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For the seventh year in a row, Capcom has made more money than ever before

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Japanese games publisher Capcom has consistently excelled in the industry for numerous years, and its latest annual financial results continue to showcase its success. With a string of blockbuster games in its flagship franchises, the company has achieved unprecedented profits for the seventh year in a row, marking the 11th consecutive year of growth in operating income.

In the financial year ending March 2024, there has been a significant increase in all figures when compared to the previous year. The net sales for the period reached a staggering $977 million, showing a remarkable increase of 21 percent. The operating income also saw a notable growth of 12.3 percent, amounting to $366 million. Similarly, ordinary income experienced a significant rise of 15.7 percent, totaling $381 million. Lastly, the net income attributable to owners of the parent company surged by 18.1 percent, reaching an impressive $278 million. Overall, the performance is quite impressive.

Software sales are the primary factor behind these impressive record-high figures. During this financial period, Resident Evil 4 sold an impressive 3.39 million units, making it a significant contributor. However, it’s important to note that this is not the only measure of success. In fact, an impressive 15 games managed to sell over 1 million copies within the same timeframe. Street Fighter 6 has managed to sell an impressive 3.3 million copies, while Dragon’s Dogma 2 has also found success with 2.6 million copies sold. It’s worth noting that even older titles like Monster Hunter World and Resident Evil 7 continue to hold their own in the gaming landscape. Dragon’s Dogma: Dark Arisen, the updated version of the original game, managed to sell nearly 1.7 million copies, largely fueled by the anticipation for the sequel.

Capcom’s forecast for its next annual results is filled with optimism, as one would expect. The company is projecting net sales of approximately $1 billion and operating income of around $410 million, marking another significant milestone.

In the near future, the publisher has revealed some exciting titles like Kunitsu-Gami: Path of the Goddess and Monster Hunter Wilds. Fans can also anticipate the development of new installments in the Resident Evil series, such as Resident Evil 9.

As Editor here at GeekReply, I'm a big fan of all things Geeky. Most of my contributions to the site are technology related, but I'm also a big fan of video games. My genres of choice include RPGs, MMOs, Grand Strategy, and Simulation. If I'm not chasing after the latest gear on my MMO of choice, I'm here at GeekReply reporting on the latest in Geek culture.

Gaming

Are you eagerly anticipating what Absurd Ventures has in store for us in the coming years

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Activision has recently announced the establishment of a new studio, Elsewhere Entertainment, located in Warsaw. The studio has been entrusted with the exciting challenge of creating a groundbreaking AAA franchise that will captivate players with its immersive storytelling and innovative gameplay. A significant number of employees were let go by the large corporation after the completion of Microsoft’s acquisition of Activision Blizzard King earlier this year.

According to IGN, Activision made the announcement in a blog post, sharing that the team will be based in Poland with additional resources in the US. The studio has assembled a team of highly skilled individuals who have worked on acclaimed titles such as The Last of Us, Uncharted, The Witcher, Destiny, Far Cry, and Tom Clancy’s The Division.

Activision’s response to IGN’s request for a studio logo or official artwork was rather unconventional. Instead of providing the requested materials, they sent over the Cambridge University dictionary definition of the word “elsewhere.”. However, with a discerning eye, one may catch a glimpse of something lurking in the background. The publication acknowledges that, whatever it may be, it has no connection to Call of Duty. Elsewhere Entertainment has been granted full access to Activision’s extensive resources and cutting-edge tools, enabling them to further enhance their production and development capabilities. We may have to wait a while before we find out what they have in store for us.

Curious about Activision’s latest venture, Elsewhere Entertainment? Opening a new studio after numerous layoffs—is it a tasteless move or simply another harsh reality of the video game industry? Feel free to share your thoughts in the comments section below.

 

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Gaming

Rockstar Co-Founder Dan Houser is currently working on the development of an exciting new ‘Open World Action-Adventure’ game

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Last year, we reported that Rockstar co-founder Dan Houser had launched a new studio called Absurd Ventures, with the aim of developing original IP for all platforms and formats. The new outfit has recently started development on a game that boasts top-notch combat and third-person action in a variety of game modes.

This information is available, as Eurogamer discovered, from a recent job listing on the developer’s website. The company is looking for more people to join their team and contribute to an “open-world action-adventure game.”. According to Eurogamer, it seems that the project they are working on is still in its early stages. They are currently in the process of hiring for important positions like lead designer, lead gameplay designer, art director, and technical director.

Absurd Venture is dedicated to crafting immersive narrative experiences across a wide range of mediums, such as games, animation, books, graphic novels, live-action, and scripted podcasts. Their mission is to create captivating worlds, compelling characters, and engaging stories that span diverse genres. The former vice president of writing at Rockstar, who co-wrote both Red Dead Redemption games, has recently joined the studio. Additionally, Lazlow Jones, a former writer and producer at Rockstar, has also come on board.

Are you eagerly anticipating what Absurd Ventures has in store for us in the coming years? Feel free to share your thoughts in the comments section below.

 

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Assassin’s Creed Shadows, the physical version, requires an online connection for installation

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Players who choose to go with a physical copy of the recently announced Assassin’s Creed Shadows will need an Internet connection in order to finish the installation. This is unlikely to pose a problem for most Ubisoft fans, but it does align with a trend that is worth mentioning. It follows a requirement that was initially introduced in 2023’s Avatar: Frontiers of Pandora and will also be the case with the upcoming Star Wars Outlaws.

As reported by VGC, pre-orders for the game are now available, and a notice on the front box art at retailers such as Best Buy and GameStop states: “Internet connection is necessary for game installation.” For Avatar, players had to install a day-one patch before being able to start the game. However, both Shadows and Outlaws come with a warning prominently displayed on the front of the box.

The lack of a clear explanation for this requirement raises concerns about the long-term preservation of the game, particularly if the servers are eventually shut down. In December, Ubisoft made the decision to delist the original The Crew, effectively ending its run. This unfortunate event may not be the last time we see a game meet a similar fate.

What are your thoughts on Ubisoft’s requirement of an online connection for the installation of its flagship games? Feel free to share your thoughts in the comments section below.

 

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