Japanese gaming developer Capcom shuts down its Metro Vancouver studio

A major Japanese video-game company has shut down its Burnaby studio.

Capcom Game Studio Vancouver announced on September 18 that it has permanently closed and laid off all of its 158 employees.

https://twitter.com/CapcomVancouver/status/1042179728864555009

The Metro Vancouver branch of the gaming company based in Osaka, Japan, developed home videogame software for markets out of Japan, and worked on the Dead Rising series and the mobile game Puzzle Fighter.

The Burnaby studio, which began as Blue Castle Games in 2005 before being acquired by Capcom in October 2010, was reported to have laid off about 30 percent of its staff in February.

In April, Puzzle Fighter was cancelled only months after its release, and the studio subsequently shifted to the Dead Rising series.

Capcom, which is "currently reviewing the allocation of its development resources that support the production of world-class content", announced on September 18 that it expects record losses from the termination of development projects of approximately 4.5 billion yen (approximately $52 million Cdn) in the next six months.