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Capcom dissolves Studio Clover >
2006/10/12 9:03:08: Posted by vividbreeze
Capcom announced today that studio clover (creators of Viewtiful Joe series, Okami and God Hand), will be closed in March 2007. Click read more for the full info.

PRESS RELEASE

Capcom Co., Ltd., hereby announces that a resolution was passed at the Board of Directors¡Ç meeting held on October 12, 2006 that Clover Studio Co., Ltd., one of consolidated subsidiaries, is to be dissolved. The details of the dissolution are as follows:

Details of Consolidated Subsidiary to be Dissolved
(1) Trade Name: Clover Studio Co., Ltd.
(2) Head Office: 3-2-8 Uchihirano-machi, Chuo-ku, Osaka 540-0037, Japan
(3) Representative: Haruhiro Tsujimoto
(4) Date of Establishment: July 1, 2004
(5) Paid-in Capital (millions of yen): 90
(6) Principal Businesses: Development of software
(7) Primary Shareholder: Clover Studio Co., Ltd. is a 100% subsidiary company of Capcom Co., Ltd.


Reason for the Dissolution:
Clover Studio Co., Ltd. has met the goal of developing unique and creative original home video game software, however, in view of promoting a business strategy that concentrates management resources on a selected business to enhance the efficiency of the development power of the entire Capcom group, the dissolution of Clover Studio Co., Ltd. has been raised and passed at a Board of Directors' meeting.


Schedule of Dissolution:
End of March, 2007


Impact on Financial Forecasts:
The impact of the dissolution of Clover Studio Co., Ltd. on the financial forecasts, separately announced on the same day, is inclusive as part of Extraordinary Losses amounting to 400 million yen.

Labeled With  capcom clover okami viewtiful joe god hand

Comments [18]  | Rate this article:  | Avg. rating of 1.0

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Comments

Written by Shawn McCool (1) on 2006/10/12

Why? oh why! Capcom!?

Does anyone know what

"owever, in view of promoting a business strategy that concentrates management resources on a selected business to enhance the efficiency of the development power of the entire Capcom group"

means??
Written by VaeVictus on 2006/10/12

I wonder if this has anything to do with the terrible reviews God Hand received?
Written by Mr. Mister (15) on 2006/10/12

Actually gamespot gave God Hand a GOOD review (8.0)

I guess it depends on when you started gaming to appreciate it. If you have played or remember BAD DUDES and DOUBLE DRAGON in the arcades, I hear you will like this one.

Check it out.
Written by Okami (1) on 2006/10/12

The first studio to make a game almost as good as Zelda is being done away with. A very sad day for the industry.
Written by Fruity Loops ZX (249) on 2006/10/12

Basically, Clover was making any money for Capcom ..so, why bother.
Written by ROBINSON (36) on 2006/10/12

"I wonder if this has anything to do with the terrible reviews God Hand received?"" by vaevictus.

---------------------------------------------

-----------------------------

I wonder when a trunk run over you , and kill you for good.
Written by VaeVictus on 2006/10/12

A trunk ran me over? Wishing death upon a poster, classy. Durka Durka, Jihad Jihad.
Written by Nemesis IX (371) on 2006/10/12

whats a trunk?
Written by ROBINSON (36) on 2006/10/12

jihad? oH man , u father is the one runnig from the FBI (OSAMA BIN LADEN) , ANYWAY how are you 52 brothers?

litle prick , now i wish u die slow with a ps3 stiked opon u ass.
Written by VaeVictus on 2006/10/12

I guess a box that people keep their things in, or maybe an elephant's facial appendange. Neither known for running things over.
Written by ROBINSON (36) on 2006/10/12

@@@@@@ NEMESIx

is the trunk( a litle van to be sincere) that recruit recruit sluts from the streets like your mother.

anyway do u know who your father is ? cos 4 guys cum to your mothers pussy. www.bangbros.com
Written by Nemesis IX (371) on 2006/10/12

i'm just going to laugh at such a pathetic person.
Written by ROBINSON (36) on 2006/10/12

who , your mother??

saying that im pathetic is a form of avoid the truth , infao LOLOOLLOLLLL
Written by Nemesis IX (371) on 2006/10/12

your such a funny guy.
Written by ROBINSON (36) on 2006/10/12

funny ? no ..u are a funny idiot.
Written by steve_o_3000 on 2006/10/12

viewtiful joe was fun.
Written by Unknown (174) on 2006/10/12

I'll say this in plain terms that you would understand, Clover Studios creates good shit but to a company like Capcom, they don't make Money for shit, Viewtiful Joe series sold average and Okami Bombed in japan and possibly in america, so Capcom doesn't want to spend extra money on them anymore and consider them fucked for good.

How's that? Sad but thats business...

BTW God hand sucks..and no surprise if that doesn't sold shit either Viewtiful Joe i still play that shit :)
Written by beeper on 2006/12/27

Hooray...now instead of good games we can look forward to 1000 Megaman clones!
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