rising series.
All the titles in development will be shut down, Capcom told Kotaku.
“As a result of reviewing titles in development at Capcom Vancouver, Capcom has decided to cancel the development projects at this studio and will concentrate development of major titles in Japan,” they said.
Around 158 people will lose their jobs due to the closing of the studio. Only a skeleton crew will remain until March 2019 “to finalize closure operations and logistics”.
The studio has been in hot waters since the beginning of this year. They had laid off 30% of their staff at the beginning of this year and at least one project had been canceled. They said in a statement, “Capcom Vancouver has undergone a restructure which has impacted approximately 30% of the studio, as part of its regular periodic assessment of upcoming projects and overall studio goals. The team is continuing to work hard to support the recent release of Puzzle Fighter for mobile and is dedicated to its flagship Dead Rising series.”
But seeing their press release, it doesn’t seem like there will be another Dead Rising. They expect to lose around 4.5 billion yen (approx USD 4 million) from the termination of the projects. The closure has happened despite Capcom’s most recent title, Monster Hunter: World’s massive success.
Recently, due to China’s freezing of gaming licenses and their policies to curb poor eyesight in children, Capcom lost about 5% of their market value worldwide. Nexon, Konami, and Tencent also saw a dip in their shares.